4 buyers for closed Philly schools identified

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University City High School

The Philadelphia School District is close to four deals for closed school buildings, it announced today.

The district said it is negotiating deals on these properties:

Anna Shaw Middle School, 5400 Warrington Ave. (Southwest Philadelphia). Buyer: Mastery Charter. Proposed use: educational.

Alexander Wilson Elementary School, 1300 S. 46th Street. (Southwest Philadelphia). Buyer: Orens Brothers Real Estate Inc. Proposed use: retail and residential.

Stephen Douglas High School, 2700 E. Huntingdon Street. (Port Richmond). Buyer: Maritime Academy Charter School. Proposed use: educational.

University City High School, Charles Drew Elementary, and The Walnut Center, 3601 Filbert Street. (University City). Buyer: Drexel University Development, LLC. Proposed use: residential, retail, lab/office, educational.

The sales would net the district about $25 million, officials estimate.

Once negotiations are complete, the deals would have to be signed off on by the School Reform Commission. The SRC could consider a resolution on March 20.

Superintendent William R. Hite Jr. said he was pleased that deals were close.

"Once approved, the sale of these facilities will generate one-time funds for the school district and provide the city with opportunities for redevelopment," Hite said in a release. "We will continue to pursue property repurposing under the district's Adaptive Sale and Reuse policy."

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