4 buyers for closed Philly schools identified

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."