By Mark Nootbaar & Deanna Garcia
The review team contracted by the Pittsburgh Public School District through Fourth River Development L.L.C. has recommended that the board accept a $5.2 million bid to purchase the closed Schenley High School.
PMC/Schenley HSB Associates, L.P. expects to turn the shuttered school in Oakland into 175 market-rate, luxury apartments. Fourth River said it chose PMC based on a number of factors including limitation of risk, and the ability and capacity to complete in a timely manner, and proposed uses for the property.
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