3 Investors Turned an Abandoned High School Into 31 Luxury Apartments
Publish date: 2024-05-03
- Three property investors bought an abandoned high school near Pittsburgh for $100,000.
- They spent 18 months, and $3.3 million, converting the former school into 31 apartments.
- They retained much of the school's original design during the renovation.
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In 2019, Jesse Wig, Adam Colucci, and Dan Spanovich bought an abandoned school in Homestead, Pennsylvania, for $100,000 in an off-market deal.
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in.Bowtie High had been abandoned for almost 10 years, but the trio believed the building had potential.
Starting in 2020, they began converting the former school into 31 apartments.
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