Renovating A $100K Abandoned High School Into Apartments | Unlocked

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CNBC Make It

CNBC Make It

Жыл бұрын

Millennials Adam Colucci, Jesse Wig and Dan Spanovich bought an abandoned high school in Homestead, Pennsylvania for $100,000 and turned it into a 31-unit apartment building. The renovation cost about $3.3 million and took 18 months to complete. Adam, Jesse and Dan are now in the process of turning a second school into an apartment building.
Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.
Produced by: Valentina Duarte
Managing Producer: Beatriz Bajuelos
Camera: Malhari Media
Editor: Dennis Donovan
Animator: Elham Ataeiazar
Additional Footage: Adam Colucci
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Renovating A $100K Abandoned High School Into Apartments | Unlocked

Пікірлер: 1 700
@XoLiTlz
@XoLiTlz Жыл бұрын
$100,000 is not a small sum, but when compared to the massive cost of $3.3 million to renovate, it's almost as if they acquired the building for free. Mad respect for investing to revitalize the community.
@joshg72826
@joshg72826 Жыл бұрын
Yeah. This is why its actually not uncommon to see commercial listings for 1$. It's all the renovations/zoning/taxes that get ya.
@kcanded
@kcanded 11 ай бұрын
You can barely buy a house for that amount! Actually nowadays that's more like the down payment!
@thehippie3610
@thehippie3610 8 ай бұрын
They probably leveraged the income against the loan. "Project income for 27 rooms is X million."
@felipenunez2058
@felipenunez2058 8 ай бұрын
They make about 500k a year with rent. In about 7 years they would have pay for the renovation. After that is all good profit.
@sevenhenson3926
@sevenhenson3926 7 ай бұрын
100k can't get me a car in my country 😂
@biscaynesupercars
@biscaynesupercars Жыл бұрын
Its so many abandoned buildings around the country and I’ve always wondered why this isn’t done more
@vladrazym9955
@vladrazym9955 Жыл бұрын
Because it doesn't make financial sense in most cases and might be hard to change zoning
@be4unvme
@be4unvme Жыл бұрын
Sometimes it's cheaper to bulldoze the building and build a new residential one. Here in NYC office buildings are being considered to convert to residential but office space is going for 10k-100k a month to then rent apartments for about 5k. Don't make financial sense.
@NPAMike
@NPAMike Жыл бұрын
Industrial buildings especially old ones if you start opening up walls and paint you might find lead, asbestos so thats a huge added cost. Also these building are not very well insulated for residential use. But the biggest cost would have to be plumbing. Its not cheap to run basically all new piping to account for additional bathrooms and kitchens.
@The6Foot4Asian
@The6Foot4Asian Жыл бұрын
Commercial/industrial to residential poses a challenge due to how they’re built. In a RES, every unit needs a bathroom, which comes with plumbing connections. In offices and INDUS, these facilities tend to be large and centralized in the building. This expense might so great that it’s more financially sound to knock the whole thing down and build something from scratch.
@VirgoThruAndThru
@VirgoThruAndThru Жыл бұрын
I have always said a city should have around 90% occupancy before new buildings/houses can be built. There should be government incentives. I live in California and it seems as if they are covering every square INCH of land with some type of building while abandoned buildings just sit.
@sch-corp
@sch-corp 11 ай бұрын
This is super cool, so good to see a heritage building like this get reused and not just demolished. But I have to question, how does such a big school come to be abandoned in the first place.
@jonathanradut2595
@jonathanradut2595 11 ай бұрын
It might have been a private school that closed due to lack of resources or they moved the school to a new larger building.
@jayfielding1333
@jayfielding1333 11 ай бұрын
Changing demographics? Some schools become unnecessary as populations change.
@tiawilliams5690
@tiawilliams5690 11 ай бұрын
Population loss probably meant there was no longer a need for such large schools. Or they did a cost benefit analysis and decided it was cheaper to build new than renovate. My old university restored an old historic high school that it had been using for classes. The renovations meant it could no longer be used as a school because having it meet code would've resulted in increased costs and demolishing many of the historical features. They use it as an office building.
@virgoqt13
@virgoqt13 11 ай бұрын
the schools run out of money to stay open. A lot of these public schools in PA are in massive amounts of debt.
@austincde
@austincde 11 ай бұрын
All the money went to the local police departments instead of schools
@xthatwhiteguyx
@xthatwhiteguyx 27 күн бұрын
I am so ridiculously jealous of people who have the financial means to do things like this. I'd love to renovate old buildings into modern-use commercial and residential properties.
@sidehustlevikki1066
@sidehustlevikki1066 Жыл бұрын
This is a wonderful renovation. I really like that they kept as much of the old structure and elements as possible rather than tearing it down and starting from scratch. We need more developers like this! So many vacant buildings that are just sitting and rotting
@karinamartinez9441
@karinamartinez9441 Жыл бұрын
Exactly what I was going to say!!!
@donotsupportterroristgroups
@donotsupportterroristgroups Жыл бұрын
It's a historical building, they would not have been granted permission to knock it down.
@lynda.grace.14
@lynda.grace.14 Жыл бұрын
Those who have the imagination and know-how to develop housing in this way need more backing from government in terms of permits, grants and reduced taxes in order to maximize the benefits to the community.
@BloodyHowl69
@BloodyHowl69 11 ай бұрын
costs too much to renovoate existing structures, much easier nowadays to start from scratch
@stonewal316
@stonewal316 25 күн бұрын
Its cheaper to keep parts plus historical tax breaks.
@kay203
@kay203 Жыл бұрын
we need more developers like this given the demise of office buildings and abandoned buildings
@ADM-wt9cn
@ADM-wt9cn Жыл бұрын
Totally!! Every generation does the same thing, builds new buildings to there current style and design. Instead of building a new one, fix and old one! Hopefully PA gave them a huge tax credit/break for doing so. Way more character in this build than most!
@rockhills
@rockhills Жыл бұрын
I was wondering about this and the reason some or a lot of office buildings like high rises can't be converted is it's ridiculously cost prohibitive to add bathroom and kitchen infrastructures to a building. If you think about an apartment building, the bathrooms and kitchens are stacked one on top on another because of the plumbing. But in a office space, on one floor you might have two bathrooms, so adding that extra plumbing for multiple units is what kills the deal. Also, a lot of times in an office building the distance from the edge of the building to the center limits what you can do. If you add bedrooms you'll be limited on where in that floor footprint you can place them because they need egress. These guys did an amazing job though. Amazing actually!
@ayannahendricks6266
@ayannahendricks6266 Жыл бұрын
Do we really? Guarantee these apts are not affordable for moderate or lower income people.
@TheRDG215
@TheRDG215 Жыл бұрын
Nope they pumped 3.3 million into the building then the rent to them start at about 1,500 for a 1 bedroom
@user-tk3zl5kp5k
@user-tk3zl5kp5k Жыл бұрын
Yes and No, Yes because instead of an abandon building just sitting there and making the area look bad, you then have them fix it up and make the area start to look nice again. No because 1400-1600 is still a lot for most people. People who buy up property want to always act like they are doing the community a favor because they remodel the place up, when in all reality they are the ones who push up all the prices
@AKIRA-we4hd
@AKIRA-we4hd 11 ай бұрын
they did a wonderful job! the common room, AKA auditorium is so cosy and beautiful. I would totally love to live there!
@Allaiya.
@Allaiya. Жыл бұрын
I love old buildings. They’re just beautiful. The design and architecture just isn’t the same for modern ones. I hope they are successful and able to save & refresh more older buildings.
@IamSnowbird
@IamSnowbird Жыл бұрын
As a retired teacher I would love to live in an old school. I love that you left the chalkboard.
@ntatenarin
@ntatenarin Жыл бұрын
Me, too! There is an abandoned elementary school in Chicago that was renovated into an apartment complex. I would go online and see pics of some rooms with the school logo on the floor (it was built over the gym floor), some rooms having the chalkboards that were used, etc. Maybe one day!
@UhhhhhnooOOo00oO
@UhhhhhnooOOo00oO Жыл бұрын
Ask why this building and the one across is abandoned. You should be disgusted as a former teacher. They swoop in for profit after the neighborhoods and the schools were screwed.
@IamSnowbird
@IamSnowbird Жыл бұрын
@@UhhhhhnooOOo00oO Why were these buildings abandoned? I need more info to respond to you.
@user-ut2it9hl5d
@user-ut2it9hl5d Жыл бұрын
@@UhhhhhnooOOo00oO whats your own solution , theyre revitalizing the neighborhood, that property now pays taxes. empty property pays no taxes especially former schools and church
@UhhhhhnooOOo00oO
@UhhhhhnooOOo00oO Жыл бұрын
@snowbird You should research it. I agree. You require more information. That was part of my point and not the entirety.
@gemstonesparkle7915
@gemstonesparkle7915 Жыл бұрын
So inspiring, both buildings look amazing, and have architectural features of a time that it’s not often found anymore.
@siphokazileratomalinga2969
@siphokazileratomalinga2969 11 ай бұрын
The architectural features are amazing❤
@4731Reallymred
@4731Reallymred Жыл бұрын
What an inspiration. My name is Lory Marowelli and I am a retired railroader. After years of traveling I wanted to put down roots and bought a 14,000 sq ft old schoolhouse in Pittsford Michigan. It’s absolutely a labor of love. It’s been a very hard road account of me doing all the work myself and self funding. I’ve just recently applied for grants. I’ve also hired a grant writer to help me register with the historical society in Michigan. My building is registered to be an event hall and coffee shop. I wish I knew so much more about the big ticket items such as: carpentry, electrical, plumbing and hvac. Like yours, the community is so happy that I’m doing something with this 20+ years abandoned building. It’s a slow but steady progress for me. I had no idea what a monstrosity project this would be but I’m still happiest in this space knowing what the end result will be. Much luck to you and thank you all for sharing your story. Once again, quite an inspiration😊
@mikeyweaselwhipper3074
@mikeyweaselwhipper3074 11 ай бұрын
lori, that's a beautiful, inspiring story. i wish you all the luck w/your ongoing project 🙏
@akshayverma5429
@akshayverma5429 11 ай бұрын
That's so cool, I hope it all works out and hopefully could see what the results will be like. You are an inspiration too, Good luck!
@seanlovejoy7709
@seanlovejoy7709 9 ай бұрын
I live in HUDSON MICHIGAN !! Not far I really am interested in this to and I would love to help if you need it I’m 17 and wanna do this stuff when I’m older
@jpendowski7503
@jpendowski7503 7 ай бұрын
An inspiring story of restoration.
@marowelli5466
@marowelli5466 6 ай бұрын
@@seanlovejoy7709 Feel free to stop by the old schoolhouse on so. Pittsford Road. Just south of m34. It’s been a slow road but it’s been constant.
@jreese8284
@jreese8284 11 ай бұрын
How delightful to re-use these lovely old buildings! Beautiful!
@aic0809
@aic0809 Жыл бұрын
I lived in an old high school that was renovated into apartments. The developers did a great job of incorporating the building’s history into its current esthetic. It was really cool!
@najadiorr2501
@najadiorr2501 Жыл бұрын
Same here in fwtx
@Ducky69247
@Ducky69247 Жыл бұрын
What's the plumbing situation like? I can imagine 90% of the renovation cost being adding plumbing and higher voltage electrical to every housing unit, considering not every classroom had sinks/toilets/showers/washer/dryer
@Nehmi
@Nehmi Жыл бұрын
@@najadiorr2501 in SoDo (South of Downtown)?
@najadiorr2501
@najadiorr2501 Жыл бұрын
@@Nehmi yeahh
@brentdobson5264
@brentdobson5264 Жыл бұрын
A really beautiful job done here who wouldn't want to live in one of these apartments . Impressively consistent character with each design choice . It all works beautifully .
@bisket2003
@bisket2003 Жыл бұрын
44,200 a month intake on full tennants. Only 77 months and it's made its money back. Fantastic stuff. Save these stellar old buildings!
@jazzarito
@jazzarito Жыл бұрын
They have active expenses included as well... they don't keep all of that money every month.
@TrainsFerriesFeet
@TrainsFerriesFeet Жыл бұрын
You're forgetting about servicing the debt, salaries, upkeep, etc.
@stephenweewoo
@stephenweewoo Жыл бұрын
That is 100% not how it works
@Rudenbehr
@Rudenbehr Жыл бұрын
someone did NOT do well in high school math class!!
@gabiesanchez8943
@gabiesanchez8943 Жыл бұрын
Taxes and overheads means that they will fully repay the loans in about 8-12 years. That's the payback period for most real estate projects.
@Allaiya.
@Allaiya. Жыл бұрын
Love this idea! Especially as it saves a rather beautiful building & is unique! Most new apartments are boring rectangles that they call “modern architecture”. I had this idea for malls as well. Why don’t they convert it and then the interior walkways could be common grounds for games or little coffee shops/convenience stores.
@kiraph
@kiraph 11 ай бұрын
kzfaq.info/get/bejne/ftN8Zc9ex8nZhYU.html it has been done! Should be done more often.
@jan_v_ier
@jan_v_ier 9 ай бұрын
i think that would be even more expensive cause the form of a mall does not fit residential requirements.
@Noodlepunk
@Noodlepunk 6 ай бұрын
That would be a good idea. Have the apartments then rent out business in the bottom portion. Like salons and barber shops, coffe/cafe etc. Maybe some of the residents would get a discount if they provided a service to the residents. Also a gym and maybe a small shopping place for essentials.
@sueregan2782
@sueregan2782 6 ай бұрын
@@NoodlepunkI saw something like that a couple years ago, in a big city. The upstate’s was converted to small one bedroom flats, with no real kitchen, but a fridge and microwave plus sink shared by bathroom and cooking area. Kind of like an office with a sleeping area. It is used for commuters to have someplace to crash and or do minor computer production or one on one business meetings while in the city during the week, then off to their large single family home weekends and holidays.
@MrStrikecentral
@MrStrikecentral 7 ай бұрын
$1400 a month for a 1 bedroom apartment?! That's insane!
@flawlix
@flawlix 7 ай бұрын
Right?! That’s like $1200 less than a similarly sized 1 bedroom where I live. So cheap
@TrackerRoo
@TrackerRoo 2 ай бұрын
@@flawlixWe paid 750 a month to rent a house ten years ago. 2,600 for a one bedroom is highway robbery.
@drew9738
@drew9738 Ай бұрын
You can’t rent anything in Phoenix under $1000. That’s a average price here.
@JESUSISLORDforever888
@JESUSISLORDforever888 Ай бұрын
@@drew9738 Same here in Hawaii. $1300/mo studio.
@supingwu1251
@supingwu1251 Ай бұрын
​@flawlix Singapore 🇸🇬 More Expensive Than Yr States 1400 USD U want this Types of Apartment Not Where as Gd as This Price U can Look at My Country Condo too Expensive Here
@jacquelinemoshref3788
@jacquelinemoshref3788 Жыл бұрын
I LOVE vintage buildings! These renovations look fabulous…great modern look to the interiors while maintaining some of he original details. Can’t wait to see the Schwab building when it’s done. Kudos for saving these pieces of history!!!
@YouCanCallMeChrys
@YouCanCallMeChrys Жыл бұрын
I love that they left the chalkboards and how high the ceilings are! Plus I think the rent price is really good to include washer/dryer and amenities. As long as they keep the building full occupancy it should pay off the mortgage. It will take some time but this will be a really good investment for their future.
@francesjolly5106
@francesjolly5106 Жыл бұрын
Keep history invest in this
@reneedennis2011
@reneedennis2011 Жыл бұрын
I agree.
@mrs.onyango6504
@mrs.onyango6504 Жыл бұрын
Is this for low/middle income housing or UPPER income people housing?????
@fernandoaponte4149
@fernandoaponte4149 Жыл бұрын
​@@mrs.onyango6504I would say 1400 a month for a 1 bedroom is pretty high. Unless gas and electric are included in the price. Should probably be making 60k to 70k.
@drewdorkhead
@drewdorkhead 11 ай бұрын
​@@fernandoaponte4149 60k is around the average income for Pittsburgh, also 1400 a month with all those amenities and the sq footage is quite fair
@christinaburney5935
@christinaburney5935 7 ай бұрын
I really do love this idea. I also think they should turn all the structurally sound abandoned malls into apartments too. You can fit low income apartments, and large high end apartments in one of those malls with restaurants, coffee shops, and bakeries too.
@vulcan2882
@vulcan2882 11 ай бұрын
I've been saying this should be done with all the old and abandoned schools. These two buildings look GREAT !!!!!
@kgal1298
@kgal1298 Жыл бұрын
They need to do this with defunct malls next.
@VashtiPerry
@VashtiPerry Жыл бұрын
I read somewhere that malls were originally designed to be living communities
@gbb23
@gbb23 Жыл бұрын
Senior citizens homes!
@aimeem
@aimeem Жыл бұрын
Malls don't start out with gorgeous architecture, so it would be much harder
@debracisneroshhp2827
@debracisneroshhp2827 Жыл бұрын
@@aimeem , Very few 'new' apartment buildings have "gorgeous architecture", and malls can easily be converted into housing for homeless populations__so, why not?!
@nogames8982
@nogames8982 Жыл бұрын
@@aimeem I agree. Plus malls usually don't have any windows. So it would probably be more expensive. But they still have to find a use for the mall of some sort. I don't know what it would be but something.
@niamoore84
@niamoore84 Жыл бұрын
This is a great idea and the tenants are lucky to live there. Atlanta has a couple of schools that were converted to lofts and they run about 2400 for a studio 😮
@thunderb00m
@thunderb00m Жыл бұрын
2400 a studio in Atlanta !? Crazy that this is the new normal
@marcwilliams5051
@marcwilliams5051 Жыл бұрын
$2,400 for any apartment in too much
@aangitano
@aangitano Жыл бұрын
​@@thunderb00m exactly! It's depressing
@larss4119
@larss4119 Жыл бұрын
These apartments should be free. What a scam.
@user-ut2it9hl5d
@user-ut2it9hl5d Жыл бұрын
@@larss4119 will you work construction for free?
@patjohnson1008
@patjohnson1008 9 ай бұрын
The world needs more young people like these three gentlemen ❤ You've collectively produced housing that is reasonably priced & put a LOT of thought into design ❤❤❤
@thejquinn
@thejquinn 9 ай бұрын
$1400 for a one bedroom is not a reasonable price lol.
@tahirisaid2693
@tahirisaid2693 5 ай бұрын
I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million. One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per mnth through my super which gives me total $240,000 a yr to live comfortably. I have no debts _.._ Stay Motivated!!
@tahirisaid2693
@tahirisaid2693 5 ай бұрын
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner.|-|.
@franciscat.2269
@franciscat.2269 5 ай бұрын
Scam alert
@JJenvy
@JJenvy Жыл бұрын
I hope they keep the lettering of the class subjects on the doors! That would be so unique to that location! I love this!
@maksatosmon
@maksatosmon Жыл бұрын
Pittsburgh is growing slowly but steadily, I’ve been living here since 2017 and have seen tons of renovations. Keep it up guys!
@momof2momof2
@momof2momof2 9 ай бұрын
That's what they did to my old elementary school. It was so old my Dad who was born in the 1920s went there . Wonderful that you are doing this !
@tanyaraven9492
@tanyaraven9492 Жыл бұрын
I remember drooling over abandoned schools and churches at online sites about 14 years ago. I envisioned exactly what you fellows have accomplished here. My hat's off to you for a project well-done and another (the Schwab school) nearing completion. Your projects are gorgeous. Guess it helped that you started out with a couple of awesome sites. Sure hope you'll be posting future projects for me to admire. Thanks!!
@noazucar519
@noazucar519 Жыл бұрын
Nice to see local investors reinvesting in their own communities :)
@reneedennis2011
@reneedennis2011 Жыл бұрын
I agree.
@savagesfortruth
@savagesfortruth Жыл бұрын
My kind of person
@Jijohann
@Jijohann Жыл бұрын
This is so amazingly well thought and done. I can only imagine all the potential in an abandoned school. These abandoned buildings (sometimes historical) just need great minds to do a makeover. Good job
@rachelpeugh82
@rachelpeugh82 8 ай бұрын
What a cool place to live; so much history, character and unique details! I love that the school is getting used and not just demolished! I hope more people start doing this across the country.
@stillwaters4097
@stillwaters4097 Жыл бұрын
I love this. I wish more people had this type of ambition. There are so many building just waiting to refurbished and repurposed.
@unknown70000
@unknown70000 11 ай бұрын
a lot of the public schools have shut down because of lack of funding in Pa, I've done construction work in 2 school to apartment conversions. There's plenty more around this is happening to
@aldralee
@aldralee Жыл бұрын
This is so impressive! The design is gorgeous. Standing ovation, gents!
@eattherich9215
@eattherich9215 11 ай бұрын
The trio have saved a beautiful building from complete ruin, but I question some of their design choices and $1,400 per month for a small one bed is a lot of rent.
@RebeccaJeffersonOAC
@RebeccaJeffersonOAC 4 ай бұрын
I would've agreed too, except this building has common spaces, a gym, and washer/dryers in the rooms. My husband was paying this in the DMV for an apt with his brother before he married me, and they didn't even have a washer/dryer in the room and no interior common spaces. You get a lot packed in this apt for the price
@patrickd9551
@patrickd9551 4 ай бұрын
Gotta milk those renters quick before the housing bubble is going to burst. Again! You would have thought we've learned from 2008, but apparently not.
@TheRealAudioDidact
@TheRealAudioDidact Жыл бұрын
I have 40 units in Texas and let me say THIS is my next goal. I want to take a midrise building and do commercial-to-residential conversion. The main struggle in this is combining the cash with the know-how. It looks like this 3-person team has their head on straight! More power to you guys!
@MAuroraCharvat
@MAuroraCharvat Жыл бұрын
I love the renovating and preserving instead of tearing it down goal of these gifted young men.
@irumf155
@irumf155 10 ай бұрын
Amazing job. These gentlemen should be commended for taking forgotten spaces that are hazardous into making them safe and livable. There was a gorgeous abandoned high school in our area and eventually it was tore down. I wish cities would give people like these guys more incentives to change these spaces.
@BabiiGhoul
@BabiiGhoul 9 ай бұрын
$1400 for a one bedroom is absolutely wild
@andrewvisloski208
@andrewvisloski208 5 ай бұрын
Think about it tho, these tenets have access to a common space, a ton of off street parking, and a gym and storage in the gym. They all have separate laundry, And then the second building has a common area, indoor parking, and gonna have a rooftop lounge above the garage. 1400 a month when you have those luxury’s are honestly worth it. There are places around Pittsburgh that charge 1400 a month and all you have is a bed room, bathroom, maybe separate laundry rooms, kitchen and a living room with maybe off street parking. They could be charging more
@Play4Vida
@Play4Vida 28 күн бұрын
​@@andrewvisloski208 never read such brainwashed nonsense in my life.
@Angelica71771
@Angelica71771 Жыл бұрын
I love when people renovate old buildings. Beautiful job!
@dawnu132
@dawnu132 Жыл бұрын
Well done guys, you are not only saving these beautiful buildings but also the original features as well. Love what you do.
@Krystal_Kitty7
@Krystal_Kitty7 Жыл бұрын
This is the coolest reno I've seen in a while I absolutely love it!! Amazing job 👏
@cleme2558
@cleme2558 11 ай бұрын
A school in Ohio had this done many years ago! Finally others are stepping up to do the same!
@forestr5808
@forestr5808 3 ай бұрын
I wonder if you're talking about The Brick Lofts at Historic West Tech High School? My son lived there with a couple of friends. It's surrounded by a really bad neighborhood and the security is nil. They rent to anyone and management is terrible. While parts look nice, a lot of the renovations were done in a half-assed way. It's really a shame because it's a beautiful building. Very glad he's out of there. Edit: Oof, just noticed I responded to a 8-month-old post. 😅
@jameswashington4493
@jameswashington4493 11 ай бұрын
Awesome design, guys! I have been thinking about doing the same thing to a building I found. However, I am not as solvent as you guys and not so sure if I'd be able to pull it off. You guys did a wonderful job of repurposing these buildings and preserving their original artistry. I Love it!
@MegaSickcat
@MegaSickcat Жыл бұрын
Kudos to you three for doing this renovation! The apartments are really cozy and keeping so much of the old school is a brilliant idea! Good luck in the future.
@kerlyn3582
@kerlyn3582 11 ай бұрын
What an amazing, tasteful and sympathetic restoration ... well done, it is wonderful when people are brave and take on these projects of urban renewal ... you guys are visionaries
@dear_darling
@dear_darling Жыл бұрын
You couldn’t even afford to build a building like this these days for anything reasonable. These guys did a great job with this project. Beautiful
@jer1776
@jer1776 9 ай бұрын
Always makes me sad when I see abandoned buildings left to rot while people pay 80% of their income on rent or live on the street.. Love what these guys have done
@barriath8841
@barriath8841 7 ай бұрын
The problem is that even if you decide to buy an abandoned house, you end up with a challenge in keeping the costs in check. First your loan payments, then the renovation costs and if it is not close to your work, travel costs. On that part, if you are unlucky you also need to consider selling everything if you don't manage to get a good enough paid job to keep up with your costs. Rent in that matter is easier to deal with since you would just move away. Sadly the Real Esate situation is just horendous currently. It is a wonder in itself that anyone sold those two buildings for only about 200k. But that also means that something is with its location, either too low of a population or unappealing work etc.
@John...44...
@John...44... 7 ай бұрын
These guys covered this place so that they could have 1 bed apartments rented out at 1400 a month. That isn't going to solve the homelessness
@kvasir8931
@kvasir8931 6 ай бұрын
What these guys have done is get more people to spend 80% of their income on rent
@HAlariousInc
@HAlariousInc 6 ай бұрын
Did you even watch the video kid lmao
@jaredanson
@jaredanson 5 ай бұрын
@@kvasir8931 1,400 is cheap for a 1 bedroom apartment, the average cost in the USA is now over 1,900.
@TimpossibleOne
@TimpossibleOne 11 ай бұрын
You're in a neighborhood that abandoned a high school and you set the rent well above $1000? You could probably buy a house in that neighborhood for less (per month).
@briana14333
@briana14333 Жыл бұрын
These guys had a great vision!! I love the renovation. So fresh and creative yet preserves the architectural charm. Well done ✨
@juneosborne3256
@juneosborne3256 Жыл бұрын
Love it! So nice to see these beautiful old buildings restored and brought back to life instead of being torn down. Great job!
@marylhere
@marylhere Жыл бұрын
I used an abandoned Catholic School in Bloomfield, PA and used one room….the square footage was massive. One large room and two clock room areas….each large enough for a kitchen or a bathroom. It was used as movie sets during the late 80s and was then torn down. It would have been excellent housing. Why the budget for housing doesn’t rely on government owned building to be restored. My elementary school is now an assistive living facility. Unfortunately most are made into high end luxury apartments.
@lorenbass
@lorenbass Жыл бұрын
Awesome episode! I love when people convert buildings to apartments. Feature more stories like this please. It's inspiring
@reneedennis2011
@reneedennis2011 Жыл бұрын
I agree!
@aesaudio
@aesaudio Жыл бұрын
The laugh at 4:49 😂😂😂 so pure
@dennisromero4757
@dennisromero4757 11 ай бұрын
I wish you all well, what you have done is not short of amazing. For a community to see their High School again in all it's glory, then you can live in it, well if you had any school spirit at all, it's really cool. Not to mention the gym (with a basketball court), and the auditorium as a common area. Good for you guys, a great for your community.
@nogames8982
@nogames8982 Жыл бұрын
I absolutely love this. I love old buildings and old architecture. New buildings have no character at all. I like that they have tried to keep as much of the character as possible. This is what towns need to do when they try to revitalize. Rather than just tearing everything down and putting up new buildings.
@Chrissieb.rackett
@Chrissieb.rackett Жыл бұрын
This is a gorgeous renovation. Incredible job with maintaining the history of the building!! I would absolutely live in one of these apartments. Seems look a really good deal to me!!
@hidden-expose
@hidden-expose Жыл бұрын
Great idea and execution. My hope is that they maintain and upkeep the property. As an apartment renter myself I've seen many beautiful buildings slowly decay away because of tenants and lack of maintenance/upkeep. Many focus on the exterior with landscaping or the main office area which usually looks immaculate but then let the units themselves grow mold, bugs, etc.
@fredrika27
@fredrika27 4 ай бұрын
What concerns me is that the rents are very high, meaning most average people with a salary of $41,000 can't afford to live there. Because of high rents and the fact they only built mostly single bedrooms, I hope there is a need for such housing for seniors, Gen Ys and and Zs.
@samsmom1491
@samsmom1491 Жыл бұрын
What a great use of an existing building. This prevented the razing of yet another historical structure and provides housing for a decent price. You three are an inspiration.
@bhekanimemela134
@bhekanimemela134 Жыл бұрын
very impressive, it is worth every penny, I like how everything was converted, and the old, doomed building was brought back to life. well done guys.
@HaunaniPao
@HaunaniPao Жыл бұрын
Wonderful wonderful contribution to the community and beautiful too. This is the types of projects we need for people to live and thrive.
@dre.supreme
@dre.supreme Жыл бұрын
Such a cool project! Love the preservation of the classical buildings. And yes Residential is always the way to go especially with the nationwide housing issue. Congrats guys!
@hannahprimozic
@hannahprimozic 11 ай бұрын
I love that it’s a team of 3 guys who have a personal connection to the area heading this project! Looks so cool!
@Allaiya.
@Allaiya. Жыл бұрын
Would love to see more stories like this. Investors helping in their local communities. My dads cousin is a house flipper. He mainly fixes up old houses in the community and then sells them.
@thinde88
@thinde88 Жыл бұрын
Thank you so much for keeping that basketball shot in the video. I loved the confidence going in.
@aprilsmith5714
@aprilsmith5714 Жыл бұрын
I hope more people see this and do it... a hospital or school should never be wasted and torn down.... even malls. A beautiful job. I want to stay here!!!❤❤❤
@geoffhoutman1557
@geoffhoutman1557 9 ай бұрын
Perfect renovation. Keep the most beautiful parts, do what you like in the private spaces. I hope these three profit out of this and do more of them. World class work. Bravo!
@BriSouth
@BriSouth 8 ай бұрын
Awesome job guys! It takes so much vision and faith to transform those buildings into such amazing apartments and help revitalize the community. On behalf of all humans, thank you for your uncommon efforts!
@ashleychase9759
@ashleychase9759 Жыл бұрын
THIS IS ONE OF THE MOST IMPRESSIVE BUILDING RENOVATIONS I'VE EVER SEEN.......SIMPLY OUTSTANDING. YOU THREE GUYS DESERVE AN AWARD!!!!!!!!!!
@Lantanana
@Lantanana Жыл бұрын
I love the wide hallways and staircases! Those apartments are way better than anything I ever lived in!
@Mike__B
@Mike__B 11 ай бұрын
Definitely looks to have some serious community vibes for those who live there, lots of usable space. I will say that those really high ceilings do look quite out of place for relatively small apartments though, but what are you going to do? While you could lower them with a floating ceiling it would really look out of place.
@melissamccarthy5785
@melissamccarthy5785 11 ай бұрын
It is an absolutely beautiful space! Here is the HONEST truth though. We do NOT need more apartments like this. What we need is AFFORDABLE housing. Smh 🙄
@gew9487
@gew9487 7 ай бұрын
So glad this beautiful old building being saved. Too many beautiful old homes and buildings being torn down. Thankful these gentlemen undertook this renovation!!❤👍👍😊
@CoasterExpert13
@CoasterExpert13 Жыл бұрын
Nice to see things like this, especially in my own city! I was the last graduating class (2004) of my high school South Vo-Tech which has now been converted to apartments as well. This makes me want to live in one now lol
@JuMiMi86
@JuMiMi86 Жыл бұрын
I'd definitely do this if I had the funds. Wonderful work.
@davep3768
@davep3768 Жыл бұрын
Outstanding and amazing repurposing . This is what more people should do with such buildings, instead of tearing them down. Granted, not everyone has the means, but it is refreshing to see young entrepreneurs taking the bull by the horns and revitalizing a neighborhood
@jekku4688
@jekku4688 Жыл бұрын
Would LOVE to live in this place, love when these old buildings and factories are turned into beautiful living arrangements! I love (esp. at the Schwab School) that they kept the original concrete floors; this means the units will be MUCH more quiet insofar as tenant noise between floors. As a life long renter, there is nothing that ruins a great apartment more than noisy neighbors (even if they're not trying to be noisy). The chalkboard wall also looks amazing - and great for notes! Really fantastic stuff. Sure wish someone could do something like this in my neck of the woods.
@32446
@32446 11 ай бұрын
Love how they kept the integrity of the building. Good work!!
@AlanSmith88888
@AlanSmith88888 Жыл бұрын
Unique place to live. Very high ceilings and alot of communal space.
@blk1735
@blk1735 Жыл бұрын
The communal space is great! It allows people to get to know each other and feels like a community.
@ellasabe6377
@ellasabe6377 4 ай бұрын
EXCELLENT! This is what we need more: proactive young people with fresh ideas! This is so beautiful: not just the renovated structure itself, but the love and care they're putting into the community. Hats off to these genetlemen!
@kailau216
@kailau216 7 ай бұрын
i love adaptive reuse projects, these old buildings have great bones and deserve to live on and have the community continue to benefit from them! great work!
@justteresiah
@justteresiah Жыл бұрын
I'm hoping for a tour of the new school once they are done
@jpaleas
@jpaleas 11 ай бұрын
Congrats gentlemen! Beautiful renovations! Wishing you all the best !
@nessakay02
@nessakay02 9 ай бұрын
Wow ❤ This should be done more often. Round of applause for taking on such a big project 👏🏽 👏🏽 👏🏽
@xAA7
@xAA7 6 ай бұрын
I'd live here, so thoughtfully designed and historic.
@kiwigirljacks
@kiwigirljacks 11 ай бұрын
3 million for that renovation!? That’s incredible! Just an average 3 bedroom home where I live is around 1million to buy. And you got all those apartments. Amazing!
@Angela-hl5hf
@Angela-hl5hf Жыл бұрын
Awesome job guys, congrats!!
@Eric_Casteel
@Eric_Casteel Жыл бұрын
These places are beautiful. You guys NAILED it! I work as Talent Acquisition Specialist for a commercial/federal construction company. I live in Virginia Beach. Federal construction on base is a big market here because of all the local military bases.
@tamahtaylor348
@tamahtaylor348 Жыл бұрын
I love everything about this. I wish more buildings were done like this.
@maurreese
@maurreese Жыл бұрын
Great job and congratulations to them and their team!!! Absolutely stunning work!!
@Mathew-bp5bm
@Mathew-bp5bm Жыл бұрын
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
@nathanjane7729
@nathanjane7729 Жыл бұрын
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@nathanjane7729
@nathanjane7729 Жыл бұрын
Jackson Sten Marsh is the coach that guides, you probably might've come across he before I found him through a Newsweek report, he's quite known in he field, look-him up.
@emilysmith5287
@emilysmith5287 Жыл бұрын
thanks for sharing this, I googled the man you mentioned and after going through him resume, I can tell he's a pro. I wrote him and I'm waiting on his reply.
@vernonmontoya2449
@vernonmontoya2449 9 ай бұрын
Nice to see old buildings put to use. Something similar was done at my hometown (Quincy, Mass) where many of the old schools became apartments/condos
@mariastellamelendez8670
@mariastellamelendez8670 Жыл бұрын
Renovating an old school into residential spaces is such a cool way to save a historic building. A friend of mine bought a condo in a converted school. It was great. she love the character of it.
@ambition112
@ambition112 7 ай бұрын
0:01: 💼 The building was vacant for about 10 years before being purchased. 1:03: One-bedroom apartments rent for $1,400 a month, while two-bedroom apartments rent for $1,600 a month. 3:11: 🏢 The video discusses the challenges faced during the renovation of Bow Tie High, including funding issues and underestimating costs. 4:01: The renovation included restoring the original auditorium and gymnasium. 6:11: 🏫 The Schwab School is a challenging construction project with 33 apartments and various amenities. 6:15: The Schwab School is in worse condition compared to Bowtie High. 7:06: The units in the Schwab School have original features like high ceilings and concrete floors. Recap by Tammy AI
6 ай бұрын
the rent sounds low as i hear greedy landlords charge 3k a month and rising all the time
@larecashon6759
@larecashon6759 4 ай бұрын
Thanks!
@j.wilkerson1905
@j.wilkerson1905 Жыл бұрын
I love the re-use of spaces and keeping the history intact. Good for these guys, because I'm not sure too many investors would take this risk?
@OuchMyNardz
@OuchMyNardz 8 ай бұрын
Hats off to these guys. This is outstanding.
@kbdefay
@kbdefay Жыл бұрын
So much character in these old buildings. Thank you for doing these ol' ladies justice.
@jacegainer3841
@jacegainer3841 Жыл бұрын
Paying 1400 for a one bedroom is still wild to me .
@harashe1000
@harashe1000 Жыл бұрын
I feel brainwashed because 1400 would be an absolute steal in my area. Haven’t seen studios under 1800 - 2k in a while
@PFBM86
@PFBM86 Жыл бұрын
Especially in Homestead LMAO
@Gilotopia
@Gilotopia Жыл бұрын
@@PFBM86 So homestead has a population of roughly 3000 people. Who si renting these?
@Brownie.-
@Brownie.- Жыл бұрын
I’m able to rent a whole house for the same out here.
@closeredge5198
@closeredge5198 Жыл бұрын
@Gilotopia Good question...I'm guessing health or technical workers coming from outside the area
@alyssabarr4568
@alyssabarr4568 Жыл бұрын
What an incredible transformation! It's wonderful to see a building like that given new life, especially as an apartment building. Like they said in the video there are other more "trendy" areas to invest in in Pittsburgh, but there's nothing more rewarding than investing in your own community.
@kittimcconnell2633
@kittimcconnell2633 9 ай бұрын
GORGEOUS!!! Brilliantly done and beautiful as well. A boon to the community.
@cindyrogers107
@cindyrogers107 11 ай бұрын
Thank you so much for your vision, great job. So glad the apartments are affordable.
@morgan97475
@morgan97475 11 ай бұрын
Very cool to see this sort of renovation project. I'd think those rooms with 14-ft ceilings could accommodate small loft spaces (sleeping area/ library).
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