Detroit Public Schools (DPS) has listed 24 of its vacant school buildings for sale, ranging from 18,000 to 321,000 square feet. The properties can be viewed on the DPS real estate website along with parcel ID, year of construction, acreage, and square footage. Since 2005, DPS has been leasing and selling land and has made more than $12 million from vacant property sales since March 2009.
The real estate website has a link to a document outlining proper reuses and examples of school building redevelopment, including an elementary school in Duluth, Minnesota converted into rental housing and a school in Flint, Michigan redeveloped as a senior housing complex. According to the National Apartment Association, schools-turned-apartment complexes is a growing trend and may even capture funding from various sources such as the U.S. Department of Housing and Urban Development (HUD) and state and local sources.
What would you like to see developed in buildings like Cooley High School and Kettering High School?
By Jared Hoffman
Research Associate, JMJ Phillip Group