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Search resuls for: "Spanovich"


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☆ Look inside an abandoned high school turned $3.3 million apartment complex—and 4 more multimillion-dollar dream homes
  + stars: | 2024-10-12 | by ( Nicolas Vega Celia Fernandez Jennifer Liu | Nicolas Vega | Celia Fernandez | ) www.cnbc.com   time to read: +7 min
An abandoned baseball stadium is now a $14 million luxury apartment complexThe Stadium Lofts has 138 units and Stadium Flats, the four-building complex next door, has 144. "We designed it such that when you walked in, you felt like you were walking into a historic stadium rather than an apartment building," Watson said. They turned an old school into a 31-unit apartment building"Bowtie High" was converted into a 31-unit apartment building. After enlisting real estate investor Adam Colucci and developer Dan Spanovich, the trio bought the abandoned Bowtie High for $100,000. They embarked on an 18-month renovation beginning in 2020 to turn it into an apartment building.
Persons: Michael Potter, Michael Cox, John Watson, Cox, Watson, Alexis Zakis Jesse Wig, Adam Colucci, Dan Spanovich, Katie Tarasov, Joe Sobczak, Sobczak, Peter Bittner, Sheila Consaul's, Consaul, Rubia Daniels Organizations: CNBC, Indianapolis Indians, Sobczak, San Francisco International Airport, San Carlos Airport, SFO, U.S . Air Force, Historic Lighthouse, Washington D.C Locations: Indianapolis, Tuolumne County, Bay, Yosemite, Fairport, Ohio, Lake Erie, Washington, Headlands Beach, Italy
☆ We spent $90,000 on an abandoned school, and $4.5 million to convert it into apartments—take a look inside
  + stars: | 2023-12-02 | by ( Celia Fernandez Valentina Duarte | Celia Fernandez | Valentina Duarte | ) www.cnbc.com   time to read: +3 min
In 2019, Jesse Wig, Adam Colucci and Dan Spanovich bought an abandoned high school in Homestead, Pennslyvania. Wig, Colucci, and Spanovich went into the project with a budget of $3.2 million and, in the end, spent about $4.5 million renovating the Schwab School. The partners ended up spending about $4.5 million to renovate the Schwab School. Because Bowtie High and the Schwab School are across the street, the two are sister buildings. For now Wig, Colucci, and Spanovich don't have plans to take on another project together.
Persons: Jesse Wig, Adam Colucci, Dan Spanovich, Schwab, Charles M, Spanovich Organizations: Schwab, CNBC, Schwab Vocational School, Pittsburgh Post, Gazette, Scwab, Malhari Media Locations: Homestead, Pennslyvania, American, Pennsylvania
☆ We renovated a $90,000 abandoned school into a 33-unit apartment building — take a look inside
  + stars: | 2023-12-02 | by ( Elham Ataeiazar | Valentina Duarte | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe renovated a $90,000 abandoned school into a 33-unit apartment building — take a look insideAdam Colucci, Jesse Wig and Dan Spanovich bought a second abandoned school in Homestead, Pennsylvania for $90,000 and turned it into a 33-unit apartment building. The renovation cost about $4.5 million and took 18 months to complete. The trio's first abandoned school-turned-apartment building, Bowtie High, is located right across the street. 06:52 an hour ago
Persons: Adam Colucci, Jesse Wig, Dan Spanovich Locations: Homestead , Pennsylvania
☆ These 3 investors bought an abandoned high school for $100,000 and turned it into 31 luxury apartments. Take a look around.
  + stars: | 2023-05-21 | by ( Sam Tabahriti | Sarah Al-Arshani | ) www.businessinsider.com   time to read: 1 min
Jesse Wig, Adam Colucci, and Dan Spanovich are the investors behind the project. Adam ColucciThe project was on hold for about a year after the trio purchased the school, as they couldn't agree on what to do with the building. "We were talking to some larger tenants — a gymnastic crew, a basketball crew, renting out rooms for a recording studio," Colucci said. It took them about 18 months to complete and cost around $3.3 million, according to Wig. "The beauty of this building was worth what we paid," Colucci said.
☆ We spent $100,000 on an abandoned high school, and $3.3 million to convert it into apartments—take a look inside
  + stars: | 2023-04-25 | by ( Valentina Duarte Celia Fernandez | Valentina Duarte | Celia Fernandez | ) www.cnbc.com   time to read: +4 min
In May 2019, the trio bought the abandoned school, Bowtie High, for $100,000 and converted it into a 31-unit apartment building. Wig, Colucci, and Spanovich found a different bank and secured a $2 million mortgage, which they pay down at $12,129/month. In total, renovating the old school cost $3.3 million, an amount that the partners are still shocked by. Leasing started in October 2021 before renovations were even completedLeasing at Bowtie High started in October 2021, and within six months, the former high school had reached 100% occupancy. Bedrooms have a lot of natural light thanks to the old high school's large windows.
☆ We renovated a $100,000 abandoned high school into a 31-unit apartment building - take a look inside
  + stars: | 2023-04-25 | by ( Valentina Duarte | Elham Ataeiazar | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe renovated a $100,000 abandoned high school into a 31-unit apartment building - take a look insideMillennials 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. 08:44 Tue, Apr 25 2023 1:52 PM EDT
☆ Millennials bought an abandoned high school for $100,000 and turned it into a 31-unit apartment building—take a look inside
  + stars: | 2022-12-16 | by ( Celia Fernandez | ) www.cnbc.com   time to read: +5 min
When an abandoned high school was listed for sale in Munhall, Pennsylvania, three real estate partners saw an opportunity to completely transform the space. When an abandoned high school in Munhall, Pennsylvania, was listed for sale in 2019, Jesse Wig saw an opportunity. Dan Spanovich (left), Jesse Wig (middle), and Adam Colucci (right) bought the abandoned high school in 2019. The former high school classrooms became new, modern apartments and the auditorium turned into a shared space. The plan is for the second high school to have 33 residential units, consisting primarily of one-bedrooms and some studios.
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