Report: $1.2m sale of St. Bridget School property finalized

 The sale reportedly consisted of two vacant buildings totaling more than 25,000 square feet and an adjacent lot for parking. (NewsWorks, file art)

The sale reportedly consisted of two vacant buildings totaling more than 25,000 square feet and an adjacent lot for parking. (NewsWorks, file art)

The Philadelphia Business Journal is reporting that How Properties’ $1.2 million purchase of the St. Bridget School property has been finalized.

The developer will now proceed with converting the property into apartments, according to the report.

The parish, located between Midvale Ave. and Stanton St., announced in 2012 that it was unable to pay the expenses for the school due to a prolonged drop in enrollment.

HOW Properties plans to build a 32-apartment complex with nine units reserved for residents aged 55 years and older.

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