CMU School of Drama


Wednesday, January 29, 2014

Real estate experts say uses are limited for August Wilson Center suitors

Pittsburgh Post-Gazette: Investors might not line up to buy the August Wilson Center for African American Culture even if a former U.S. bankruptcy court judge gets the go ahead to sell it.
Interest in the Downtown property with the distinctive sailboat feature may be limited, given that it was built solely as a performing arts, exhibition and educational venue, real estate experts said Thursday.
"I don't know how big of a market there is for that kind of space," said Gerry McLaughlin, executive managing director of the Newmark Grubb Knight Frank real estate firm. "Like any single-purpose building, I've got to believe that it will not be easy to turn it into something else."

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