Duluth School Board extends Nettleton purchase agreement
The Duluth School Board voted Tuesday to extend the purchase agreement it has with Sherman Associates for the former Nettleton Elementary School.
The Minneapolis-based company made the initial agreement more than a year ago with contingencies. It’s still working on securing financing related to the conversion of historic buildings, said Kerry Leider, property and risk manager for the Duluth school district. An extension was necessary because the time the company had to carry out that financial work had expired, he said.
Sherman Associates is expected to convert the building into market-rate and affordable housing with possible community space, similar to what it has done with the former Lincoln Park Elementary School.
Nettleton, at 108 E. Sixth St. in Duluth’s Central Hillside neighborhood, has been listed for $480,000. Leider wouldn’t disclose the purchase price because the sale hasn’t closed, he said.
The school was built in 1905 and has two additions. Students moved out of the school last year and into the newly renovated Myers-Wilkins Elementary this year as part of the district’s $315 million long-range consolidation and construction plan. Schools remaining to be sold as part of that project include the former Central High School, Secondary Technical Center, Morgan Park Middle School and Rockridge Elementary.