Archbishop’s residence sold for $10 million
The Archdiocese of Philadelphia signed a letter of intent with St Joseph’s to acquire the 8.9-acre property and its three-storey, 23,350-square-foot mansion that has been the home of Philadelphia’s Catholic archbishops since 1935.
The property sits across Cardinal Avenue from the university’s campus along City Avenue.
“Acquiring this adjacent property presents an opportunity that will be integral to the university’s long-term strategic planning,” said St Joseph’s president, Fr Kevin Gillespie. “As we look to the future, this opens exciting possibilities for the university community, and it will further enhance our students’ experience for decades to come.”
Fr Gillespie said the university had no immediate plans for development on the property and will evaluate its possible short-term use for administrative offices.
St Joseph’s officials expect to sign the agreement of sale within the next several weeks. [more]