Gwynedd Mercy University and Saint Charles Borromeo Seminary recently signed an agreement of sale that will allow the seminary to relocate to GMercyU’s campus.
The sale, which will not be finalized until the end of separate due diligence and approval periods, includes approximately 15 acres on the northern border of GMercyU’s campus and two existing buildings.
Both institutions expressed their gratitude to the Maguire Foundation for a $3 million gift to Gwynedd Mercy University that will be supplemental to the $10 million purchase price by the seminary.
“We anticipate being able to welcome our community to its new home for the 2024-25 academic year,” said Bishop Timothy C. Senior, the seminary’s rector.
The seminary campus was sold to Main Line Health in May 2019. In late 2020, the seminary signed a letter of intent with Gwynedd Mercy University to explore the possibility of purchasing a portion of the Gwynedd Valley property.
The university and seminary will remain two separate and distinct institutions. Each will continue to maintain its own governance structure, academic freedom, and ability to offer programming consistent with their missions and core values.
The seminary’s plans call for the construction of a new chapel and student life center, which will include a refectory, classrooms, library, administrative offices, fitness center and additional housing for seminarians and resident faculty.
GMercyU’s residential housing and Campus Ministry functions will be transitioned to other areas of campus.