SJU, Archdiocese Sign Letter of Intent for Purchase of the Cardinal’s Residence

Story Highlights

  • SJU to aquire 8.9-acre property from Archdiocese.
  • $10M purchase agreement to be signed in several weeks.

Friday, September 7, 2012

PHILADELPHIA (September 7, 2012) - Saint Joseph’s University announced today that it has signed a letter of intent with the Archdiocese of Philadelphia to acquire the 8.9-acre property at the corner of City and Cardinal Avenues known as the Cardinal’s Residence.

The Archdiocese put the property up for sale earlier this year as part of its reorganization.  It is contiguous to the University’s 48-acre Philadelphia campus and includes a three-story, 23,350-square-foot main building and two additional buildings.

“Acquiring this adjacent property presents an opportunity that will be integral to the University’s long-term strategic planning, “ said Saint Joseph’s President C. Kevin Gillespie, S.J.  “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.”

The letter of intent is the first step in the acquisition process.  It is expected that both parties will sign the actual purchase agreement – with a purchase price of $10 million - within the next several weeks.  Funding for the purchase is coming from a combination of donor support and internal resources. 

Father Gillespie noted that the University has no immediate plans for development on the property and will evaluate its possible short-term use for administrative offices.

Media Contact

Harriet K. Goodheart, Assistant Vice President for University Communications, 610-660-1532,


As Philadelphia's Jesuit, Catholic University, founded by the Society of Jesus in 1851, Saint Joseph's University provides a rigorous, student-centered education rooted in the liberal arts. SJU ranks as a top university in the Northeast, with a Phi Beta Kappa chapter in the College of Arts and Sciences and AACSB accreditation of the  Erivan K. Haub School of Business. The University is also deeply committed to the Jesuit tradition of scholarship and service, earning a place on the President's Higher Education Community Service Honor Roll and the community engagement classification from the Carnegie Foundation for the Advancement of Teaching. With courses offered on campus and online, SJU prepares its more than 8,000 undergraduate, graduate and doctoral students to lead lives of personal excellence, professional success and engaged citizenship.


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