PHILADELPHIA/May 10, 2017 (AP) (StlRealEstate.News) — Temple University is selling a condominium it owns on tony Rittenhouse Square that has been used as a residence for university presidents in the past.
Bill Bergman, Temple vice president for public affairs, told the student newspaper The Temple News last week that officials are in the process of closing on the $2.88 million sale.
Temple purchased the 3,200-square-foot three-bedroom property in 2001 for $1.25 million. Officials told the student newspaper at the time that it wasn’t meant to be “every president’s residence,” but several former presidents have lived there during their tenures.
Bergman said President Richard Englert has a home, and board members decided they wanted to handle residency differently in the future. He said the condo was on the market for no more than two weeks.