The parent company of S.P.I.R.E. Institute, a sports training and education mega-facility in Geneva, Ohio, has been in talks for months to buy the Mercyhurst North East campus, an 84-acre historic property that was once home to St. Mary s Seminary.
If the sides can finalize a deal, Baltimore-based Blue Ocean Investments, a real estate investment and management company, could acquire the campus in the heart of North East less than two years after Mercyhurst University announced plans to close it. We’re currently conducting some feasibility studies around the property, and evaluating its potential, Blue Ocean President and CEO Jonathan Ehrenfeld said in a statement to the Erie Times-News. We’re grateful for the support and enthusiasm from the community at large and hope we can be a part of the continued preservation and growth of the Mercyhurst campus.”
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