Gordon-Conwell and Real Estate Investors Enter into Agreement for Apartments Sale

Following extensive collaboration, Gordon-Conwell Theological Seminary and the Town of Hamilton are nearing completion of a development agreement that would allow for the sale of the seminary’s underutilized apartment units to a private owner. The agreement, along with a proposed zoning change to be considered by Hamilton voters on December 9, represents a key step in a mutually beneficial sale for the town and the seminary. Read more about this in a recent article shared with permission from the H-W News.

Amid changes in higher education and the Church, Gordon-Conwell continues to prayerfully reimagine the seminary in ways that expand its reach and better fulfill its mission for God’s glory. This has included efforts to right-size the Hamilton campus to best steward the seminary’s finances and enhance community life. This is one aspect of Gordon-Conwell’s strategic and spiritual Renewal, while also providing needed tax revenue for the town.

The Seminary remains deeply committed to residential theological education and will remain on the Hamilton campus. While the apartments will have new ownership pending rezoning, housing for full-time Hamilton students will continue in both the dorms and apartments. The buyers look forward to having Gordon-Conwell residents in the apartments.

Read Previous News:

Gordon-Conwell and Real Estate Investors Enter into Agreement for Apartment Sale (June 2024)

Gordon-Conwell to Remain in Hamilton and Engage in Seminary-Wide Renewal (May 2024)