Sale now up to Texas firm. A national realty company, CBRE, a division of Coldwell Banker, now has the contract to sell the former Winona State University dorm. CBRE’s listing heralds 452 “residential units, office space, classrooms, apartments, recreation spaces, and food service facilities. There also is a non-operable 1927-vintage swimming pool.
You can have it all for a reported $750,000
DALLAS, Texas – A Texas commercial realty company, CBRE, has advertised Winona State University’s former Lourdes Hall for sale. The company didn’t list the asking price, but sources said it was only one-quarter of the $3 million that university first asked but found no takers. Winona State acquired Lourdes Hall and two other buildings from Catholic sisters who operated the College of St. Teresa before they shut down in 1989. Winona State then operated Lourdes as an auxiliary overflow dorm but, 1-1/2 miles from the main campus, it never caught. The university shuttered the Lourdes operation in 2021 due to declining enrollment, budget shortfalls, high upkeep costs, and the failure of its so-called “Residential College” concept. By law the university first had to offer the facility to municipal and other governmental entities. That failing, the university looked more broadly for a buyer. Pitches included multi-family residential, senior housing, and recreational possibilities. There were nibbles but no offers.
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