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Los Gatos nuns close sale on property

September 3, 2014 | Mercury News

By Judy Peterson

The Sisters of the Holy Names of Mary and Jesus closed the sale on their property at 100 Prospect Ave. on Aug. 26, with SummerHill Homes of Palo Alto emerging as the buyer.

The selling price of the approximately 11.8-acre property was not released.The sisters had originally hoped to build a continuing care facility at the convent that would serve older nuns, but that proved too expensive.As a result, most of the nuns have moved to Our Lady of Fatima Villa in Saratoga and the Merrill Gardens Retirement Community in Campbell.The Villa Holy Names, which is near the convent, has been retained as a residence for a few remaining sisters.This past March, the town approved plans to build 17 homes on the property. The sisters worked with the town to design a housing plan that would retain the property's bucolic character."The proceeds from the sale of the Los Gatos property represent critical funds necessary for future health care and housing needs of our aging members," Sister Mary Pat LeRoy said in a letter dated Aug. 27. "As Sisters of the Holy Names, we are solely responsible for our financial administration and planning, pooling our earned resources and using gifts to support our ministries and our sisters, especially for the care of our frail members." Sister LeRoy said the needs of convent members have changed since the order first moved to Los Gatos after World War II.

 

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