A dream long cherished deep in the hearts of the Religious of the Virgin Mary is the reacquisition of the original site of the Beaterio de la Compañia in Intramuros. From the time of its foundation in the 17th century, the house located at the back of the Jesuit College (on which now stands the Pamantasan ng Lungsod ng Maynila) had been the home of the community of beatas led by Mother Ignacia. The house underwent several transformations up until the time the Beaterio became a Congregation in 1901. Since that time, several improvements were made to accommodate the students of the Colegio del Beaterio from elementary (formally incorporated in 1912) to high school and college (formally recognized in 1935).

The bombardment of Intramuros during World War II posed a threat to the safety of the community there. They moved out of Intramuros and after the war the property was sold to MIVINTO Investment Corp. in 1949 for One hundred thirty-one thousand, seven hundred and nine pesos and sixty centavos.

The government plans for the reconstruction of Intramuros in the 1980’s awakened the hope of the Congregation to reclaim a piece of the physical and material link to its foundational history. Initial steps were made by the Sisters to become involved with the Intramuros project, but made no headway until 2002 with Department of Tourism project to put up a museum of Lights and Sounds. Efforts to negotiate finally bore fruit with the agreement of the planners to use the façade of the original Beaterio for the museum, and then the grant of a portion of the property near the muralla for a shrine to Mother Ignacia, with the expenses for its construction assumed by the Congregation.

On July 31, 2002 the ground breaking for the shrine took place, presided over by Msgr. Josefino Ramirez. Noted sculptor Ed Castrillo designed and executed the main mural. On September 10, 2003 the entire shrine was completed and dedicated by the Most Rev. Socrates Villegas, Auxiliary Bishop of Manila.

An added bonus was the permit to set up a pictorial display on the ground floor of the Light and Sounds Museum depicting the history of the Beaterio – Congregation. Thus, visitors to the Light and Sounds presentation can walk through the RVM history before crossing the door for access to the shrine. In order not to anticipate the action of the Sacred Congregation related to the Cause for the Beatification of the Servant of God, the word shrine was suppressed and the place was named Mother Ignacia del Espiritu Santo Historical Memorial.