This year, the Junior League of Stamford-Norwalk (JLSN) celebrates 100 years of service and a century-long record of addressing critical community needs with innovative programs and projects throughout southwestern Fairfield County.
It is with our eyes on the future that we have made the decision to list our headquarters at 748 Post Road in Darien for sale.
JLSN has occupied the building on the Post Road since 1983 and operated the Yellow Balloon thrift shop at this location through 2007.
Today’s Junior League is a dynamic and modern membership organization that does not solely rely on a brick and mortar space to further its Mission of promoting voluntarism, developing the potential of women, and improving the community through effective action and leadership of trained volunteers.
Throughout this transition, we will continue to serve our communities through volunteer efforts, empower our members as change agents, and serve as a hub for women’s leadership in Fairfield County.
SEPTEMBER UPDATE #2
Following the termination of the Purchase Agreement from the spring 2023 offer, the JLSN property has seen a flurry of activity with showings and a new offer. Following the same protocol as before, the current offer has been reviewed by our attorney, the Task Force, and the Board.
The decision was made to engage this offer in a negotiation which will be conducted by the President until an agreement is reached regarding the terms of the sale (price, timing, conditions). At that point, we will notify membership and provide updated details regarding the timeline.
While the negotiation process is ongoing, the JLSN Board, Finance Committee, and Personnel and Capital Management Committee continue to make progress on the following:
- Financial Planning
- Organizing and Safeguarding Building Contents
- Organization Relocation Plans
SEPTEMBER UPDATE
Over the summer, the JLSN Board, Finance Committee, and Personnel and Capital Management Committee have been working to prepare for the sale of the JLSN property.
Unfortunately, at the end of August, we received a letter from the buyer’s attorney letting us know that the potential buyer was terminating the Purchase Agreement for the JLSN property.
The termination of the Purchase Agreement was due to changes in the potential buyer’s requirements to obtain a construction loan, combined with the high construction loan rates and construction costs. After consulting our real estate counsel and realtor, it was determined that the termination was in line with the Purchase Agreement requirements. As such, the JLSN property was returned to an active status with Vidal Wettenstein and our realtor has already begun contacting other parties that had expressed interest prior to the contract period.
While the commercial real estate process to sell the JLSN property continues, the JLSN Board and its Directors remain committed to the work of the organization and the JLSN mission. The sale of the building is parallel to the day-to-day function of the League. Nothing about the 2023-24 budget/community work changes with this news.
JLSN Headquarters Updates
