Tuesday, July 16, 2024

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Old Westport Library Sold for $11.95 Million

One of Westports best known landmarks, the former Westport Public Library building, was sold today for $11.95 million, according to a filing in the Town ClerkҒs office.oldlibrary060304260.jpg
The old library: pricetag $11.95 million. WestportNow.com photo

A Westport-based partnership, whose principals include real estate investors David Waldman and Drew Friedman, sold the building at the intersection of Post Road East and Main Street to Winwest Library LLC of Greenwich.

The Winwest group also owns the former Eddie Bauer building diagonally across the street where a new Tiffany store will open in the fall.

The old library building tenants include Starbucks, a furniture store and a clothing store.

The original building was built by Morris K. Jesup and opened as the town’s library in 1908. An addition was added a half century later.

The structure continued in use as the town library until the present library was opened in 1986 on Jesup Green.

The town sold the library building in 1986 to private individuals for $2.8 million, considered a high sum by many who thought it would fetch much less.

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