The Rancho Santa Fe Garden Club board took action this past August to approve listing the property for sale. The board worked with Colliers International, a commercial Real Estate Firm, and the marketing period is ending this month. The Garden Club board will review offers and if there are multiple bids, bidders will submit a revised offer.
The Garden Club board will then vote to approve the sale and the state Attorney General will give the final approval. Afterwards, the sale will close.
In the official message to Garden Club members and co-presidents, the following was stated regarding the proceeds of the sale of the Club:
“The Board will seek professional help in managing the funds of the Garden Club including possibly placing the funds in a managed account at the Rancho Santa fe Foundation. The Finance Committee will review the various options and make a recommendation to the Board for the firm or organization to manage the funds.
The funds must be used to support the goals of the Garden Club which is “to further the development of charitable horticulture and conservation activities both within and outside the community of Rancho Santa Fe.” The Club in the future will continue to develop such programs and award grants to community and educational organizations that are consistent with our charter.”
The Garden Club board also dispelled rumors that the Upscale Resale Shoppe was going to close following the sale of the Club, saying “nothing can be further from the truth.”
“Yes, the Garden Club building is for sale. However, there is a strong possibility the Garden Club will be able to retain the Shoppe after the sale of the building has been completed.”
The Resale Shoppe accepts donations of lightly used items such as jewelry, furniture, tools, toys, and art. The board says that the donations are needed now more than ever with other resale shops opening. Donations are tax deductible since the Garden Club is a 501(c)3 non-profit organization.
The RSF Garden Club is a 1.04 acre property with a 7,974 square foot clubhouse. It has had a long history since its inception in 1926, just three years into the existence of Rancho Santa Fe itself.