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Medford nonprofit Springstep to sell building

Posted by Matt Byrne  October 12, 2012 06:04 PM

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The founder of Springstep, the Medford-based dance nonprofit, said Friday the organization will put up for sale its iconic, glass and steel headquarters in Medford Square, ending a decade of dance, art, and creativity at the location.

The announcement, made in a Friday statement by Springstep founder Deborah Hawkins, confirms the dim financial situation the nonprofit, which first attempted to sell the building in March.

"Springstep has devoted a lot of time and energy to developing a financially sustainable model," Hawkins wrote in an email to supporters. "However, despite our efforts, we have been unable to generate enough consistent financial support to continue in our current form."

Classes at the facility will end in December, although the group said it will honor commitments for future events and discounts currently afforded to members and businesses.

Hawkins did not immediately return an email message Friday seeking comment.

When the property was briefly listed on a real estate website in March, Springstep asked $4.65 million, about $300,000 less than what it paid in 2009 to construct it. Community members raised about $3.9 million of the construction cost.

The March listing sparked momentary interest by at least one city official, City Council President Robert Maiocco, who had said the building could be repurposed into a police station to replace the dilapidated facility headquarters at 100 Main St.

But Springstep quickly took down the earlier sale advertisement and said it was looking to find tenants to help share the cost of the large facility.

Matt Byrne can be reached at mbyrne.globe@gmail.com.

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