A deal was signed last week by the developer who owns the 1952 Frank Lloyd Wright-designed house in Phoenix, and the city of Phoenix, which delays the demolition of the house for at least a month.
The developer, 8081 Meridian, contends that the city issued a valid demolition permit that would allow the house to be torn down. Having bought the house in June 2012 for $1.8 million, he has reportedly turned down a cash offer of more than $2 million from a prospective buyer looking to save the historic structure.
“It is probably the most important residential design of the last decade of his career,” said Janet Halstead, the executive director of the Frank Lloyd Wright Building Conservancy. “Many architecture experts consider it among the 20 most important Frank Lloyd Wright designs ever built.”
The search for a buyer who can satisfy the developer’s financial demands continues.