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Would-Be Savior of FLW Phoenix Home Backs Out of Deal

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It's been about a week since an anonymous buyer stepped in to save the much battled-over David and Gladys Wright House—which legendary architect Frank Lloyd Wright built for his son and daughter-in-law in the early 1950s—but the deal is already crumbling. The Phoenix Business Journal is reporting that the mystery buyer has pulled away from the $2.4M purchase "for personal and business reasons." The would-be owner of the circular home had wanted "to preserve it and restore it," the broker said, though now it looks like preservationists will have to once again fret and wait for a wealthy buyer to step in sometime before the home's landmark status expires in three years. One may recall that the developer who currently owns the property told the New York Times that he was going to "move in, invite everybody to come in and take their pictures, and I'm going to wait three years...then I'm going to knock it down to recoup my losses."

· Buyer drops bid to purchase Frank Lloyd Wright-designed home [Phoenix Business Journal via Arch Daily]
· David and Gladys Wright House Saved From Demo, For Now [Curbed National]
· FLW's Contested Phoenix Home Saved by a Buyer, Finally [Curbed National]