City leaders in Rochelle are still looking for a buyer of a city-owned downtown building after a developer pulled out of a purchase agreement on Monday night, but there is interest from local business people.
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ROCHELLE — City leaders in Rochelle are still looking for a buyer of a city-owned downtown building after a developer pulled out of a purchase agreement on Monday night, but there is interest from local business people.
During Monday’s special city council meeting, Dave Diamond, of Walter Wayne Development, LLC confirmed he no longer wishes to purchase the property located at 413 W. Fourth Ave., which is commonly known as the Graber 1 building at the northeast corner of Lincoln Highway and Fourth Ave.
Last summer, Diamond approached city officials requesting an option to purchase and redevelop the property, indicating there had been interest from Storybook Gardens’ owner Jana Gruben to expand her wedding business to the building.