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Wurlitzer Buyers Back Out, 32-Year Vacancy Streak Drags On

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The Wurltizer Building has again proven itself to be one of Detroit's unluckiest ruins. The Detroit News reports that the Wurlitzer's would-be buyers mysteriously backed out of the deal months ago, giving no explanation. That's surprising news—the would-be buyers seemed up to the task, counting among their ranks a company specializing in historic redevelopment projects. They even signed a purchase agreement.
It's unclear where that leaves the brick-hurling Wurlitzer. The News quotes a specialist from Kraemer Design Group, who estimates the project to be an $8-$10M rehab. Considering the location and potential, that price would seem relatively affordable.
· Group backs out of deal to buy Wurlitzer Building in Detroit [Det News]
· Wurlitzer Edges Closer to Sale and (Residential?) Renovation [Curbed]