The Price Tower, a notable design by Frank Lloyd Wright, is up for sale at $1.4 million, stirring interest among various stakeholders. A ruling by Judge Russell Vaclaw forces the current owner, Copper Tree, to finalize a sale with the McFarlin Building company, known for its historic restorations. Originally purchased by Copper Tree with revitalization promises, disputes arose over unfulfilled commitments and the unauthorized sale of Wright’s custom furniture. The Frank Lloyd Wright Building Conservancy expresses optimism about working with the new owners to restore the tower and its heritage.
The sale of the iconic Price Tower, designed by Frank Lloyd Wright, for $1.4 million, ignites legal disputes among preservationists, cryptocurrency advocates, and architecture enthusiasts.
Judge Russell Vaclaw mandated that Copper Tree adhere to prior commitments to sell Price Tower, allowing planned investments for its revitalization by the McFarlin Building company.
The recent legal ruling reflects a larger struggle between preserving architectural heritage and the speculative interests of cryptocurrency entities involved in real estate.
The Frank Lloyd Wright Building Conservancy eagerly anticipates collaboration with the new owners, aiming to restore the removed furniture as part of the settlement.
Collection
[
|
...
]