The Historic Preservation Commission had been set to hold hearings on two historic landmark nominations for the downtown building State Farm is offloading.

But Mayor Tari Renner said those won't be needed.

Now that a new buyer has come forward, a neighborhood group and the Save the State Farm Building coalition are standing down.

"They have certainly dropped a request for the S-4 zoning for the building," Renner said, "and I think that given the background of Urban (Equity Properties)- that is their background with dealing with historic downtown buildings - I think that they've been very pleased with this development."