Developers once hoped to turn a former department store in Biloxi, Miss., into a thriving entertainment venue.

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Kress Live

But the Kress Live building in downtown Biloxi now sits empty, awaiting a new owner. And the Sun-Herald reports the price has dropped 23 percent since August, when it went on the market for $2.35 million.

Montel Luffey with Southeast Commercial in Gulfport says the bank-owned building is now listing for $1.8 million.

The building dates back to the early 1900s and was originally an S.H. Kress department store.

Developers who renovated the building in a 2014 project hoped to make it a music venue. But it's time as an entertainment venue was short and it was up for sale last year.