Recently, The Brazil Times contacted the owners of some of the buildings, many of which have sat vacant for a number of years, to inquire about their future plans.
Jared Grable, owner of the old bank building at 101 W. National Ave., has already made a step forward as the building currently houses The Renaissance Reception and Conference Center.
At 115 W. National Ave., sits the Davis Building, which is currently owned by Lee Stakes, who told The Brazil Times a few details about the "large restoration project."
"It is still a work in progress, but I am planning to keep everything as original as possible," she said. "We will be sitting down with the historical preservation organization to devise a plan for the restoration, but there are preliminary plans to open a deli/bakery/coffee shop in the former bank space. There are also plans for turning the upstairs into residential space, and I am unsure at this time on what to do with the ballroom area."
Zac Chambers, who is the president of Brazil Main Street, Inc., also owns the Telephone Building, 12 W. National Ave., and is still devising a plan on what to do with the building.
In 2007, Chambers originally set out to revamp the building to become housing for a Rose-Hulman Institute of Technology sorority, which later fell through.
"There are currently some financial issues holding up the progress on the Telephone Building, but I hope to have those cleared up by this summer," he said. "We are still assessing the potential opportunities for the first floor, but me an my wife would like to turn the second floor into a community art space."
Even though McCurdy's Decorating Center, 110 W. National Ave., closed Nov. 29, 2008, the building is currently under new ownership.
Robert Bryant, who purchased the building, told The Brazil Times he "does have plans," but declined to go into further detail about them at this time.
Another building that has sat vacant the past couple years is at 16 E. National Ave., which used to be Mr. Murphy's.
Currently, a Brazil couple is in the process of purchasing the building to house their up-and-coming business, Laser Art Studio.
"We have been cleared for the loan, so right now we are just waiting for the appraisal to be completed to move forward with the process," Mary Staub, who owns the laser etching business with her husband Raymond said.
With the buildings sitting in an area classified as an historical district, preserving the historical qualities could become an issue for the owners, but none have arisen so far.
"Other than having to leave the limestone on the bank building, there haven't really been any issues with restoring a building in the Historical District," Grable told The Brazil Times.