UPDATE, June 30, 12:44 p.m: The June 30 auction was canceled. "The bank and the borrower reached an agreement," according to auctioneer Bill Hudson. Owner Joseph Schultz could not be reached for immediate comment.

The former site of Haussner's, a Highlandtown dining landmark for more than 70 years, will not be auctioned off after all.

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The auction was originally scheduled for noon on June 30, according to Bill Hudson of the Bel Air-based Atlantic Auctions, Inc., which is handling the sale. The auction was to be a "substitute trustee's sale," which is a foreclosure sale.

The roughly 28,000-square-foot building at the corner of Eastern Avenue and South Clinton streets is owned by Joseph Schultz, who purchased it in 2011.

Schultz was not successful in finding a partner to develop the Haussner's building and announced an auction for May 2013. That auction was postponed when a prospective buyer came forward, but no deal was reached and the auction was not rescheduled.

In addition to the Haussner's building, the sale includes two adjacent storefronts and a 13,000-square-foot commercial property on the corner opposite the former restaurant.

Haussner's closed in 1999 after 73 years in business. It had a legendary strawberry pie and millions of dollars of fine art on the walls. Generally regarded as kitsch during its time, the Haussner's art collection brought in $11.3 million at a 1999 Sotheby's auction.

The building and its kitchen equipment were donated to Baltimore International College, now Stratford University's School of Culinary Arts and Hospitality Management.

The current condition of the interior, and whether any equipment remains, is unknown, said Hudson, who added that prospective buyers, and even the auctioneer, are seldom given access to a property headed for a foreclosure.

Nostalgia for Haussner's was stoked when the third-season premiere of "Mad Men" included a scene set inside the restaurant.

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