Nestle began production in Fulton more than 100 years ago and left the city for good in 2003. Building 95, the last building that Nestle built for the plant, is now being torn down. The complex, assessed at about $5 million, is owned by Phoenix resident Ed Palmer of Carbonstead LLC. Fulton Mayor Ron Woodward said that the multi-story building is being considered for student housing. Woodward also noted that several retailers have expressed interest in relocating to the site. However, at this time no developer is locked in on the property.