OAKLAND -- The Sarber family has announced that it will not close Sarber's Cameras in Montclair Village as previously planned.

"We are still planning on retiring but have changed the timeline," said owner Nancy Sarber.

"Another vacancy is not good for anyone," David Sarber, president of Sarber's Cameras, told a gathering of the Montclair Village Association members on Wednesday night. "In the past month, people have expressed to us how important we are. We are going to keep going until we can provide a better transition."

Sarber's remarks come on the heels of stalled negotiations with a prospective buyer.

"The future of the Sarber family and the Village is still very much limited, however, we will not leave in the foreseeable future," David Sarber said.

The Sarber family plans to take the business in a different direction. The family will continue to provide photo finishing services, educational workshops, and rentals for their clients. However, the family will refocus the remainder of their retail efforts on used equipment.

The Sarbers "are doing what's best for the business," said Daniel Swafford of the Montclair Village Association. "I'm glad they are staying. It's a great business for someone to take over in the future."

The Sarber family made the announcement at a Wednesday night reception intended as a farewell to honor two families known for iconic businesses in Montclair Village -- the Sarber and Sullivan families. Bill and Helen Sullivan are the owners of Montclair Pharmacy, who are retiring to Montana after running the pharmacy for 50 years. The Sarber family has been running the camera store in Montclair Village for nearly as long -- since 1964.