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Friday, April 23, 2010

Another Run at Otto's

March 25, 2010

Info from The Houston Chronicle:

Ponderosa Land Development Co. is under contract to buy the Memorial Drive strip center that houses Otto's along with an adjacent parcel occupied by Bibas Greek Pizza.

The developer plans to build a two-story retail and office project with about 22,000 square feet on the nearly two-acre parcel at Memorial Drive at Reinecke. The value of the Memorial parcel has come down since it was last up for sale in 2007 for more than $110 per square foot.

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