sidegate Posted May 16, 2007 Share Posted May 16, 2007 Does anyone have any information on the status of this development, first reported by Nancy Sarnoff in Dec 2006. I'm a bit puzzled since the property appears to be for sale (Again). Changing hands again The old headquarters of Martha Turner Properties near River Oaks has been sold for the third time in as many years to a florist who plans to gut the property, add a floral showroom and lease out space to other businesses. The owners of Plants 'n' Petals, a 25-year-old flower shop located near Highland Village, purchased the former real estate office at 1902 Westheimer for an undisclosed amount. The property sits on about 25,000 square feet of land and is appraised at $1,352,092, according to the Harris County Appraisal District. Since the realty maven first sold the property in 2003, it has traded hands two more times, according to Turner and Abraham Hakakian, the new owner, who bought it from a bank that became involved in a merger. The renovations will include installing windows on the Westheimer-facing facade, gutting the interior and adding a mezzanine for offices. The building will have about 12,000 square feet of space when it's finished by the end of 2008. Located just east of the corner of Westheimer and Shepherd, the former realty office is near high-end neighborhoods and shops. But the property has sat vacant and been a target for taggers since Turner moved her company to a bigger office building near Memorial Park and the West Loop three years ago. Located at 3810 Westheimer near Weslayan, Plants 'n' Petals has operated from its Westheimer site for about 17 years. Hakakian said it will remain open. Quote Link to comment Share on other sites More sharing options...
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