A multi-million dollar mess has neighbors in an upscale Houston neighborhood looking for answers. They’re tired of seeing a big, empty building with boarded-up windows, broken doors and dead landscaping.
“An eyesore, quite ugly,” said Jan O’Brien, who passes the building on her morning walks near Braes Bayou.
The old Arabia Shriners Temple on North Braeswood has sat abandoned since 2007.
The building now belongs to Tishman Speyer, a worldwide real estate developer. But the company has yet to do any developing on the property appraised by the county at $10 million.
I work near there, and drive by it often. It’s just sad to see it like that.
I blogged about this as the sale was happening. The price tag at the time was said to be $21 million, which seems even more ridiculous now than it was then. Someone’s gonna get a bargain at the foreclosure auction one of these days, that’s for sure.