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A Houston firm has agreed to buy Pan Am Plaza’s office building, skating rinks and the plaza itself. The company, Principle Equity Management, is planning a low-rise, restaurant-anchored development that would replace the rinks in time for the opening of an expanded convention center in 2010. Eventually they’d like to do something larger, like a hotel or condos. But for now, they’re waiting to see what happens with several other hotel/condo projects. The company is more confident of the market’s demand for additional restaurant and retail space. The full story is here. What do you think?
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