On Jan 4, 2005 this property, at 401 Pineapple, was purchased by Bay Mountain, LLC for $1.6M. This is the property contiguous to, and on the west side of, the Orange Dolphin Galleria property that the City apparently is about to purchase.
Bay Mountain, LLC lists its "Manager/Member" as:
ISAAC INVESTMENTS, INC., AN OHIO CORP
715 PERRY STREET
BRYAN OH 43506 US
This, of course is the same group that is proposing the Pineapple Square development project a couple blocks to the north on Pineapple.
the Orange Dolphin site is listed as having 21,263 sq ft. At the proposed purchase price of $4.4M, this calculates to $207 per Sq ft. This property has a 10,874 sq ft building.
The 401 Pineapple property, purchased in January of this year has 8,610 sq ft and its purchase price calculates to $186 per sq ft. This property has 6,337 sq ft building.
We wonder if there is a connection here. If so, O what a tangled web we weave. Like Paul Harvey says, when will we find out "the rest of the story"?