EL LAGO, TX-A once thriving condominium project on Clear Lake isnow a piece of land on the market. The Landing, a former 144-unitmaster-planned condo development is now on the block for at a $7.3million asking price.

Bruce Jester with the Henry S. MillerBrokerage-Greater Houston Office tells GlobeSt.com thatThe Landing at 4445 NASA Pkwy. had been a home to many condo ownersfor many years before September, 2008, when Hurricane Ike cameashore and completely destroyed the property. Afterward, “theowners got together, hired a company to take everything offcompletely. They dug down and took away the wires and the pipes,redid the land, turned it over and hydromulched it,” Jester says.Following that process, the owners decided that the best thing todo would be to sell the property.

Jester says the property is zoned for a highrise developmentthat can go as high as 250 feet. Furthermore, this is ahigh-density zoning of up to 40 units per acre. Additionally, theproperty is very close to NASA and has a greatview of Clear Lake. “NASA just announced it got the contract forthe new deep space rocket project, which will bring more peopleinto the area,” Jester says. “But there isn’t a whole host ofplaces for people to go.”

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