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Tuesday, April 11, 2000
Demolition makes way for parking
Vacant buildings coming down to give Omni employees more room
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| David Adame/Caller-Times |
| Sergio Gamboa of J.R. Ramon and Sons Inc. works at leveling the site of a new parking lot being put in by TRT Development Co. for Omni Hotel employees. Ramon and Sons is demolishing seven buildings for TRT. |
Several vacant downtown buildings have been coming down as part of a plan by the owner of Omni hotels to clear the land for parking.
J.R. Ramon and Sons Inc. is demolishing seven buildings for TRT Development Co., which owns the land and the Omni chain. The buildings include the 9,000-square-foot Stamp Works Building and the two-story yellow Guzman Building, both in the 800 block of Chaparral. Other properties near the bayfront consist mainly of houses.
The Guzman Building was the location of La Mexicana restaurant, which closed in 1989.
Most of the block area on Chaparral Street will be made into a gated, lighted parking lot for use by Omni Hotel employees, said Wayne Lundquist of Cobb-Lundquist Realtors Inc. Lundquist, a friend of Omni owner Robert Rowling, has brokered the downtown property for nine years.
The bulk demolition project came after three years of planning, Lundquist said. It wasn't until after Rowling purchased the Guzman Building last fall that the final piece of property needed to make the parking lot was in place.
Reverse mortgages in May
People 62 years old and older can apply for reverse mortgages as early as May, said Scott Norman, executive director of the Texas Association of Reverse Mortgage Lenders.
Reverse mortgages allow seniors to borrow against the equity in their home for additional monthly income. Texas voters approved reverse mortgages in November. Since then, lenders have been awaiting loan guarantees from the U.S. Department of Housing and Urban Development.
When the applications are available this summer, Norman said, he expects it to be a popular option, judging by the way his phone has been ringing. "I'm amazed at how many people call us on a daily basis," he said. The web site for more information is www.texasreversemortgage.com.
Background check firm opens
Great Southern Judicial Systems has opened an office at Doddridge Plaza, 3765 S. Alameda St. The company provides background checks for employers and conducts information searches to locate people and information.
William Corbin is the owner. LandLord Resources, LLC., assisted in the move to Doddridge Plaza.
OxeNet opens location
LandLord Resources also helped OxeNet, a durable medical and respiratory equipment provider, move into 1,680-square-foot offices in the Everhart Park Shopping Center, 6601 Everhart Road at Saratoga Boulevard.
Deryl Jay, an attorney from Lubbock, is the president of OxeNet. Rhonda Holmes of San Antonio is the vice president of operations, and Adolph Salas is the manager of the Corpus Christi location. The company will employ 15 people here. OxeNet also has locations in Lubbock, San Antonio, and Raton, N.M.
Business writer Andrea Jares can be reached at 886-3678 or by email at jaresa@caller.com. On Real Estate is published every other Tuesday in the business section.
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