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owners buying Walnut Hill-Audelia shopping center

Commercial broker Bill Blaydes says Lake Ridge shopping center at Walnut Hill and Audelia’s southeast corner is under contract and should be overhauled when the sale closes. “The cost of the land is too much for residential housing, but they do intend to redo the old shopping center and get it back into shape,” Blaydes says. He didn’t identify the buyer, saying only that it is a “local group” and that the sale is due to close in mid-January 2013. Restaurants Atomic Pie and Offshore’s Next Door are in this shopping center, as well as service retailers such as My Office, whichrecently moved from Lake Highlands Plaza, across the street. The only property on that corner not included in the sale is the Circle K, Blaydes says.

Lake House restaurant and bar to open this month

John Schmitz and Eric Paulsen, along with help from consultant Cory Pope, plan to open Lake House bar and restaurant at Northwest Highway and Lawther, in the spot where the former Bicycle Café was located. They are aiming for a mid- to late November opening. Schmitz says the location is prime and that the north side of the lake is in need of quality food and brew, which they promise. The menu