Reel deal? Warning: This buzz is rated R for rumor. Word has it a developer plans to buy land on the less developed side of Lago Mar for a new Cinemark movie theater in Texas City. But insiders say the real estate deal isn’t done, so it’s premature to roll the previews.
Lago Mar is on land east and west of Interstate 45. Houston-based Land Tejas Cos. owns 2,033 acres on the west side and various unaffiliated companies own land on the east side.