406 Prospect Place, the 1,113 square foot parcel of vacant land on the NE corner of Prospect and Grand, was sold to an entity called "Grand Prospect Group LLC" this past July. The sale price was $650,000, or almost $195 per square foot.
The Prospect Heights Church of Christ, located next door, had been the owner of the property. According to a party wall agreement with the church, the new buyer is an entity controlled by an individual named Rob Loheit, about whom a quick Google reveals ... not much. He definitely does not appear to be a developer.
Does anyone have any idea what's going on here? I'd love to see something nice on this strange corner of PH.