Tazz Enterprise acquired the 88,492-square-foot facility, which sits on more than 8 acres at the Hwy. 290 and FM 1960 intersection. The investment company based in Sugar Land specializes in retail, hospitality, multifamily and other services.
Zishan Momin, managing partner with Tazz Enterprise, said the facility would feature a two-story go kart track, bowling, virtual reality games and arcade games, axe throwing, event rooms, upscale dining and multiple bars.
"Purchasing this property was a very easy decision for us,” Momin said in a statement. “This property has maximal visibility and there is a tremendous opportunity to revive the building into a state of the art entertainment facility."
The property brochure states about 315,000 people live within 5 miles of the site, and up to 145,000 vehicles pass through the corridor daily. According to Colliers International’s website, the property sold on Dec. 20.
Gander Mountain filed for bankruptcy in March 2017, and the Cy-Fair location closed later that year. The property has been vacant since the closure.