If you define "often flood" as 2 times in 15 years during hurricanes or tropical storms then it flooded "often".
The building was not owned by the Thursday's owner.
As it was, Dave had the opportunity to buy the property in Owings, after offering to buy the North Beach building numerous times over the years, so he bought it.
The owner of the North Beach property has this wet dream of demo'ing the entire block and building a rooftop restaurant and condo complex. Don't hold your breath.
The owners of the Mexico restaurant in Dunkirk are opening in the Thursday's building in North Beach sometime between now and November. They ran into permitting issues ("forgot" to get them) with Calvert County while remodeling so that's slowed them down.