Posted Oct 10, 2025, 12:46 PM
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FYHA
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Join Date: Oct 2007
Location: Houston - Wichita, KS
Posts: 3,615
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https://www.houstonchronicle.com/busines...dlands-houston-tower-update-21082846.php
Quote:
Exclusive: First-of-its-kind Ritz-Carlton tower hits key construction milestone in The Woodlands
By Marissa Luck,
Staff Writer
Oct 8, 2025
Perched above the shores of Lake Woodlands, a new luxury high-rise is quietly ushering in a new chapter in The Woodlands’ real estate market.
The Ritz-Carlton Residences, The Woodlands hit a key construction milestone recently when it reached its highest level at 15 stories. Although far from an Inner Loop skyscraper, the tower still soars over its surroundings.
As the first luxury condominium project in the township, the Ritz-Carlton Residences is a case study in whether homebuyers will pay a premium for high-rise luxury living beyond Houston’s urban core.
So far, buyers have paid from about $3 million to $18 million to secure a Ritz-Carlton Woodlands address. That’s expensive even for The Woodlands, where median prices were $690,000 in August, nearly double the metro median of $355,000, according to the Houston Association of Realtors.
Despite those costs, Howard Hughes hasn’t had trouble selling. Even though the company raised prices several times, about 70% of the 111-unit project sold by the time the developer broke ground a year ago. Eventually, Howard Hughes pulled most units off the market, with plans to re-release units around when the project opens in 2027.
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