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Old Posted Sep 11, 2015, 1:57 PM
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Originally Posted by HBJ
Groundbreaking set for new condominium tower in Houston

Randall Davis Co. plans to break ground this fall on a new high-rise condominium, which is seeing brisk sales despite the oil slump.

The Houston developer and its development partner, DC Partners, expect to start construction in mid-October on Arabella, a 33-story, 99-unit condo tower at 4521 San Felipe. The condominium project, which will feature 10 units with private terrace-top swimming pools, is planned for the former site of Westcreek at River Oaks apartments near Westheimer Road and the 610 Loop in the Galleria area.

Buyers have purchased about 45 percent of the condo units inside Arabella since Randall Davis Co. began presales in April. The project — which will be built near the River Oaks District, a high-end retail development from San Diego-based OliverMcMillan — is expected to be completed in January 2018.