Posted Aug 26, 2018, 9:34 PM
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Join Date: Jan 2009
Location: Chicago, IL —-Austin, TX
Posts: 12,723
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River Oaks luxury condos break ground
Quote:
Houston-based Pelican Builders Inc. broke ground on The Revere Aug. 22, a nine-story condominium that developers say will look like a sophisticated Park Avenue walk-up.
Thus far, Pelican Builders has sold 16 out of 30 units, which range in price between $1.6 million and $2.6 million. Homeowner association fees will come out to 60 cents per square foot a month and first units for the project at 2325 Welch should deliver by spring 2020.
Houston-based Kirksey Architecture designed the project while Houston-based Ludlow & Associates Construction LLC is the general contractor. IBC Bank provided the construction loan.
The location and audience determined a lot of the scope of the project, he said. The high-end units will feature 11-foot high ceilings with plenty of space for art enthusiasts to display their collections. Large windows will give residents views of River Oaks and Montrose. The luxury units will feature hardwood floors, custom wood cabinets, Sub-Zero and Wolf appliances and fireplaces. Units vary in size from 2,800 to 3,800 square feet.
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