Luminare Posted December 9, 2019 Share Posted December 9, 2019 No real updates, but lately I've been seeing a lot of signage on roads for this development in the Montrose area. Seems like they are really trying to up the pace of sells for this one. 1 Quote Link to comment Share on other sites More sharing options...
db650 Posted December 10, 2019 Share Posted December 10, 2019 Any sales update on this one? My instinct is that sales for these types of luxury new construction condos has slowed substantially. I do worry that demand is simply not here right now. There are plenty of nearby resales (including at the very nice 2727 Kirby) at this price point or less. Bosch appliances at this price point is also very surprising. I do like the design of the building but given the (relative) low cost of land even in the inner loop (compared to denser cities like San Francisco or NY), condos are going to remain a niche market. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 10, 2019 Share Posted December 10, 2019 (edited) 14 hours ago, db650 said: Any sales update on this one? My instinct is that sales for these types of luxury new construction condos has slowed substantially. I do worry that demand is simply not here right now. There are plenty of nearby resales (including at the very nice 2727 Kirby) at this price point or less. Bosch appliances at this price point is also very surprising. I do like the design of the building but given the (relative) low cost of land even in the inner loop (compared to denser cities like San Francisco or NY), condos are going to remain a niche market. It might be a niche, but it's getting to be a pretty big niche in central Houston. Here's an incomplete list: Bayou Bend Towers 1981 22 floors 1400 Hermann converted 1977 17 floors 2016 Main converted 1979 26 floors Park Square 1982 22 floors 3525 Sage 1975 17 floors Warwick Towers 1983 30 floors Houstonian Estates 1982 28 floors Parklane 1983 35 floors The Spires 1983 40 floors The Willowick converted 1978 15 floors The Huntingdon 1984 34 floors 5000 Montrose 1981 22 floors The St. Clair 1982 13 floors The Woodway 1974 19 floors Four Leaf Towers East 1982 40 floors Four Leaf Towers West 1982 40 floors Inwood Manor converted 1978 16 floors The Oxford 1981 20 floors Regency House converted 1980 13 floors The St. James 1975 25 floors The Greenway I 1979 30 floors The Greenway II 1979 30 floors The Lamar Tower converted 1979 23 floors The Parc IV converted 1978 12 floors The Parc V converted 1978 12 floors The River Oaks 1962 16 floors The Tealstone 1984 15 floors Woodway Place II 1982 20 floors Executive House The Campton at Post Oak Villa d'Este The Rise The Robinhood The Mercer The Royalton at River Oaks Montebello The Mark Commerce Towers Residences at the Four Seasons St. Germain Bayou Lofts Keystone Lofts Franklin Lofts Arabella SkyHouse Main SkyHouse Houston SkyHouse Uptown Briar Place Briar Glen Highland Tower Wilshire Beaconsfield The Cosmopolitan Marlowe Byrds Lofts Capitol Lofts Hermann Lofts Astoria Belfiore Bristol Woodway Place Attium Mosaic at Hermann park Moderne Rice Village 6007 Memorial The Sophie Edge Lofts Rise Lofts Mondrian 2727 Kirby The River Oaks Mimosa Terrace Revere at River Oaks Riva at the Park Giorgetti Edited December 10, 2019 by Houston19514 6 Quote Link to comment Share on other sites More sharing options...
Luminare Posted December 10, 2019 Share Posted December 10, 2019 14 hours ago, db650 said: Any sales update on this one? My instinct is that sales for these types of luxury new construction condos has slowed substantially. I do worry that demand is simply not here right now. There are plenty of nearby resales (including at the very nice 2727 Kirby) at this price point or less. Bosch appliances at this price point is also very surprising. I do like the design of the building but given the (relative) low cost of land even in the inner loop (compared to denser cities like San Francisco or NY), condos are going to remain a niche market. In any other part of Houston I would agree, but Upper Kirby is one of the few neighborhoods where it makes most sense at the moment. Quote Link to comment Share on other sites More sharing options...
db650 Posted December 10, 2019 Share Posted December 10, 2019 I agree it makes sense in theory, but in practice, these buildings are too expensive so they are niche markets. I love the Giorgetti building nearby the Westmore, but it's not selling very well. Granted, the Westmore or priced slightly less expensive, and with smaller units. We will see how the market speaks. Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted December 10, 2019 Share Posted December 10, 2019 (edited) 4 minutes ago, db650 said: I agree it makes sense in theory, but in practice, these buildings are too expensive so they are niche markets. I love the Giorgetti building nearby the Westmore, but it's not selling very well. Granted, the Westmore or priced slightly less expensive, and with smaller units. We will see how the market speaks. 65% sold prior to completion, ,according to their website. That seems like pretty decent sales. Edited December 10, 2019 by Houston19514 1 Quote Link to comment Share on other sites More sharing options...
db650 Posted December 10, 2019 Share Posted December 10, 2019 9 minutes ago, Houston19514 said: 65% sold prior to completion, ,according to their website. That seems like pretty decent sales. It's been stuck at around this number for a long time. Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted February 7, 2020 Author Popular Post Share Posted February 7, 2020 https://communityimpact.com/houston/heights-river-oaks-montrose/development/2020/02/06/luxury-midrise-westmore-to-break-ground-in-upper-kirby-this-summer/ Pelican Builders will break ground on its new Upper Kirby midrise project The Westmore this summer, the development company announced Feb. 6. 11 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted February 8, 2020 Share Posted February 8, 2020 https://www.houstonchronicle.com/business/texas-inc/article/Pelican-Builders-Robert-Bland-preaches-the-15029882.php Interesting article about Pelican Builders and its owner, Robert Bland, including this: "Bland estimated that lenders will require that about 25 percent of a project’s units be presold before funding a project". 3 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted February 9, 2020 Share Posted February 9, 2020 Site visit today. 7 Quote Link to comment Share on other sites More sharing options...
hindesky Posted March 13, 2020 Share Posted March 13, 2020 They were doing core samples as I drove by on Friday. 9 Quote Link to comment Share on other sites More sharing options...
Popular Post Paco Jones Posted September 15, 2020 Popular Post Share Posted September 15, 2020 This one will start in November. No major design changes. 7 story, 33 unit condominium with 2 levels of parking. Amenity deck and pool at level 2. 14 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted September 15, 2020 Share Posted September 15, 2020 1 hour ago, Paco Jones said: This one will start in November. No major design changes. 7 story, 33 unit condominium with 2 levels of parking. Amenity deck and pool at level 2. Great! I love these smaller infill developments and the renders are handsome. 4 Quote Link to comment Share on other sites More sharing options...
db650 Posted September 17, 2020 Share Posted September 17, 2020 How are sales? Quote Link to comment Share on other sites More sharing options...
Paco Jones Posted October 21, 2020 Share Posted October 21, 2020 This one will be delayed at best. The budget vs. cost to build is not close at all. They have asked GT Leach to provide a cost but I can't see how they would be able to come close, even considering they are known for cheap building practices. 5 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted October 21, 2020 Share Posted October 21, 2020 1 hour ago, Paco Jones said: This one will be delayed at best. The budget vs. cost to build is not close at all. They have asked GT Leach to provide a cost but I can't see how they would be able to come close, even considering they are known for cheap building practices. Wow, that's quite a change from a month ago. 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted December 30, 2020 Share Posted December 30, 2020 Permits issued. 5 Quote Link to comment Share on other sites More sharing options...
hindesky Posted January 28, 2021 Share Posted January 28, 2021 The fence is down and the sales trailer is gone too. Hopefully this is going to start soon. 7 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted January 31, 2021 Share Posted January 31, 2021 Equipment on site. 8 Quote Link to comment Share on other sites More sharing options...
hindesky Posted February 1, 2021 Share Posted February 1, 2021 18 wheeler dump trucks backing up. 4 Quote Link to comment Share on other sites More sharing options...
hindesky Posted February 1, 2021 Share Posted February 1, 2021 Enlarge Pelican Builders' Westmore condo project, at 2323 W. Main St. in Upper Kirby, was designed by Bellaire-based Mirador Group and will feature 33 residential units. COURTESY PELICAN BUILDERS By Olivia Pulsinelli – Assistant managing editor, Houston Business Journal 58 minutes ago Pelican Builder is moving forward on several luxury condominium projects this year, the Houston-based residential developer said Feb. 1. The first of those projects, Westmore, broke ground on Jan. 28. Initial plans for Westmore, a midrise at 2323 W. Main St., were originally announced in August 2019. As of February 2020 — just before the Covid-19 pandemic hit — the groundbreaking was expected in the summer of 2020. The seven-story project will contain 33 units, most of which will range from 1,560 to 1,800 square feet and start at $960,000. The four penthouses will average 2,500 square feet and start at $1.7 million. Houston-based Mirador Group designed Westmore with midcentury modern architecture, a press release states. Residences will feature contemporary interiors with floor-to-ceiling glass windows, pre-wiring across all residences for smart home technology and Bosch stainless steel appliances in the kitchens. Other amenities will include same-floor storage, terraces, optional pet porch potty upgrades and a fitness center. Houston-based G.T. Leach Constructors is building the project. “Today’s groundbreaking represents a significant milestone for Westmore in its development,” said Pelican Builders founder Robert Bland. “More broadly, the occasion is symbolic of Pelican Builders’ optimism for what lies ahead in 2021. Westmore is indicative of our steadfast commitment to Houston, which is a city of unwavering resilience. The past year has been extremely tough on everyone, but brighter days are ahead.” Elsewhere in Houston, Pelican Builders also previously planned to break ground on a 17-story tower in the Galleria/Tanglewood area in 2020. The Hawthorne, named for "Tanglewood Tales" author Nathaniel Hawthorne, is now slated to move forward in 2021, according to the building's website. 6 Quote Link to comment Share on other sites More sharing options...
hindesky Posted February 2, 2021 Share Posted February 2, 2021 Pelican Builders' luxury midrise condominium project Westmore broke ground Jan. 28 with a small ceremony at the Upper Kirby site. “Today’s groundbreaking represents a significant milestone for Westmore in its development,” Pelican Builders founder Robert Bland said in a news release. “Westmore is indicative of our steadfast commitment to Houston, which is a city of unwavering resilience. The past year has been extremely tough on everyone, but brighter days are ahead.” The groundbreaking was originally slated for summer 2020, but plans changed amid the unfolding coronavirus pandemic. Construction was anticipated to take about 20 months. The Westmore, 2323 W. Main St., Houston, will have 33 residences ranging from 1,560 to 1,800 square feet and starting at $960,000. The building's four penthouses average 2,500 square feet and can be fetched for $1.7 million. The building's mid-century modern-inspired design is the work of the Houston-based Mirador Group. The general contractor for the project is G.T. Leach Constructors. The Westmore sales center has moved to 3400 Morningside Drive, Houston. 6 Quote Link to comment Share on other sites More sharing options...
db650 Posted February 6, 2021 Share Posted February 6, 2021 Interesting that they are using GT Leach, the GC for many of Randall Davis’s buildings. Hopefully this one will turn out differently. Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted February 7, 2021 Share Posted February 7, 2021 8 Quote Link to comment Share on other sites More sharing options...
zaphod Posted February 7, 2021 Share Posted February 7, 2021 This is kind of random of and off topic, but how did Houston end up with a really obscure 2nd Main Street (W. Main). It's obviously in the footprint of the original city so it must be substantially old and the name must have a purpose. Quote Link to comment Share on other sites More sharing options...
hindesky Posted February 7, 2021 Share Posted February 7, 2021 I always go by this after my Mister Car Wash visit on Kirby. 5 Quote Link to comment Share on other sites More sharing options...
thedistrict84 Posted February 8, 2021 Share Posted February 8, 2021 On 2/7/2021 at 4:24 PM, zaphod said: This is kind of random of and off topic, but how did Houston end up with a really obscure 2nd Main Street (W. Main). It's obviously in the footprint of the original city so it must be substantially old and the name must have a purpose. I always just assumed that it branched off of Main St. and headed west to connect the "suburbs" of Montrose, Hyde Park, Boulevard Oaks, etc. to downtown. As the area developed over time, Richmond and W. Alabama incidentally became major arteries instead of W. Main. 3 Quote Link to comment Share on other sites More sharing options...
hindesky Posted February 28, 2021 Share Posted February 28, 2021 7 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted March 3, 2021 Author Share Posted March 3, 2021 103’ https://oeaaa.faa.gov/oeaaa/external/searchAction.jsp?action=displayOECase&oeCaseID=468751156&row=0 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted March 8, 2021 Share Posted March 8, 2021 8 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.