Pelican Builders’ Derek Darnell with rendering of 2419 Mimosa Drive (LinkedIn, Pelican Builders, Getty)
A luxury condo highrise is coming to the upscale River Oaks neighborhood in Houston.
Pelican Builders is at the helm of the Lexington, an eight-story building with 40 units ranging from 2,700 to 4,000 square feet priced at around $1.6 million. The penthouses are expected to go for $4 million, the Houston Business Journal reported. The Lexington, located at 2419 Mimosa Drive, is expected to open next year.
The Houston-based developer opened a sales office in the building, beginning the process of luring tenants. The design for the complex, comprising about 114,000 square feet, was led by Houston-based Kirksey.
“The area has very few condos available,” Pelican Builders CEO Derek Darnell told the outlet. “Most of what is there is either a midrise apartment building or a four-story townhome. We saw an opportunity to bring something new to the area while embracing River Oaks’ classic architecture.”
Keeping the number of units to a minimum fosters neighborly intimacy for residents, he said.
Condos will feature terraces, island kitchens, smart-home capability, curbless showers and optional outdoor gas grills. Amenities consist of 24-hour concierge services, valet parking, a lounge area, card tables, a serving bar, a private dining room and a fitness center.
Each unit will also have a backup generator in case of weather-related emergencies.
Meanwhile, Pelican has two other developments in the works that are expected to be completed later this year: the Hawthorne, another luxury condominium in Tanglewood with 67 units and a plethora of amenities, and the Westmore, with 33 units in Upper Kirby.
“You know, for the nation’s fourth-largest city, there are only about four or five condo buildings under construction,” Darnell told the outlet. “The average person might think that they were everywhere. But they’re really not. People have a hard time finding condos here.”
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A luxury condo highrise is coming to the upscale River Oaks neighborhood in Houston. Pelican Builders is at the helm of the Lexington, an eight-story building with 40 units ranging from 2,700 to 4,000 square feet priced at around $1.6 million. The penthouses are expected to go for $4 million, the Houston Business Journal reported.
The post Pelican plans more luxury condos in Houston appeared first on The Real Deal. Uncategorized, Condos, Houston, Residential, Texas The Real Deal
Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.