Jump to content

Recommended Posts

  • 4 weeks later...
  • 1 month later...
  • 1 month later...
  • 2 weeks later...

How has the building been selling?  Is it worth nearly double the price to be in a "new" remodeled building instead of the 3 older ones right down the street?  WIllowick, Inwood and I forget the name of the other, but they all have "remodeled" lobbies.  

 

There are just four generalized listings on HAR ranging from $1.4M to $4.4M.  Does anyone know how many have been "sold" so far?

 

 

Link to comment
Share on other sites

This is a building that might have a hard time competing with other new construction. The location is less urban than the Arabella and the Willshire. It also only has 9 foot ceilings and the floor plans are much less compelling. I don't know the recent sales data but I think it was just short of 20% in mid August.

Link to comment
Share on other sites

  • 2 weeks later...
  • 4 weeks later...
  • 1 month later...
  • 2 weeks later...
  • 1 month later...
  • 1 month later...

The NY-based developer, Ariel Capital, plans to build a stronger presence in Houston.

 

http://www.papercitymag.com/interiors/more-walkable-houston-through-high-rise-building-boom-transform-city-dodge-oil-crisis/

 

The former Wall Street star turned New York developer remains all in on Houston as the next growth land — to the point where he purchased one of The River Oaks’ accompanying townhomes for himself.

The man behind The River Oaks envisions himself doing more high-rises in Houston. Leibovitch smiles when talk turns to Houston’s “Pothole Mayor” Sylvester Turner. Improved infrastructure is very good for high-rise developers. So is a city still finding its sky legs.

 

“You couldn’t buy a parking garage in New York for what some of these buildings are going for,” Leibovitch says. “I remain a big believer in Houston and its appetite for these type of special buildings. There is only one River Oaks.

 

“People want to be where the action is. As Houston grows, commuting is going to become less and less of a desirable option.”

  • Like 4
Link to comment
Share on other sites

  • 2 weeks later...

https://www.facebook.com/GT-Leach-Constructors-LLC-488581561322825/

 

On Monday...The River Oaks project team moved in a 275 Ton Capacity Lattice Boom Crawler Crane. The crane will be used by GT Leach's subcontractor Postel Steel Erection. Postel will set and install the steel frame for the 2 NEW Floors that are being added to the existing 16 story concrete structure..... All photos are by GT Leach

 

13235446_563877623793218_601769518971646ll Photos are by Garret Leach[/quote]

 

 

13243951_563877533793227_257371367080720

 

13244749_563877680459879_555267259357672

  • Like 7
Link to comment
Share on other sites

  • 2 weeks later...
  • 4 weeks later...
  • 1 month later...
  • 3 weeks later...

http://www.bizjournals.com/houston/news/2016/08/22/developer-why-i-m-bullish-on-houston-s-luxury.html

 

Quote

Despite low oil prices, more than half of The River Oaks’ 79 units have been sold, including one of three penthouse units going for $1,000 per square foot, Leibovitch said. 

Arel Capital and its Houston-based marketing and sales partner Sudhoff Co. have sold at least one condo unit per month since sales began in summer 2015, Leibovitch said. Buyers have run the gamut, from lawyers to doctors to energy executives to entrepreneurs — both local and foreign, younger and older.

 

Link to comment
Share on other sites

  • 4 weeks later...
  • The title was changed to The River Oaks: High-Rise Condos

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...