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The Beverly Residences At 5010 Longmont Dr.


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https://www.bizjournals.com/houston/news/2023/05/05/gt-leach-rama-cos-condo-project.html

GT Leach, Rama Cos. partner to build luxe Tanglewood-area condo building

May 5, 2023, 7:00am CDT

GT Leach Constructors founder and President Gary Leach is for the first time preparing to break ground on a project in which he is personally invested as a partner.

Leach has teamed up with Rama Cos., a Houston-based development firm led by brothers Amir Taghdisi and Alan Taghdisi, to build a new boutique condominium project at 5010 Longmont Drive, in the northern Uptown/Tanglewood area.

The project they plan to build is The Beverly, a six-unit condo midrise that Leach and the Taghdisis hope will bring a new type of unit to the Houston market. Rather than putting multiple condos on each floor, each unit will take up an entire floor.

While Leach has built projects in the past where he had a small financial interest, he confirmed that this is the first time he has gone in on a project as a 50% partner.

Leach told the Houston Business Journal that he was attracted to The Beverly project because of its unique location.

"The site is so special due to its unrestricted reserve status," Leach said. "The other thing that attracted me to the project was my friendship with Amir and Alan."

Amir Taghdisi said the idea for The Beverly was to maximize the amount of space and privacy available to each unit.

“A key driving factor of this approach was to ensure each unit had the same incredible view,” Amir Taghdisi said. “Often, you’ll see condo buildings where only one side of the building has great views because the floor plates are all chopped up. But here, each unit will be able to look out over Memorial Park and the Post Oak skyline.”

Each unit at The Beverly will be accessed by one of two elevators, which will open into a secure foyer, Amir Taghdisi said. Once inside, residents can expect a 4,378-square-foot floor plan and a 370-square-foot covered terrace.

The four-bedroom, four-and-one-half-bath floor plans were designed with an open concept in mind, Amir Taghdisi said.

The units will be outfitted with Eggersmann cabinets, Sub-Zero refrigerators and Wolf appliances. The units will also have their own storage closet, an individual air-conditioning unit, a separate back-up generator and a Juliet balcony for each bedroom.

Ceilings in each unit will be 10 feet in height, except on the seventh floor, where they will be 12 feet. Additionally, the second-floor unit will have its own 2,000-square-foot wrap-around terrace.

The terraces for each unit will have gas grills, a beverage center with a sink and a pet-relief area that drains into a sanitization system, Amir Taghdisi said.

“We wanted to approach the building as though each unit is a penthouse,” he said. “There aren’t any introductory units or middle-of-the-road floor plans. Every unit will be very high end.”

Units at The Beverly will start at $4 million, Amir Taghdisi said.

The project is expected to break ground this summer, with a tentative delivery date of December 2024. Houston-based Mirador Group served as the architect on the project.

Rama Cos., which is best known for developing retail and restaurant projects, has recently begun moving into the condo space and has several additional sites slated for condo development.

Amir Taghdisi said he believes the market is ripe for a boutique project like The Beverly.

“You could sit all of those developing condo buildings in Houston around a dining table and still have chairs left over,” he said. “There just aren't very many condos available. There are a few projects in the works, but they’re all high rises. We have seen these kinds of projects, with one unit per floor, do very, very well in places like New York and Los Angeles because not everyone wants to be in a tower, where they share a floor with other people.”

In fact, The Beverly takes its name from Beverly Hills, where Amir Taghdisi and his brother went to research similar boutique condo buildings.

“When we went to L.A., we saw all of these really, really nice buildings in great locations that were doing really well,” Amir Taghdisi said. “We thought Houston needed something like that.”

Since its founding in 1998, GT Leach Constructors has built more than 3,000 condo units, making the company one of the most prolific condo builders in greater Houston.

The company is currently serving as general contractor on DC Partners’ $550 million The Allen project, which is nearing completion.

When it is finished, the condo and hotel portion, dubbed The Residences at The Allen, will have a 170-room Thompson Hotel occupying the first 15 floors of the tower and 99 condo units on floors 16 through 35. The condo units will consist of one-, two- and three-bedroom floor plans, as well as 17 penthouses — including one full-floor penthouse.

The tower topped out in January 2022.

Earlier this year, The Allen Lifestyle Pavilion, the freestanding retail portion of the development, was honored as the Retail category winner in the Houston Business Journal’s Landmark Awards.

GT Leach Constructors is the general contractor on that portion of the project, as well.

Jeff Jeffrey

Senior reporter - Houston Business Journal

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