Randall Davis Company is in the process of adding another project to Houston’s burgeoning luxury condo inventory.
Chaucer, a project from Randall Davis’ namesake development company, has reached its ultimate height, the Houston Chronicle reported. The 15-story, 33-unit condo project, at 2360 Rice Boulevard, is expected to cost $65 million.
Chaucer joins a robust list of upcoming luxury condo projects coming to Houston. Satya is developing the state’s first standalone St. Regis branded condo project at the doorstep of Houston’s exclusive River Oaks neighborhood. Howard Hughes Holdings is building one of two upcoming Ritz-Carlton condo buildings in The Woodlands. The other, which is being developed by Deiso Moss, is expected to take shape in Houston’s Galleria neighborhood.
The outlet reported that at least 7 projects are under construction in Houston, and they’ll bring 460 condo units priced above $1 million to the area.
Condo markets across the Lone Star State are relatively new, compared to places like Miami and New York. That’s in part because luxury buyers in Texas have long preferred sprawling estates and ranches to vertical living. Plus, it’s hard to finance condo projects in Texas, which does not allow developers to use pre-sale deposits as collateral for construction financing.
The success of the few projects in the pipeline show there’s an appetite for luxury vertical living among Texas buyers.
In March 2025, Satya added another floor to its plans for the St. Regis due to strong buyer demand. The property broke pricing records when it listed the project’s remaining penthouse unit. The 4,670-square-foot unit was listed for $14.5 million or $3,100 per square foot, making it the city’s most expensive condo in history.
According to the Houston Association of Realtors, the top 10 most expensive high-rise sales recorded in Houston range in asking price from $4.9 million to $7.5 million, putting prices per square foot at between $421 and $1,290.
— Jess Hardin
Read more
Development
Texas
Who orders a Texas condo when there’s ranch on the menu?
Residential
Houston
St. Regis $3,100-per-sf penthouse listing shatters Houston’s high-rise record
Texas
Ritz meets Texan-size pricing goals