Deiso Moss’ Houston Ritz-Carlton Tower to Include $30M Condos

Developers are aiming to raise the stakes in Houston’s luxury condo market with a 45-story Ritz-Carlton condo-hotel tower planned along Post Oak Boulevard.

Deiso Moss and investor Cleary Interests plan to break ground this summer on the project at 2120 Post Oak Boulevard, with completion targeted for 2029. The Ritz-Carlton Residences, Houston will combine a 156-room hotel with 112 condos priced from about $3 million to more than $30 million, the Houston Chronicle reported.

The development team has quietly marketed the units for the past two months, with several units already presold, according to the developers, although they declined to disclose how many. Brokerage Redeavor is launching a broader sales campaign and website this week, according to the outlet, but the condos will continue to be sold privately rather than through the Multiple Listing Service.

If the upper end of pricing holds, the tower could challenge Houston’s residential price records. The city’s highest MLS-recorded home sale remains a Memorial neighborhood estate that traded for more than $20 million in 2022.

The project would also bring the Ritz-Carlton flag back to Houston proper. The city once had a Ritz-Carlton hotel in River Oaks that lost the branding in the late 1990s. The new development would be the only Ritz-Carlton hotel within Houston’s city limits and the third in Texas. Another Ritz-Carlton-branded residential project is underway in The Woodlands, though that development does not include a hotel component.

Developers said the branded component is central to the project’s pitch. According to the outlet, hotel-branded condos typically command a 20 percent to 30 percent premium over comparable units, according to the development team, based on both the appeal of brand recognition and access to hotel-style services.

The tower itself will rise roughly 605 feet, making it one of the tallest structures in the Galleria area, after only the nearly 900-foot Williams Tower. Architecture firms Pickard Chilton and Ziegler Cooper designed the Art Deco-inspired exterior, drawing cues from downtown’s historic Gulf Oil Building, according to the publication.

Inside, the development will include 35,000 square feet of restaurants, a 15,000-square-foot ballroom and about 50,000 square feet of hotel amenities. Residential amenities will span roughly 27,000 square feet, with about 1.1 acres of landscaped outdoor spaces threaded through the property.

Units will range from roughly 2,360 square feet to 9,800 square feet, with two- to four-bedroom floor plans, each including a private outdoor loggia.

The project lands as Houston sees a wave of high-end branded residential developments, including The Allen in Montrose, the planned Birdsall tower near River Oaks and the forthcoming St. Regis Residences near Memorial Park.

— Eric Weilbacher