Ritz-Carlton Residences Houston Condos Record Sales

The Ritz-Carlson Residences in Uptown, Houston, is surpassing $203 million in sales before it even breaks ground.

After only four months since the plan to construct the 600-foot-tall, 45-story tower at 2120 Post Oak Boulevard was announced, sales led by Redeavor Group are moving at a breakneck pace, according to the Houston Business Journal. Included in the staggering sales is the building’s penthouse, which was sold for $30 million. According to the outlet, it’s potentially the highest-price condo ever sold in the state.

The totality of the development, when completed, will include a 156-key hotel and 112 branded residences for sale. The target date for completion is sometime in the fall of 2029. In addition to the housing, the building will feature 27,000 square feet of amenities for those who own condos and access to another 50,000 square feet of space for amenities earmarked for the hotel.

Other amenities include pet care facilities, a private fitness center, heated lap pools, and an in-house combination restaurant bar. Outside of the space allocated for both the hotel portion and residents, all ownership amenities will be separate from the hotel.

According to the outlet, Houston-based developer Deiso Moss says the firm has seen $53 million in sales over the past 30 days, also adding that around 80 percent of the purchases have come from Houston and its surrounding suburbs.

The Houston area continues to swell in demand for more branded luxury condos, and a slew of developers are all too happy to oblige. Satya’s St. Regis condo building at 102 Asbury Street in Houston’s Rice MIlitary neighborhood previously held the record for most expensive condo sold in Houston for $14.5 million prior to the penthouse sale at 2120 Post Oak Boulevard. The Randall Davis Company is making strides to add a 15-story, 33-unit condo building, nicknamed “Chaucer” at 2360 Rice Boulevard for $65 million, and Howard Hughes Holdings is adding another Ritz-Carlton project in the firm’s home base of The Woodlands.

— Hunter Cooke