Wellness-Focused Luxury Condo Tower Coming To River Oaks: The Houston Deal Sheet

Everlight Group plans to develop Ace & Ivy, an 11-story boutique condominium tower in River Oaks with 31 residences starting at $2.8M.

The wellness-focused project at 3100 W. Alabama St. is set to include a 45K SF pickleball club. It is slated for groundbreaking in spring 2027 and occupancy in 2028.

The residences are planned as part of a mixed-use development that will also integrate retail and dining spaces along with an indoor 15-court pickleball club. 

Designed by Lake Flato architecture firm, each residence will have a sauna, steam shower and red light therapy. There will be three penthouses, which will also have hot-and-cold contrast therapy and red light therapy beds.

Community amenities will include a spa with hydrotherapy and meditation rooms, a fitness center with a yoga studio, a pool deck, a lounge, a catering kitchen, a mah-jongg parlor and a garden. 

“Ace & Ivy was founded on the belief that your home should help you live well,” Everlight Group CEO Winson Ho said in a press release.

This is the first project for Everlight Group. Douglas Elliman Development Marketing will handle sales and marketing.

PEOPLE

Kirksey Architecture hired Cheryl Diamond as director of business development, a newly created role supporting growth across its Texas offices. Based in Houston, Diamond will work with market directors, with an initial focus on science and technology, healthcare, commercial and residential. 

Diamond joins Kirksey from Corgan.

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Lee & Associates hired Courtney Knightstep-Buckout as a director in its Houston office. She will lead office landlord representation across Clear Lake, Houston and Baytown markets. Her role will involve overseeing strategic positioning, leasing performance and value optimization for office assets. 

Before joining Lee & Associates, Knightstep-Buckout was a senior associate at Avison Young and a vice president at Madison Marquette. 

SALES

Colliers announced the sale of a 52K SF industrial flex property at 9191 Gulf Freeway. David Carter and Jeff Peltier of Colliers represented the seller, while Chase Spence and Jordan Trout of Colliers represented the buyer.

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Knightvest Capital acquired Gables Post Oak, a 316-unit mid-rise apartment community between River Oaks and the Uptown Business District.

Knightvest plans to renovate and improve the leasing center, fitness center and resident lounges. It will also renovate most of the unit interiors. Knightvest renamed the community Hollings Post Oak.

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BGO, on behalf of an institutional investor, acquired Building 9 and Building 10 at Empire West Business Park at 100 Empire Blvd. in Brookshire. The buildings, totaling 1.7M SF, are fully leased to Tesla.

The seller was Stream Realty Partners, the developer of Empire West. Stream acquired the land for the development in October 2019 and previously sold buildings 1, 3 and 8, totaling 1M SF, along with a 17-acre outdoor storage yard. 

The transaction was listed by Stream’s Capital Markets team, led by Seth Koschak and Matteson Hamilton, in coordination with Eastdil Secured and in partnership with Justin Robinson and Stream’s Investment Management team, including Mustafa Ali and Adam Jackson. 

LEASES

Transwestern announced three office leases totaling 123K SF at Sam Houston Crossing II, a 159K SF Class-A office building at 10344 Sam Houston Park Drive in Northwest Houston owned by Buchanan Street Partners.

Transwestern’s Louann Pereira and Doug Little represented the landlord in all negotiations. The activity includes: 

• Forum Energy Technologies, a manufacturing company serving the oil, gas, defense and energy industries, renewed its 81K SF lease. Jeff Cairns of JLL and Bill Boyer of CBRE represented Forum Energy Technologies.
• John Moore Services, a Houston-based home services provider, leased 16K SF and was represented by Charles Dorfman of Cresa.
• RPT Alliance, an oil and gas services company, leased 25K SF, which includes a 12K SF expansion. JLL represented RPT. 

THIS AND THAT

John Ferruzzo, a market leader at KBC Advisors, who was recently named NAIOP Houston’s Industrial Broker of the Year, and his wife, Andrea, established a foundation to support children with special needs. The Katherine Ferruzzo Legacy Foundation is in honor of their daughter, who was one of 27 victims of devastating flooding at Camp Mystic on July 4, 2025. 

A graduate of Memorial High School, 19-year-old Katherine was a counselor at Camp Mystic. She had been accepted to the University of Texas at Austin for the fall, where she was to be a special education major. She ultimately planned to become a special education teacher.

"In some ways, it's a little ironic I am winning this award now, after such a terrible year," John Ferruzzo said at the NAIOP event last week, per the Houston Business Journal.

The Ferruzzos are also involved in Heaven’s 27 Foundation, which campaigns for improved safety at camps.