Builders Break Ground On Another River Oaks Mid-Rise With Condos Starting At $1.5M
River Oaks is gaining another mid-rise made up of multimillion-dollar condominiums with the groundbreaking of Randall Davis Co.'s London House.
The 12-story, 70K SF tower at 2323 San Felipe St. is already 35% sold, according to the property's website. Randall Davis announced that construction began Tuesday, and the project is set to deliver in mid-2024.
The building will have 23 units — 19 standard and four penthouses — that range from 2.7K SF to 4.2K SF, according to a news release. All units have at least three bedrooms and 2.5 bathrooms. Standard units start at $1.5M and penthouse units start at $3.8M.
Amenities include a four-story parking garage, a dog run and pet washing station, along with an option to customize units, including the addition of an outdoor kitchen for early buyers. The design of the mid-rise draws inspiration from the neighboring River Oaks townhomes and London’s Chelsea neighborhood, the release states.
“It’s our goal to bring a smaller, more exclusive residence to River Oaks and provide those seeking a luxurious lock-and-leave lifestyle with unobstructed views of the fabulous neighborhood, high-quality design and state-of-the-art amenities,” said Randall Davis, who is developing London House with his daughter Natalie.
Less than a half mile away at 2419 Mimosa Drive, Pelican Builders expects to break ground this quarter on The Lexington, an eight-story, 114K SF condominium complex with 40 units ranging in starting price from $1.7M to $4.3M. The project should be delivered about 18 months after the start of construction, placing its completion around the same time as London House.
But there seems to be a robust market for these types of units in the River Oaks area, as Pelican Builders’ The Revere, also less than a half mile from London House, opened in summer 2020 and sold out in August.
Randall Davis Co. had also planned in 2020 to build a 25-story boutique high-rise of condominiums on Westheimer Road between River Oaks and the Galleria area, but the project was canceled in 2021 due to the coronavirus pandemic.
Douglas Elliman Development Marketing is handling the exclusive sales and marketing for London House.