DC Partners’ Residential Expansion Shows Houston Is Ready To Embrace Luxury Condo Living
The rise of the luxury condo market has made way for DC Partners’ biggest project yet. The Allen will tout a Thompson Hotel, retail and office along the Allen Parkway, but perhaps most notable is the residential component — high-end condos, something still not attempted often in Houston.
The growing number of sold-out condo projects illustrates to lenders that the Bayou City can support ambitious projects, DC Partners Chief Operating Officer Acho Azuike said.
Renderings revealed for new luxury mixed-use development on Allen Parkway
The development team behind a future mixed-use project on Allen Parkway near downtown has released renderings of the project.
Houston-based DC Partners and Tianqing Real Estate Development LLC — the U.S. subsidiary of Tianqing Group Real Estate Co. Ltd., one of the largest real estate developers in China — teamed up to develop the $500 million-plus project last year. Architecture firm HOK designed the development, according to an April 25 press release.
An early look at proposed upscale development overlooking Buffalo Bayou
Renderings released Tuesday show a sleek development of glass and steel towers along a scenic 6-acre site on Allen Parkway.
DC Partners and Tianqing Real Estate Development are planning the $500 million-plus project whose first phase will include a luxury hotel and condominium tower, a retail pavilion and office building.
The HOK architecture firm is designing the project with “architecture never before seen in the Houston area,” according to a statement. Transwestern Retail and Stream Realty Partners will handle retail and office leasing.
More mixed-use heading for Allen Parkway
A Houston developer who purchased six acres across from Buffalo Bayou Park said he expects to begin construction of a mixed-use development on the site in early 2018.
Roberto Contreras, a Mexican entrepreneur who formerly ran a local distributor of Silestone, said initial plans call for a luxury hotel, housing, shops and an office tower.
Contreras, president and CEO of Houston-based DC Partners, hired the Gensler architecture firm to create a plan for the site on the southeast corner of Allen Parkway and Gillette, next to the Federal Reserve Bank. The company purchased the property from HTX Real Estate Partners. The deal closed in May.