Residential developer moves forward on Galleria-area condo tower
By Olivia Pulsinelli Senior web editor, Houston Business Journal
Houston-based Pelican Builders Inc. has released more details about its plans for a condo tower in the Galleria-Tanglewood area.
News broke in January that the company would buy a 1.26-acre site at 5656 San Felipe St., the northeast corner of San Felipe and Chimney Rock Road, to build a 17-story condo tower with 67 luxury residences and 191 parking spaces.
Now, that project has been dubbed The Hawthorne, named for "Tanglewood Tales" author Nathaniel Hawthorne, according to a June 14 press release.
Houston-based Kirksey Architecture is designing the building, while Lauren Rottet of Houston-based Rottet Studio is the interior designer, per the release. The Sudhoff Team will handle sales and marketing, and a sales center is expected to open this summer. Renderings also are expected to be released when the sales center opens.
Units will average 2,700 square feet in size and start at $1.3 million, per the release. Amenities will include centralized Wi-Fi, voice-controlled home automation and sizable outdoor terraces.
Pelican decided on the location in order to target the "underserved area west of the 610 Loop that would appeal to downsizing residents in Tanglewood, Briarcroft, Briargrove and the Memorial Villages," the release states.
In January, Mission Capital Advisors’ Debt and Equity Finance Group arranged a $7.3 million non-recourse land loan to acquire the land, which previously housed several small residential structures. That announcement — as well as the June 14 press release — both cite an unmet demand for new condominiums as several Houston projects have wrapped up in recent years.
In the Galleria area, Pelican also recently developed The Wilshire, a condominium tower just inside the Interstate 610 Loop.
In August 2018, Pelican broke ground on The Revere, a nine-story condominium in the River Oaks area. More than 75 percent of units in that project, at 2325 Welch, are already sold, and move-ins aren't expected until late 2020, per the June 14 release. Robert Bland Sr., founder and principal of Pelican, shared more details with the Houston Business Journal in March 2018 about his 10th project in Houston.