A new Ritz-Carlton Hotel & Residences is planned for 2120 Post Oak Boulevard in Houston, bringing the city its first Ritz-Carlton residences and marking the second such project in the metro area. The development will stand 44 stories tall and include 154 hotel rooms and 114 condominiums, each starting at 2,200 square feet. Owners will have access to 27,000 square feet of exclusive amenities, along with another 50,000 square feet within the hotel. Pricing details have not yet been released.
The project is a revival of an earlier proposal by Deiso Moss for a mixed-use tower on the same site that had previously stalled. In 2022, Deiso Moss secured a $26.1 million bridge loan from Northwind Group before work paused. Now, Deiso Moss and Cleary Interests are working with Marriott International to move forward.
Pickard Chilton and Ziegler Cooper are leading architecture design efforts, Rottet Studio is handling interiors, and Harvey Cleary is overseeing construction. Redeavor Group is managing marketing for the property, with private previews expected later this year.
“Howard Hughes Holdings’ Ritz-Carlton development in The Woodlands is already raising the bar for condo prices in the metro.That development, on 8 acres overlooking Lake Woodlands, was more than 70 percent sold within its first year, with prices topping $1,500 per square foot and generating about $330 million in revenue,” according to the developer.
Houston’s condo market has historically lagged behind coastal cities but has seen increased interest from developers leveraging luxury brands to attract affluent downsizers and international buyers. Other branded projects underway include Transwestern’s Auberge-branded condos at The RO and Satya’s St. Regis-branded residential tower near Memorial Drive—over 40 percent pre-sold as of March.
Jeff Samples with IBC Bank commented on these trends: “the branded condo wave is a bet on Houston’s growing wealth base.” He noted that aging baby boomers looking to downsize from River Oaks estates may now consider staying centrally located rather than moving further out.
