An Atlanta developer has partnered with a high-end Italian designer to build its second luxury condominium project in Houston.
Stolz Partners LLC, in collaboration with furniture maker Giorgetti, are planning to develop Giorgetti Houston, a luxury condo project in Upper Kirby.
The seven-story, 32-unit project will sit on a little less than an acre at the northeast corner of Steel Street and Virginia Avenue, just south of the West Ave mixed-use development. Stolz Partners is currently under contract for the land, which was the former site of the Kirby Court apartments.
Giorgetti Houston, designed by Houston architect Mirador Group, will feature a contemporary glass, stucco and masonry exterior, inspired by iconic furniture designs from Giorgetti.
The condo will offer two-bedroom units with a study and three-bedroom units averaging about 3,000 square feet of living space as well as up to 500 square feet of outdoor terrace space. The units will feature high-end kitchen and bathroom cabinets designed and manufactured by Giorgetti as well as Gaggenau appliances. Prices will average just under $2 million.
The project will have four penthouse units — boasting 5,000 square feet of living space — on the top floor with views overlooking the Upper Kirby area.
Giorgetti Houston will feature a well-appointed lobby area furnished with Giorgetti furniture. There will be some common lounges and outdoor spaces, as well as a fitness room, but the project was intentionally designed without costly amenities, like a pool or a large club room, to save on HOA fees, said Will Stolz, founder and owner of Stolz Partners.
Giorgetti Houston will likely appeal to working professionals and empty nesters who want to live within walking distance to neighborhood shops, restaurants and offices, said Stolz.
Stolz Partners plans to open a sales center at the Internum furniture store, 3303 Kirby Drive, in mid-September, and will break ground on the project after preselling half of the units. Houston-based Sudhoff Cos. is marketing the project. The general contractor and engineering teams are yet to be determined.
Stolz Partners is doubling down on Houston’s luxury condo market despite the oil slump. The developer is also developing The Sophie, a seven-story, 42-unit luxury condo project near Memorial Park. The developer has sold nearly a fifth of the units inside The Sophie since presales began less than a month ago.
Paul Takahashi covers residential and multifamily commercial real estate for the Houston Business Journal.