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Bucking the trend, optimistic developer stays on course with two mid-rises, condos from $1.3 million

The Sophie 120036With high-rise projects across the city going on ice until the local economy revives, Will Stolz, founder of Stolz Partners, is moving fast forward on his luxury mid-rise condo projects, The Sophie, on Memorial Drive, and the Giorgetti Houston on Steel Street in the Upper Kirby District.

In May, the Atlanta-based real estate development and investment venture unveiled The Sophie, a seven-story, 42-unit project with condos starting at $1.3 million. The site was originally destined to become an Italian-inspired development of 17 townhomes. But with the oil downturn, Houston-based residential builders Butler Brothers axed that project, even after improvements had been made to the property.

"With several high profile projects being shelved, it’s a natural question for a city that’s experiencing some economic setbacks and still in its condo infancy to ask why the timing is right for another building," Stolz tells CultureMap. "As an outsider, I see a large, diverse and vibrant market that’s stabilizing and will soon be on the upswing – just the place where I want to be as a developer."

The Giorgetti HoustonFurther he views the reports of gloom and doom on market as an over-simplification of what is happening in a complex real estate market. "That view doesn’t take into account the differentiators of each property, ranging from price per square foot and amenities to the location and floorplans," he says. "Also, a great deal of emphasis is also being placed on concepts not coming to fruition, rather than the many successes, which are at least 50% spoken for before the first brick is laid."

At a promotion event last week, Stolz announced that 20 percent of the units in The Sophie had already been spoken for with little if any work yet to begin.

"We’ve done a lot of research to match The Sophie with our target buyers, and through initial traffic, input and pre-sales, we believe that it is the right building, in the right place at the right time," he said.

Residences in The Sophie will range in size from approximately 2,400 to nearly 5,000 square feet. Private terraces will average more than 400 square feet and depending on location in the building, capturing views of downtown, Memorial Park, Buffalo Bayou and River Oaks Country Club, while creating outdoor living rooms equipped with summer kitchens and fireplaces.

The Mirador Group has designed the project with a classical facade fashioned from stone and plaster on the, two-acre site which is just steps from the Bayou Bend Visitors Center. Mirador also designed the contemporary seven-story, 32-unit Giorgetti Houston. Both properties are being marketed by the Sudhoff Companies.

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A New Memorial Park Mid-Rise Sets Its Sights on a Posh Crowd: The Stunning Views Cost $1.2 to $3 Million Per Condo

The Sophie 120036Residential palaces continue to rise against Houston’s skyline, and the activity shows no signs of ceasing. In its April issue, PaperCity explored this progressive building boom, comparing the posh specs of nearly 50 luxury high-rise and mid-rise towers in progress across the city.

Now another high-end residence is adding itself to the mix: Sudhoff Companies has teamed up with Atlanta-based property developer Stolz Partners for The Sophie at Bayou Bend, a six floor, 42-unit mid-rise at 6017 Memorial Drive.

“We are extremely excited for this endeavor,” says Jacob Sudhoff, CEO of Sudhoff Companies. “Not only does it formally introduce Stolz Partners — a company with a proven track record of more than $1 billion of residential and mixed-use real estate successes in five states — to Houston, but it also responds to strong Inner Loop demand for upscale, single-floor residences with functional outdoor space, low maintenance fees plus 24-hour attended lobby and convenience.”

The Sophie’s design embraces its foliage-filled ambience: The building borders Memorial Park and MFAH’s Bayou Bend Collection and Gardens (hence the mid-rise’s moniker).

Houston-based design firm Mirador Group brings The Sophie’s garden feel to the forefront in more ways than one. The residences, which range from 2,400 to nearly 5,000 square feet in size, are each fashioned with a 400-square-foot terrace, each of which includes a summer kitchen and a fireplace. Of course, the view isn’t too shabby, either, overlooking Memorial Park, Buffalo Bayou and River Oaks Country Club.

In addition to the standard luxury touches, like 10-foot ceilings and state-of-the-art appliances, the complex will include a 24-hour concierge, private garages, an ultramodern fitness center complete with a virtual yoga studio, expansive green spaces (including a dog park), water features, private sitting quarters and art installations.

The Sophie at Bayou Bend is currently in pre-sales; prices range from $1.2 to around $3 million. An official opening date has not been revealed.

BY JAILYN MARCEL, Papercity

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Luxury Condo Planned Near Memorial Park

A luxury condominium is planned for the former site of an Italian-style townhome project near Memorial Park.

Stolz Partners LLC is under contract to purchase a nearly 2-acre site at 6017 Memorial Drive, just west of Westcott Street and the Bayou Bend Collections and Gardens. The Atlanta-based developer is set to close on the property within six months, said Will Stolz, founder and owner of Stolz Partners.

The gated property was initially being developed as a luxury townhome community called Piazza Lucca. Butler Brothers, a Houston-based residential builder, had broken ground on the 17-home community in early 2015, but have since axed the project.

A new condominium midrise called The Sophie at Bayou Bend is now set to rise on the property. The name is a derivative of the word “sophisticated,” Stolz said.

The seven-story building, designed by Houston architect Mirador Group, will feature a timeless design and a cast-stone exterior. The interior will feature just 42 units, ranging in size from 2,400 square feet to nearly 5,000 square feet.

Each unit will feature private terraces averaging more than 400 square feet with views of downtown Houston, Memorial Park, Buffalo Bayou and the River Oaks neighborhoods. The terraces will feature outdoor kitchens as well as an optional pet relief area, an artificial turf section with a drainage system that is easy to hose down and clean.

“Our buyers are coming into the condo market from single-family homes,” Stolz said. “These big covered balconies gives them the ability to hang out outside. They don’t have to give up their grill or pets.”

The units also will feature nearly 10-foot ceilings; SieMatic millwork; quartz, stone and Neolith countertops; Sub-Zero Wolf appliances; oversized closets; freestanding bathtubs and pre-wiring for a home automation system. The units will average about $1.8 million in price.

Common-area amenities include direct-entry elevator access on most units, two-levels of gated parking as well as private garages; a fitness center with a virtual yoga studio, landscaped grounds with a dog park, water features and benches. The lobby area will feature sitting areas for residents and guests, as well as a 24-hour concierge service.

The Sophie will not have a rooftop amenity deck, a clubhouse or a resort-style pool, although there will be an area set aside for a swimming pool should residents decide to build one, Stolz said. The developer made a conscious decision not to create a highly-amenitized condo, he said.

“We’re trying to keep the HOA dues within this building relatively low,” Stolz said, adding the HOA fees will be about 40 cents per foot.

Sudhoff Co. has begun marketing and pre-selling units inside The Sophie. Stolz Partners will break ground on The Sophie after 50 percent of units are sold.

Stolz Partners is interviewing three general contractors to build the concrete-and-steel building. The developer has yet to determine a structural, civil and MEP engineers for the project.

Stolz Partners has developed more than $1 billion of residential and mixed-use projects in five states. The Sophie is the developer’s first new construction project in Houston. Stolz Partners is renovating the historic Strand Lofts in downtown Galveston and is turning several apartments in Montrose into condos.

Article was written by Paul Takahashi of the Houston Business Journal. For the full article please click here.

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Exclusive: Luxury condo to replace axed Italian-style townhomes

The Sophie 120036A luxury condominium is planned for the former site of an Italian-style townhome project near Memorial Park.

Stolz Partners LLC is under contract to purchase a nearly 2-acre site at 6017 Memorial Drive, just west of Westcott Street and the Bayou Bend Collections and Gardens. The Atlanta-based developer is set to close on the property within six months, said Will Stolz, founder and owner of Stolz Partners.

The gated property was initially being developed as a luxury townhome community called Piazza Lucca. Butler Brothers, a Houston-based residential builder, had broken ground on the 17-home community in early 2015, but have since axed the project.

A new condominium midrise called The Sophie at Bayou Bend is now set to rise on the property. The name is a derivative of the word “sophisticated,” Stolz said.

The seven-story building, designed by Houston architect Mirador Group, will feature a timeless design and a cast-stone exterior. The interior will feature just 42 units, ranging in size from 2,400 square feet to nearly 5,000 square feet.

Each unit will feature private terraces averaging more than 400 square feet with views of downtown Houston, Memorial Park, Buffalo Bayou and the River Oaks neighborhoods. The terraces will feature outdoor kitchens as well as an optional pet relief area, an artificial turf section with a drainage system that is easy to hose down and clean.

“Our buyers are coming into the condo market from single-family homes,” Stolz said. “These big covered balconies gives them the ability to hang out outside. They don’t have to give up their grill or pets.”

The units also will feature nearly 10-foot ceilings; SieMatic millwork; quartz, stone and Neolith countertops; Sub-Zero Wolf appliances; oversized closets; freestanding bathtubs and pre-wiring for a home automation system. The units will average about $1.8 million in price.

Common-area amenities include direct-entry elevator access on most units, two-levels of gated parking as well as private garages; a fitness center with a virtual yoga studio, landscaped grounds with a dog park, water features and benches. The lobby area will feature sitting areas for residents and guests, as well as a 24-hour concierge service.

The Sophie will not have a rooftop amenity deck, a clubhouse or a resort-style pool, although there will be an area set aside for a swimming pool should residents decide to build one, Stolz said. The developer made a conscious decision not to create a highly-amenitized condo, he said.

“We’re trying to keep the HOA dues within this building relatively low,” Stolz said, adding the HOA fees will be about 40 cents per foot.

Sudhoff Co. has begun marketing and pre-selling units inside The Sophie. Stolz Partners will break ground on The Sophie after 50 percent of units are sold.

Stolz Partners is interviewing three general contractors to build the concrete-and-steel building. The developer has yet to determine a structural, civil and MEP engineers for the project.

Stolz Partners has developed more than $1 billion of residential and mixed-use projects in five states. The Sophie is the developer’s first new construction project in Houston. Stolz Partners is renovating the historic Strand Lofts in downtown Galveston and is turning several apartments in Montrose into condos.

Paul Takahashi covers residential and multifamily commercial real estate for the Houston Business Journal

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SF Capital Unveils Historic Building Renovation

Via Galveston Monthly:

SF Capital, a real estate development and investment venture firm, recently announced the launch of its latest project, The Strand Historic Lofts, located at 2400 Mechanic Street in downtown Galveston. Originally a printing press built in 1890, the classic building has been transformed into signature residences with unmistakable style, highlighting the allure of the Historic Strand District.

“Each home is unique and has a story behind it,” said SF Capital Principal Will Stolz. “We are carefully renovating and transforming this historic building into high-style lofts. Each home offers high-end fixtures and unmatched, impressive finishes that integrate exposed original brick walls, authentic tongue and groove pine wood floors, soaring 12-14 foot exposed beam wood ceilings and original, beautiful 10 foot windows and storm shutters.”

The signature 37 condominium residences with urban flair, feature controlled-access entry, gated garage parking, fitness center and a rooftop deck. Residents may choose from unique one or two bedroom floor plans ranging in size from approximately 900 square feet to nearly 1,900 square feet and are priced from the low $200s.

Many homes feature distinctive, historic architectural details such as ceilings with wood timbers and iron arches, iron turnbuckles and tin-clad rolling fire doors. Antique elevator cables and carriages give residents their own piece of history. Additional artifacts from the Gutenberg Printing Press, a “stairway to nowhere” and antique vaults can also be found in the homes.

The Strand Historic Lofts boasts high-end modern aspects such as in-wall USB charging ports, Elfa closet systems, updated kitchens with center islands and built-in premium stainless steel appliances. Residents will enjoy granite, honed marble, quartz or slate kitchen countertops and upgraded designer lighting. Custom cabinetry features stained or painted finishes and additional double-height cabinets with rolling ladder access. Bathrooms include custom vanities with Carrara marble tile floors, shower surround and countertops with double under mount sinks and faucets.

The developers seized the opportunity to restore and improve the grand old building, which was built in 1890 as the home office for Clarke & Courts Printing, one of the most successful printers in Texas during the early twentieth century. In 1994, the building was converted into lofts while still maintaining the original architectural details, making it a proud part of Galveston’s legacy and renaissance.

Sales and marketing for The Strand Historic Lofts are handled exclusively by The Marketing Directors, LLC. The sales center and fully furnished designer model, located at 2400 Mechanic Street, are open Monday, Thursday and Friday from 10 a.m. – 6 p.m., Saturday 10 a.m. – 5 p.m. and Sunday noon – 5 p.m. For more information about the lofts, visit www.thestrandlofts.com.

Source: http://www.galvestonmonthly.com/files/asse...

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Stolz Partners, LLC
12645 Birmingham Highway
Alpharetta, Georgia 30004
770.390.2555
Stolz Partners, LLC
12645 Birmingham Highway
Alpharetta, Georgia 30004
770.390.2555

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