Post on 27-Jul-2016
description
T H E W I L S H I R E N E W S L E T T E R | V O L . 1 - S P R I N G 2 0 1 6
Experience The Wilshire Advantage
L E T T E R F R O M T H E D E V E L O P E R
PAGE 2
A R C H I T E C T U R A L I N S P I R A T I O N S
PAGE 3
C O N S T R U C T I O N U P D A T E
PAGE 4
S A L E S & M A R K E T U P D A T E
PAGE 6
R I V E R O A K S D I S T R I C T U P D A T E
PAGE 7
E X P E R I E N C E . Q U A L I T Y . R E P U T A T I O N
LETTER FROM THE DEVELOPER
ROBERT F. BLAND | FOUNDER - PELICAN BUILDERSDEREK W. DARNELL | PRESIDENT - PELICAN BUILDERS
We are delighted to welcome you to The Wilshire. The Wilshire
will be an exceptional residential building, enhanced by its close
proximity to River Oaks District, Houston’s newest upscale retail
and dining area. Our talented team of architects, Kirksey
Architecture, has designed a building with attractive, lasting,
and functional architecture. It will be a landmark building,
in a landmark location, in Houston, Texas, the fourth largest city
in the United States. Construction of our tower began in August
2015. The drilled concrete shaft foundation is now complete,
and the structure of the building is rising weekly, with the fourth
level concrete floor now in place. During the construction process
all work is carefully inspected by our architects and engineers to
assure that the demanding requirements of the developer and
architect are met. Construction will be complete in the summer
of 2017.
Pelican Builders, Inc. has extensive experience in high-rise
residential development, and takes pride in producing a quality
product, and in giving careful attention to the needs and desires
of its buyers. Our sales office is open daily, and our staff is always
available to help. We welcome your questions and comments at
any time. As the project moves forward, we will keep you
informed by periodic newsletters.
We look forward to our association with you during the
construction process, and upon completion it will be our
pleasure to deliver to you a quality and excellent
condominium home.
Cordially,
Robert F. Bland
Derek W. Darnell
ARCHITECTURAL INSPIRATIONS
DOUG HAMMEL | EXECUTIVE VICE PRESIDENT - KIRKSEY ARCHITECTURE
As architects, Kirksey believes it is their responsibility to design high-
performing, healthy buildings that positively impact the people,
environment and communities they serve. Headquartered on their
own corporate campus in Houston, Kirksey is an award-winning firm
comprised of a group of designers and creatives who greatly value
each other, their clients, their community and the earth.
Kirksey was honored to be named the 20th top architecture firm in
the nation by ARCHITECT magazine in their annual Architect 50 list
in 2015. Texas Society of Architects named Kirksey “Architecture Firm
of the Year” for 2012-2013, and the Houston Business Journal has
consistently named Kirksey on their “Best Places to Work” list for
the last 8 years.
Team-based in structure, Kirksey serves Commercial, Collegiate,
Community, pK-12, Government, Healthcare, Hospitality, Religious,
Science & Technology, and Multi-Family Residential markets.
Kirksey is proud to bring their architecture expertise to the design of
The Wilshire, where they custom-tailored this luxury high-rise to match
the client’s vision for an iconic building with a lasting presence. With
such diversity of unit type and scale, The Wilshire is able to accommodate
a variety of different buyers, tastes and price points — located just
steps away from a bustling River Oaks District.
T H E W I L S H I R E | 3
CONSTRUCTION UPDATE
ROB LONG | VICE PRESIDENT - PELICAN BUILDERS
LOOKING NORTH FROM THE TOWER CRANE
The Wilshire continues to progress!
We’ve continued to be blessed with a mild Texas winter and we’ve been
very productive on-site.
Since our last update, we’ve not only poured the slab on grade, but we’ve
also poured all the way through Level 5 of the Tower and the slab on
grade of the Parking Garage. During the month of March, we will pour
Levels 6, 7 and 8.
The building is scheduled to top out in early September. However,
based on productivity and progress to date - we’ll beat that date. As
the building grows, so does the excitement for The Wilshire and
the surrounding neighborhood.
Good things are happening!
As a reminder, here is s a link to the construction camera that we have
installed on top of Highland Tower, just east of The Wilshire. Visit
the URL to see the latest pictures and watch time-lapse images of
our progress!
C O N S T R U C T I O N C A M www.oxblue.com/open/Reed/Wilshire
T H E W I L S H I R E | 4
LOOKING WEST FROM PARKING GARAGE
LOOKING SOUTHWEST FROM LIVING ROOM IN UNIT 303
LEVEL ONE LOBBY
T H E W I L S H I R E | 5
SALES & MARKET UPDATE
MIKE REDDELL | VICE PRESIDENT, DEVELOPMENT SERVICES - SUDHOFF COMPANIES NAT HESTON | ASSISTANT DIRECTOR, DEVELOPMENT SERVICES - SUDHOFF COMPANIES
T H E W I L S H I R E | 6
S A L E S U P D A T E
Sales for The Wilshire at River Oaks District have exceeded all
expectations. In approximately 7 months, over half of the building has
been sold. In comparison, it generally takes 12-14 months to reach this
milestone. There is only one Penthouse space available. However,
very desirable inventory is still available throughout the building
regardless of view corridor preference. As predicted, as River Oaks
District shops and restaurants come on line the interest and pace of
sales at The Wilshire has increased incrementally.
We are grateful for your support and confidence in this exciting
development. Please contact our sales agents if you have friends or
family who might be interested in considering The Wilshire
at River Oaks District for their new home.
M A R K E T U P D A T E
A new report released last week by Sudhoff Companies tracked the
supply and demand of new condominiums. It indicated that 40%
of developer-owned inventory in projects now under construction
was sold during the past year. This sales pace leaves the market with
only approximately 200 new condominiums (approximately 1 year
of inventory) available within this area. The news is the same for the
condo resale marketplace – new listings and available supply are at
their lowest levels in years.
Demand is not likely to wane. One of the largest demographics buying
Houston condos is empty-nesters. This age group, casually referred to
as Baby Boomers, is the fastest growing demographic in the U.S.A.
The increasing demand from buyers wanting to simplify their lives in a
way that only a condominium can satisfy and the dwindling supply of
product will ultimately bring competition for more-preferred inventory.
The supply is even lower for buyers seeking to make a move to a
condominium inside the loop in the next few years. The Sudhoff
Companies report shows availability of new condominiums inside
the loop for projects available for move in within the next three years,
is approximately 140.
55% SOLD!
0
50
100
150
200
250
300
Jan-
15
Feb-
15
Mar
-15
Apr-1
5
May
-15
Jun-
15
Jul-1
5
Aug-
15
Sep-
15
Oct-
15
Nov-
15
Dec-
15
Jan-
16
Feb-
16
Mar
-16
Apr-1
6
May
-16
Jun-
16
Jul-1
6
Aug-
16
Sep-
16
Oct-
16
Nov-
16
Dec-
16
Jan-
17
Feb-
17
Mar
-17
Apr-1
7
May
-17
Jun-
17
Jul-1
7
n AVAILABLE INVENTORY n MONTHLY SALES ABSORPTION RATE
H O U S TO N N E W C O N D O C O N S T R U C T I O N
RIVER OAKS DISTRICT UPDATE
MARK SULLIVAN | ON THE MARK COMMUNICATIONS
Opened in October 2015, River Oaks District is a curated collection of
luxury and best-in-class retail, dining, entertainment and living amenities
located in the heart of Houston. From world-class brands with iconic
storefronts to upscale restaurants and luxury entertainment, River Oaks
District is a shopping and dining destination like none other for both
Houstonians and visitors alike.
Over 60 luxury retailers including: Hermès, Cartier, Dior, Roberto Cavalli,
Dolce & Gabbana, and Tom Ford are set in a sophisticated open-air
environment where shoppers can stroll the walkable, tree-lined streets and
lounge in the courtyard. The global fashion and cosmopolitan streetscape
creates an experience that evokes great worldwide cities while remaining
authentic to its Texas roots.
Beginning spring 2016, visitors will be able to dine alfresco at high profile
restaurants with cuisine options from around the globe. Restaurants opening
in the District include Toulouse Café, a French bistro; Le Colonial, a
highly-acclaimed upscale French-Vietnamese restaurant; Taverna, an Italian
artisan eatery; The Porch, new American restaurant featuring down-home
food and uptown cocktails; Steak 48, a contemporary American steakhouse
from the distinctive and innovative Mastro Family Restaurant Group;
Somomaya, a Mexican-Asian Kitchen; and Hopdoddy, a handcrafted burger
and beer restaurant known for sourcing local, all-natural ingredients.
Luxury entertainment and amenities continue with iPic Theaters, an eight-
screen 560 seat movie theater that is also home to The Tuck Room, an
intimate gastro lounge, as well as with Equinox, a luxury fitness and wellness
destination with a 35,000 square foot club featuring a broad range of fitness,
nutrition and health classes; a juice bar and a full-service spa.
To ensure maximum convenience for shoppers, River Oaks District also
boasts a full-time dedicated concierge team that can provide every perk to
elevate your experience, from making reservations and arranging car service
to delivering.
For more information on River Oaks District, please visit
RiverOaksDistrict.com.
T H E W I L S H I R E | 7
A D E V E L O P M E N T B Y P E L I C A N B U I L D E R S , I N C .
2 0 4 9 W E S T C R E E K L A N E | H O U S T O N , T E X A S 7 7 0 2 7 | TH E WIL S H I R E HOU S T O N . C O M | 7 1 3 . 6 0 0 . 5 0 7 2
PRICES AND SPECIFICATIONS SUBJECT TO CHANGE WITHOUT NOTICE. PLEASE NOTE THESE IMAGES ARE MEANT TO EVOKE THE CHARACTER & MOOD OF THE DESIGN AND NOT MEANT TO REPRESENT EXACT FEATURES OR MATERIALS. THIS INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED.