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L ET T ER F R OM T HE DEV ELO P ER RI CH AR D LEIBOV ITC H | MANAGING PARTNER - AR E L CA P I TA L
LETTER FROM DEVELOPER
The River Oaks – Porte-Cochère
We hope that you and your family were not too badly impacted by the events of the past month. We are pleased to report that The River Oaks suffered only minimal damage from Hurricane Harvey and the tremendous rainfall that the City endured. We were fortunate and grateful to three members of our construction team that stayed inside the building throughout the entirety of the storm. The building systems ran as expected and there was no damage to Amenity Deck
any of our building equipment. We believe that if our building was able to withstand this one thousand year flood event, it bodes well for the durability of our building. Our construction team is nearly back to full strength after having had to stop work during the storm. Some of our suppliers are based in Florida and were impacted by Hurricane Irma. It will take several weeks before everything is back to normal in Houston in terms of traffic and the ability for equipment and materials to make it to the property, however we have been extremely impressed by the resilience of our construction team and the entire community in overcoming this adversity and moving forward to bring life back to normal. We have made great progress at The River Oaks and look forward
Amenity Deck
to completing the project in the next few months. A large number of homes are completed at this point and our common amenity spaces, including the lobby are in the process of being sheetrocked and completed. The arbor steel in the rear yard is now up and the front yard is in the process of being transformed into the wonderful entrance that is rendered on our website. We are currently over 70% sold and continue to see strong interest in buying condominiums at The River Oaks. We believe that the events of recent weeks only reinforces the safety and convenience of condominium living and expect to have several additional sales in the coming weeks. We are currently in the process of hiring the staff for the River Oaks. We are pleased to announce that Tom
Lobby Entry
Romans will be joining us as the General Manager. Tom has over 30 years of experience in hospitality and condominiums and will be relocating with his family from Dallas. We hope that you will be able to join us at our cocktail reception on September 26th when Tom will be formally introduced. Richard Leibovitch
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CONSTRUCTION & MA R K ET UP DAT E MI K E RE D D E L L | VI CE P RESIDENT, DEV ELOPMENT SERV IC ES - SU DHOF F COM PA N I ES
CONSTRUCTION UPDATE
Construction Progress
We have made excellent progress on the unit interiors. Flooring has been installed on floors 5–15, countertops and cabinets are installed through the 8th floor and appliances have been delivered and have been installed on floors 12-15. The townhouse glass is now completed and we are completely enclosed. We are in the process of working on the front landscape grading and the lobby level. The steel structure for the Porte Cochere is now installed and work on our beautiful water feature has begun. The building is now connected with permanent power, gas, storm and sanitary connections. Expect to see a continued transformation in the next two months as we focus on the grand entrance of the building.
HOUSTON CONDO MARKET UPDATE We are now approaching the final sales campaign at The River
are now fewer than 40 new condominiums still available in this
Oaks. Demand for this extraordinary project continues to be
market that meet these criteria and set to deliver by March 31,
strong and we anticipate a complete sellout by the time the
2018. Based upon market demand, we predict all this inventory
building is complete. Damage left in hurricane Harvey’s wake
will be sold prior to that date. Additionally, for those buyers
has further increased interest in high rise living across the city.
who would like to buy a new luxury condominium, but prefer
Among other unique features, The River Oaks’ elevation above
to wait, the next available inventory will not deliver until more
street level provides even more peace of mind for buyers
than one year later (Q2 2019) and all of that inventory should
concerned about future weather events.
be absorbed long before those move-ins begin.
A new report released this week by Sudhoff Companies tracked
If you have friends or family members considering moving into
the supply and demand of new luxury condominiums in Houston
a condominium, please be sure to connect them to our sales
available for move-in prior to end of the first quarter 2018. There
team while inventory is still available.
Arel Capital invites you to meet Tom Romans, General Manager Tuesday, September 26th | 3-5 PM State of Grace | 3258 Westheimer Rd Light Fare & Wine Offerings | Valet RSVP by September 21 | 713.600.5078 Dear Residents, I am proud to introduce Tom Romans, General Manager of The River Oaks. Tom brings over 30 years of hospitality experience to this role, including a strong background in hotel operations and luxury condominium management. He began his career with Hyatt Hotels and, throughout his tenure, has worked with luxury hotels and residences in Florida, Texas and the Caribbean. Tom looks forward to the opportunity to serve you in his new capacity. In his own words, “I pledge to work tirelessly to deliver Arel Captial’s vision of elegance and authentic service for this magnificent new property.” Read more about Tom by visiting The River Oaks website by clicking here, or stop by The Sales Center beginning October 1st to introduce yourself and welcome Tom to the River Oaks family. Sincerely, Richard Leibovitch Managing Partner, Arel Capital
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T HE RI V E R OA KS AMENI T I ES RI CH AR D LEIBOV ITC H | MANAGING PARTNER - AR E L CA P I TA L The River Oaks Amenities
THE RIVER OAKS AMENITIES Offering exclusive high-rise living in Houston’s most prestigious neighborhood, The River Oaks perfects the fine art of living, combining impeccable contemporary style, enticing amenities and flawless 24-hour concierge service. Each of the 79 residences boast expansive floor-to-ceiling windows showcasing unobstructed, protected views of the city. Luxurious finishes, including marble countertops, Gaggenau appliances and Poggenpohl cabinets complement hardwoods and rich limestone throughout. Designed by internationally-respected architect and interior designer, Lauren Rottet, the building’s common areas perfectly represent the style and elegance for which The River Oaks has become renowned. Featuring an intimate library and sitting room with ground floor garden views, the masterful interiors scheme throughout each of the common spaces lends particularly well to showcase artwork. Lea Weingarten, Principal of Weingarten Art Group, has curated a collection of pieces in the common areas which include works by Alex Katz (White Roses), Stanley Whitney (Untitled) and Liliana Porter (The Line). These inspiring pieces were purchased at Art Basel Miami Beach 2016.
Enhance your lifestyle with access to The River Oaks’ state-of-theart fitness center, complete with an Allegro 2 Pilates reformer and Peloton bike with on-demand cycling classes. A dedicated yoga studio and a standalone massage room allow for relaxing and unwinding. For pet owners, the building is fully equipped with a dedicated dog park and pet grooming spa for ultimate convenience. Outdoor living is taken to a new level with a host of contemporary features and an abundance of space to relax or entertain, including a fully-equipped outdoor chef’s kitchen. Two refreshing resortstyle pools are situated amidst beautifully landscaped gardens, providing an exclusive enclave just minutes from the finest retail and restaurants in Houston. An indoor dining room with adjacent catering kitchen and party room is also available for entertaining, as are two overnight guest suites to welcome family or friends. Finally, we believe that today’s ultimate luxury is time. With this in mind, we have created the finest 5-star Concierge Service, exclusively for residents of The River Oaks. Whether it’s valet parking, dry cleaning, grocery delivery, housekeeping or event planning, at The River Oaks, nothing is out of reach.
3 4 3 3 W EST H E I M E R R D. | T H E R I V E R OA K S.COM | 7 1 3.6 0 0. 5 0 78 The information contained within is believed to be accurate, but not warranted.
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