THE WILSHIRE NEWSLETTER
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VOL. 2 - SUMMER 2016
NEW SCALE MODEL
Experience The Wilshire Advantage EXPERIENCE . QUALITY . REPUTATION
LETTER FROM THE DEVELOPER
SALES & MARKET U P DAT E
CONSTRUCTION U P DAT E
RIVER OAKS D I S T R I C T U P DAT E
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L E TTER FROM T HE DE VE LOPER
DEREK & ROBERT ADMIRING THE FINISHED PRODUCT
ROBERT F. BLAND | FOUNDER - PELICAN BUILDERS DEREK W. DARNELL | PRESIDENT - PELICAN BUILDERS
We are pleased to advise that construction of The Wilshire Condominium is ahead of schedule, and the concrete structure is now “topped out”. All phases of construction are now in progress – installation of pre-cast concrete, framing of metal stud walls, electrical, plumbing, etc. We are pleased with the quality of the work,
MODEL LIT FROM INSIDE
and the performance of our architect and the performance of our general contractor have been excellent. The building will be completed in the summer of 2017, and the careful supervision by all concerned assures that we will have an exceptional building in all respects. Sales continue at a regular pace, and nearly seventy-five percent (75%) of the condominium units have now been sold. The quality of our buyers is excellent – doctors, lawyers, business executives, and others. The completion and opening of the River Oaks District, Houston’s most upscale retail and restaurant development has been exciting, and this is all practically adjacent to The Wilshire. Most of River
AMAZING DETAILS OF THE 4TH FLOOR AMENITIES LEVEL
Oaks District is now open, and there has been an enthusiastic response to the stores and to the restaurants. All is proceeding well and on schedule. As you know, our sales office is open daily, and our sales staff and our selection staff, are always available to help and to answer any questions that you might have. Pelican Builders, Inc. cares about its product, and gives careful attention to the desires of its buyers. We look forward to our continued association with our buyers and our buyer prospects, as construction proceeds.
Cordially,
O N
T H E
C O V E R
LUIS ANGULO | BUSINESS DEVELOPMENT / MARKETING ASM ARCHITECTURAL SCALE MODELS
Robert F. Bland
Derek Darnell Derek W. Darnell
The Wilshire scale model is our first entry into the vibrant Houston market. The model is made out of thousands of acrylic parts that are laser cut and hand assembled over a period of ten weeks. It is equipped with nearly 1000 LEDs for lighting as well as miniature trees, people and cars. Our goal as model makers is not just to replicate structures, but also to imagine and show the viewer the experience of what it would be to live/work there by creating environments and scenes within the model.
SA L ES & MARK E T U PDAT E MI K E RE DDE L L | V ICE PRE SIDE NT, DE VE LOPME NT SE RVICE S - S U DH O FF CO M PAN I ES NAT HE S TO N | A SSISTANT DIRECTOR, DE VE LOPME NT SE RVICES - S U DH O FF CO M PAN I ES
S A L E S U P DAT E
MIKE REDDELL - INTERVIEW WITH KHOU - CBS (CHANNEL 11)
Thank you for your support and confidence in this incredible development. The sales velocity at The Wilshire at River Oaks District continues to lead the market and is exceeding all expectations. In approximately one year, nearly 75% of the building has been sold. Typically, this number of sales takes 18-24 months to achieve. Weekly sales traffic and the sales pipeline also continue to be quite strong. Predictably, as construction has progressed, Westcreek Lane access has improved, and now that River Oaks District vendors have opened, the pace of sales has increased incrementally. Our goal is to create a joyful and meaningful experience for our buyers as they transition from their current residences to a new life of carefree luxurious convenience. We are grateful that many of you have already
ROBERT BLAND, MIKE REDDELL & DEREK DARNELL
referred friends and family members to us to become your neighbors at The Wilshire. Please contact a sales agent if you have others in mind who also might be interested in considering making The Wilshire at River Oaks District their new home.
M A R K E T U P DAT E Sudhoff Companies recently completed a market report focusing on year-over-year sales and supply/demand of Houston condominiums. According to this estimate, The Wilshire leads the market in total units sold (36% of all new condo units sold) and total dollar amount of escrowed contracts. The report also estimates that The Wilshire will also be completely sold by June 30, 2017.
BROKERS ARE EXCITED ABOUT THE PROJECT
In addition to the sales success illustrated in the new report, an interesting demand trend was uncovered. The emerging demand was seen from current residents of multi-level townhomes and/or buyers favoring single level condominiums over townhomes. Now that there is little price difference between a luxury townhome and a concrete condominium, this trend is significant. The reported reasons for this preference include convenience of single level living, strength of concrete over wood structure, 24-hour access control and the availability of amenities such as a pool and fitness center.
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CO NS TRU CTI O N U PDAT E RO B LONG | VICE PRE SIDE NT - PE LICAN BUI L DERS
We’ve reached the top! Despite all the recent rainy weather, we have continued to make exceptional progress on the structure. We recently poured the slab on Level 17, the highest occupiable floor, and have topped-out the concrete structure ahead of schedule. We currently have architectural precast erected through the sixth floor, approximately one third of the building. Double shifting the work and effectively sharing the tower crane with the daytime crew has helped to keep the structure ahead of schedule. Inside the building, we are working on mechanical, electrical, plumbing and fire protection rough-in on the lower floors. We are currently framing walls all the way up to Level 10. We received the steel stairs and have begun erecting them. We look forward to starting work on the glass curtainwall system and the elevators very soon, as both scopes are now in fabrication. There are so many things occurring simultaneously – countless other actions involved in the coordination of future activities like the pool deck, landscaping, as well as lobby and lounge interiors. Great things are happening – exciting times for all of us. Enjoy! REACHING FOR THE SKY
WHAT’S THAT TREE DOING ON TOP OF THE BUILDING? There are many construction traditions associated with a new edifice including the laying of foundation stones, the signing of beams, and ribbon-cuttings. The tree is associated with the raising of a building’s highest beam or structural element. Tree-topping is a sign that a project has reached its literal apogee, its most auspicious point. What’s particularly charming about the construction tree is that it isn’t associated with the beginning or the end of construction, rather – it uniquely honors the accomplishment of the construction crews. The ceremony is also a celebration of a so-far safe construction site, an expression of hope for the secure completion of the structure, and a kind of secular blessing for the building and its future inhabitants.
TREE–TOPPING
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HARD-HAT TOURS
ABOVE IT ALL NOW 70% SOLD
FINAL FLOOR
FROM THE $800’S
EXTERIOR PANELS
Sales Center Open Mon – Sat: 10 am – 6pm Sun : 1 2pm – 6pm 2049 Westcreek Lane 713.600.5072 TheWilshireHouston.com
SCHEDULE A TOUR TODAY! PIPES KEEP THE FLUIDS MOVING
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R IVE R OA K S D I S T R I C T U PDAT E MARK SULLIVAN | ON TH E MARK COMMU NI C AT I O N S
RESIDENTS AT THE WILSHIRE FORGING COMMUNITY AS HIGH RISE CONTINUES TO SOAR ABOVE RIVER OAKS DISTRICT At The Wilshire, a new Houston luxury high-rise currently under
square-foot Steak 48 has become an overnight sensation. The warm,
construction adjacent to Houston’s burgeoning River Oaks District,
contemporary steakhouse features responsibly farmed prime steaks
community means everything. Two prominent Houston families –
hand-cut in house and wet-aged for 28 days by the master butcher;
the Rizzos and the Yoffes – are evidence of the communal environment
a raw bar and extensive fresh seafood selection including Hawaiian poke,
The Wilshire is cultivating as it continues to attract buyers and
whole king crab cluster, and an ahi filet; unique appetizers such as fresh
future residents.
burrata and fried deviled eggs; and impressive side dishes like a double baked truffle potato, asparagus fries and corn crème brûlée. The beverage
Spectra Energy Group Vice President Greg Rizzo and wife Barbara hail
program includes classic cocktails and an extensive wine list, including
from the Hartford area of Connecticut. After purchasing a residence at
48 by the glass. Steak 48 joins neighbors Toulouse Café, Taverna, and
The Wilshire in Houston, the couple was seeking to become more
Hopdoddy, which have all opened and, together, have already put River
involved with the future resident community as the high-rise continues to
Oaks District on the map as a major dining destination in Houston.
take shape. Through a series of events for Wilshire buyers, the Rizzos met
The anticipated opening of Le Colonial on August 1 will only further
Boris and Galina Yoffe – both distinguished doctors who call Houston
cement the district’s status as an unrivaled lifestyle epicenter.
home. Boris serves as Professor of Medicine specializing in Gastroenterology at Baylor College of Medicine, and Galina is a local pediatrician.
They say friendships sometimes blossom in the most unusual of circumstances. For the Rizzos and the Yoffes, their friendship has been
The couples became fast friends and have continued to get to know one
the result of being initial buyers and future residents of The Wilshire.
another at additional community events put on by The Wilshire. Last
Cultivating and maintaining the friendship at events has been a treat
week, the Rizzos and Yoffes were the invited guests at an exclusive VIP
for the two couples, and they look forward to even more excitement
pre-opening, complimentary dinner at the new River Oaks District
once they are able to move into The Wilshire upon its highly anticipated
restaurant Steak 48 and were joined by Pelican Builders President
completion in the summer of 2017.
Derek Darnell. Since opening to the public last week, the 14,000-
STEAK 48 OPENING AT RIVER OAKS DISTRICT: (From Left to Right) Greg Rizzo, Barbara Rizzo, Derek Darnell, Dr. Galina Yoffe & Dr. Boris Yoffe
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R I V E R O A K S D I S T R I C T - F I N E D I N I N G & L U X U R Y R E TA I L
STEAK 48
THE TUCK ROOM AT iPIC THEATERS
TOULOUSE CAFÉ
HOPDODDY PATIO
LE COLONIAL - COMING SOON
DIOR
T H E W I L S H I R E AT R I V E R O A K S D I S T R I C T - E V E N T S
MR. BLAND EXAMINING A TESLA
SOCIALIZING AT THE TESLA DEMONSTRATION
ROB LONG & GREG RIZZO
MIKE REDDELL & CLIENTS TRAVEL IN STYLE
SCALE MODELS GIVE CLIENTS THE BIG PICTURE
INFORMATIVE KIOSK ATTRACTS ATTENTION
IN THE SELECTION ROOM WITH SUSAN & RAY BETZ
BUILDING RELATIONSHIPS
SUB-ZERO / WOLF EVENT, WITH CHEF GARTH BLACKBURN
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INDOOR LOUNGE AREA NEAR POOL
LOBBY INTERIOR
PHOTOGRAPHY & IMAGES:
PAUL DAVIS
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SARAH SUDHOFF
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A DEVELOPMENT BY PELICAN BUILDERS, INC. 2 0 49 W E S TC R E E K L A N E | H O U S TO N , T E X A S 7 7027 |
T H E W IL S H I R E H OU 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.