ADVANTAGE THE WILSHIRE NEWSLETTER
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VOL. III - WINTER 2017
OUR MODEL HOME IS NOW OPEN. PAG E 2 LETTER FROM THE DEVELOPER
PAG E 3 S A L E S & M A R K E T U P DAT E
PAG E 4 PREVIEW UNIT 410
PAG E 6
NEWLY FURNISHED DESIGNER MODEL
CO N S T R U C T I O N U P DAT E
PAG E 7 EVENTS
BAC K COV E R RIVER OAKS DISTRICT STYLISH UNIT 410 BEDROOM
THE WILSHIRE ADVANTAGE · VOLUME III · WINTER 2017
4TH FLOOR GALLERIA AREA VIEWS
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L ETTER F ROM THE DE VE LO PER ROBERT F. BLAND | FOUNDER - PELICAN BUILDERS DEREK W. DARNELL | PRESIDENT - PELICAN BUILDERS
It is exciting and rewarding to see the construction of The Wilshire move into its final phases. All glass windows and glazing are installed, all mechanical systems are being installed, the elevators are in operation, and the finish completion of the individual units is in progress. We are completely satisfied with the performance of our architect and contractor, and the quality of the work is excellent. Sales continue at a regular pace, and eighty percent (80%) of the condominium units have been sold. We anticipate that the building will be sold out prior to completion of construction. We invite our buyers and our buyer prospects to visit and inspect our new furnished model home in the building. Condominium Unit
MOVE IN JUNE 2017 TO THE WILSHIRE
No. 410 is our new model, and our sales staff will accompany you to the model. You will be able to see the style and quality of finish that your home will have. The completion of the River Oaks District has exceeded expectations, and the excellent restaurants and upscale retail stores are exciting, and good neighbors. All is proceeding on schedule, and the first units will be delivered and deeded in June, 2017. Our sales office is open daily, and our sales staff and selection staff are always available to help and answer any questions that you may have. With you, we look forward to the completion of The Wilshire. We assure you of satisfaction in every respect with the condominium
THE WILSHIRE AT RIVER OAKS DISTRICT
home that we will deliver to you. Cordially, Robert F. Bland
Derek W. Darnell
Derek Darnell ROBERT BLAND, JOHN ROCK (THE CARLYLE GROUP) & DEREK DARNELL
SA L ES & MAR K E T U PDAT E MI K E RE DDE LL | E XECU TIVE VICE PRE SIDE NT - SALES - S U DH O FF CO M PAN I ES NAT HE S TO N | VICE PRE SIDE NT OF SALE S PE RFORMANC E - S U DH O FF CO M PAN I ES
S A L E S U P DAT E Thank you for your support and confidence in this incredible development. The sales focus is now entering its final stage at The Wilshire at River Oaks District. The furnished designer model home has been unveiled. Model homes are always impactful and we anticipate this will further increase the pace of sales. Weekly sales traffic and the sales pipeline continue to be quite strong and we are on target to achieve sellout by the time the first closings begin.
“ Perhaps the most interesting trend is the number of new condominium buyers reporting that they elected to buy a condominium over a new single family home.”
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 JARED BONASERA, REALTOR
have already referred friends and family members to us and will become
®
have others in mind who also might be interested in considering
M A R K E T U P DAT E Sudhoff Companies recently completed a market report focusing on the year-over-year sales of resale and new construction of Houston condominiums over $750,000. According to this market study, the amount of new construction condominiums
HOMES SOLD PER MONTH
making The Wilshire at River Oaks District their new home. 18
Houston Luxury Condos Sold The Past 12 Months
140
14
105
9
70
5
35
0
0
DECEMBER -19
MARCH -20
JUNE -20
SEPTEMBER -20
RESALE CONDOS
NEW CONSTRUCTION CONDOS
CUMULATIVE RESALE CONDOS
CUMULATIVE NEW CONSTRUCTION CONDOS
has outpaced resale condominiums by more than 90%. This proves the demand for luxury new condominiums over existing, resale condominiums. In addition to the sales success illustrated in the new report, an interesting demand trend was uncovered. For the first time in our recollection there were more new condominium sales in Houston than resales of existing condominiums. Perhaps the most interesting trend is the number of new condominium buyers reporting that they elected to buy a condominium over a new single family home. Historically, downsizing buyers have opted for a condominium over a townhome. This new dynamic is thought to be a result of more appropriately sized condominiums being available that are now competing with single family homes for new buyers.
THE WILSHIRE ADVANTAGE · VOLUME III · WINTER 2017
NAT HESTON AND MIKE REDDELL
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C U M U L AT I V E H O M E S S O L D
your neighbors at The Wilshire. Please contact a sales agent if you
P REVI EW U NI T 4 1 0 OUR NE W LY D E SI G N E D M O D E L I N T ER IO R D ESIGN BY M A RK WILLIA MS DESIGN A SSOCIATES |
P H OTO G RAP H Y BY PAUL DAV I S
BEAUTIFUL, MODERN KITCHEN
Mark Williams Design Associates is a multidisciplinary design team, employing designers from backgrounds in both Interior Design and Architectural Design. The marriage of the two practices provides underlying understanding of how the built environment and the objects which occupy it can balance one another. www.mw-da.com
LIVING AREA WITH WEST VIEWS
RELAXING ENVIRONMENT
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COMFORTABLE LIVING
THE WILSHIRE ADVANTAGE · VOLUME III · WINTER 2017
MASTER BEDROOM
4TH FLOOR VIEW
SECONDARY BEDROOM
DINING
LUXURIOUS LIVING
THE WILSHIRE ADVANTAGE · VOLUME III · WINTER 2017
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CONS TRU CT I O N U PDAT E ROB LONG | VICE PRE SIDE NT - PE LICA N B U I L DERS
T HE WILSHIRE IS COMING TOGETHER BEAUTIFULLY. The construction team continues to make steady progress on the envelope of the building. We have glazing crews working on all elevations of the building simultaneously. The glass work including windows, curtain wall and balcony handrails is nearing completion. The progression on the building envelope has allowed us to make significant progress on the framing of the units. The building has been completely stocked with drywall. We continue to work on mechanical, electrical and plumbing
COMMANDING VIEWS OF GALLERIA AREA
rough-in on all floors. Stairwells now connect the ground floor with the rooftop. Elevators are in service, and the manhoist has been removed from the building. The interior construction team will now turn their focus to the completion of the units and common areas. Outside, the pool deck is a flurry of activity and is beginning to take shape. On the amenity deck, work on the pool is underway and the planter walls are in place. Stone work on the pool deck is up next, along with construction of the outdoor cooking canopy. On the ground, site work will begin once the manhoist and glass staging areas have been cleared. Lots of moving parts and pieces. Great things continue to happen at The Wilshire. LARGEST AMENITY DECK IN HOUSTON COMING SOON
It’s going to be an exciting summer!
BLUE SKIES… BLUE WINDOWS? I’ve been asked many times if the windows are blue. No, they are not. It’s just a protective film that will remain in place until all the window units are set and caulked. The installation crew will remove the film on their way down the building. If you want a preview of how the glass looks, there’s a section of glass on the south face of Level 3 where we have removed the film.
CONSTRUCTION PROGRESS ON THE EXPANSIVE WINDOWS
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THE WILSHIRE ADVANTAGE · VOLUME III · WINTER 2017
EVENTS TOP P IN G OF F C E LE B R ATI O N PHOTOGRAPH Y BY CHRIS BROWN
SERGIO & CAROLINA WEITZMAN
BRENT & LAURIE SWAIM, KARI & ORLANDO ALVAREZ
CAROLINA GUTIERREZ & KENT OSBORNE
GRACE & GARY OLANDER & MICHAEL GOLDBERG
GABRIELLA PINEDA & MICHEL GINN
GENE & MARK REED
LINDA & TROT HOFFART
BARBARA & GREG RIZZO
BOB WEYLANDT, KATE & KRISTEN HABICH
LEONARD & SHIRLEY LEBOW
MIKE, MADDIE & ALLY SEDER
LYNN & SHARON GARNER
VIVI NGUYEN & VICTORIA SAMIR
JONAS BUTKUS & ANNE CRULL
JESSICA & ALBERTO CASTANON
THE WILSHIRE ADVANTAGE · VOLUME III · WINTER 2017
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R IV ER OA K S D I S T R I C T U PDAT E P HOTOGR AP HY BY PAUL DAVIS & SARAH SUDHOFF
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CO U RT E SY O F R I V E R OA K S D I S T R I C T
US CAPITAL ADVISORS
ELOISE NICHOLS
VENETIAN NAIL SPA
STEAK 48
THE TUCK ROOM AT iPIC THEATERS
TOULOUSE CAFÉ
BOSSCAT KITCHEN
LE COLONIAL
DIOR
CHOPARD
ST NICOLA AND DIPTYQUE
FORTY FIVE TEN
A D E V E LO P M E N T BY P E L I C A N B U I L D E R S, I N C . | 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. 1/20/17