G.T. Leach, RAMA to start luxury condos
A team of seasoned real estate developers are joining forces to create one of Houston’s most luxurious condominium buildings.
Houston-based G.T. Leach and RAMA Companies expect to start construction this summer on the Beverly — a seven-story, six-unit condo at 5010 Longmont Drive in the upscale Tanglewood neighborhood. Prices are expected to start at about $4 million, and the developers are targeting a December 2024 completion date, RAMA co-founder Amir Taghdisi said.
Taghdisi, who founded the company with his brother Alan in 2003, believes the Beverly will carve a niche in Houston’s luxury market.
“There’s always very qualified audiences of people here who are looking to buy a home and are always dissatisfied with the inventory, product and availability that’s out there on the market,” Taghdisi said.
In high-end condos with 40 or 50 units, floorplans are often too small for the price, and there’s not enough privacy, he said.
“It was interesting to build a building where you don’t have middle-of-the-road floor plans, introductory floor plans, or somewhere in between because it kind of gets to a point where it’s like, you’ve got a 2,500-foot unit, which isn’t on the bigger end of things, but it’s also $2.5 million,” Taghdisi said. “And you’re kind of like, ‘Well who the hell’s buying that?’”
Taghdisi added that the one-unit-per-floor plan is one the developers have been seeking for years, but they couldn’t find a site to justify the approach. The property at 5010 Longmont fits the bill because of its location between Uptown and Tanglewood, with scenic views in all directions and close proximity to the Galleria shopping center and Memorial Park.
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