The steady boom in real estate happenings in Houston just keeps going, particularly within the Loop where pre-sales are becoming the norm. Case in point is Bancroft Place, a prime residential development by Pelican Builders, which has brought in Martha Turner Properties to oversee marketing.
The posh Bancroft Place, designed by New Orleans architect George Hopkins, is comprised of 18 free-standing townhomes with three different floor plans. The central location on Bancroft Lane just south of San Felipe and near Highland Village could be a draw for urban nesters.
"As little as six months ago, pre-selling in Houston was rare."
When completed in December, the upscale abodes will surround a park-like setting and include three bedrooms, three-and-a-half baths, a guest suite, elevator and a two car garage, with some residences accommodating three cars. All that and a place to call home — or for some, paradise — with a pre-sale price tag of $1.3 million.
"As little as six months ago, pre-selling in Houston was rare," Martha Turner said in a prepared statement. "But Pelican Builder's reputation for high quality projects and fear of rising prices have contributed to pre-sales."
In addition to Bancroft Place, Pelican Builders recently broke ground on neighboring Briarglen Commons, a gated townhome community that has pre-sold 18 of the total 24 residences. Sudhoff Properties is marketing that project.