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    Kirton tells CM he'll move in himself

    The Ashby high rise returns from the dead, but the developer insists it's nomonster

    Tyler Rudick
    Sep 29, 2011 | 4:46 pm
    • Local civic clubs denounced the building from the onsite, citing narrowtraffic-prone streets and a destruction of the neighborhoods visual character.
    • Replacing the Maryland Manor Apartments at 1717 Bissonnet, the new residentialbuilding now plans to offer luxury rental units.
      Rendering via Buckhead Investment Partners Inc.

    After two quiet years, Buckhead Investment Partners submitted construction documents to the city this week, requesting permission to move forward on the controversial Ashby high rise. With the city's rental market at a high-water mark, the investment group has shifted its focus from high-end condominium owners to high-end renters.

    Planned for a site at 1717 Bissonnet near Rice University, the massive 23-story residential building pared down much of its original design to get city approval in August 2009. Over 20 residential units were removed from the plans, as well as portions of the building's retail and office space. The new constuction documents, Buckhead says, are for the same plans approved two years ago.

    With support from then-mayor Bill White, the Stop the Ashby High Rise movement took shape in 2007 to attack the building's traffic impact on the two-lane Bissonnet. The organization's website estimates 2,000 cars will come to and from the building each day, stating that even "the developer’s own traffic study indicates a significant worsening of traffic."

    "The building's not going to have teeth and arms," says Buckhead CEO Kevin Kirton, referring to the yellow monster signs Stop Ashby High Rise placed throughout the Rice area.

    Since filing a federal lawsuit in February 2010 challenging the city's traffic argument, Buckhead has remained virtually silent about the project. The court case attacking a rarely-used driveway ordinance will be reviewed in March of next year.

    "Time hasn't healed our wounds," Jim Reeder, co-chair of the Stop Ashby High Rise Taskforce and a law partner at Vinson & Elkins, tells CultureMap. "This is a great neighborhood of single family homes. In our view, the new rental option is worst than the former condominium model, bringing in a more transient population not invested in the area."

    Reeder feels Buckhead has done little with the building's design to address the concerns of its neighbors, aside from removing certain elements to simply appease Houston officials. He says his group is evaluating options within the city's permitting process and will consider judicial approaches, if necessary.

    "This is an iconic project for them," Reeder notes. "They're not interested in creating something more palatable to the neighborhood."

    "The building's not going to have teeth and arms," says Buckhead CEO Kevin Kirton, referring to the yellow monster signs Stop Ashby High Rise placed throughout the Rice area. "I am disappointed to hear that so many people are upset about it. In the history of the city, there's never been such scrutiny over a proposed building site as a result of traffic impact studies.

    "I n our view, the new rental option is worst than the former condominium model, bringing in a more transient population not invested in the area," Jim Reeder says.

    "We ended up removing a public plaza — the one feature that connected the building to the rest of the area."

    In spite of scaling down the original design, Kirton still feels 1717 Bissonnet is "a great project," particularly in light of the high-end amenities that include an outdoor pool and putting green.

    "I grew up in the neighborhood and can't wait for the building to be complete," Kirton says. "I'm ready to move there myself."

    unspecified
    news/real-estate

    luxury real estate

    Houston had 2nd-highest share of luxury home sales in Texas in 2025

    Amber Heckler
    Jan 9, 2026 | 9:15 am
    10106 Meadow Lake Lane, Houston luxury home for sale
    Estately.com/
    This home at 10106 Meadow Lake Ln. in Houston's Briargrove Park neighborhood is on the market for $1.95 million.

    A new luxury real estate report reveals Texas broke a record for the highest number of million-dollar homes sold from November 2024 to October 2025, and the Houston-Pasadena-The Woodlands metro boasted the second-largest share of million-dollar home sales statewide.

    A total of 14,418 Texas homes were sold for at least $1 million last year, generating a record-breaking $24.5 billion, according to Texas Realtors' 2025 Texas Sales of Million-Dollar Homes Report. The number of luxury home sales in the state soared 12 percent compared to the previous year.

    Million-dollar home sales in the Houston metro made up 27 percent of all luxury home sale transactions in Texas during the 12-month period, the report found. The total sales dollar volume of Houston-area homes that sold for $1 million or more added up to about $6.8 billion last year, or about $1.1 billion more than it did during the previous period from November 2023 to October 2024.

    Nearly 3,950 million-dollar homes were sold in the Houston region at an average price of $379 per square foot. For comparison, the average price per square foot for all residential homes in the metro was $176.

    Both figures are lower than the statewide average, according to Texas Realtors.

    "The average price per square foot of $1 million+ homes increased to $423 from $418 last year and was more than double the $188 average price per square foot of all Texas homes," the report said.

    Houston also had the second-highest median closing price for its million-dollar homes statewide, at about $1.39 million.

    Furthermore, Houston's luxury homes are significantly larger the typical residential home in the metro. A million-dollar home in the metro spanned 4,397 square feet, compared to 2,115 median square feet for all residential homes.

    "High-end homes continue to be a small but mighty segment of the market," said Texas Realtors chairman Jennifer Wauhob in a press release. "Texans remain confident in the value of these properties, whether they are drawn to outstanding amenities, prime locations, or both."

    Elsewhere in Texas, Dallas-Fort Worth Arlington saw the No. 1 highest share of million-dollar home sales in Texas, at 38 percent, followed by Austin-Round Rock-San Marcos (19 percent), the rest of Texas (11 percent), and San Antonio-New Braunfels (5 percent).

    housing marketmillion dollar homesluxury real estatetexas realtors
    news/real-estate
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