Houston’s Memorial Park area: Atlanta Developer Starting Seven-Story Condo

In Houston, Stolz Partners of Atlanta will break ground shortly on The Sophie at Bayou Bend, a seven-story, 42-unit condominium project on Memorial Drive near Memorial Park in Houston.

Designed by Mirador Group and marketed by Sudhoff Cos., the Sophie project has reached 50 percent pre-sold with an average price of $1.8 million. IBC Bank is providing construction financing.

“The Sophie at Bayou Bend’s early success is proof that Houston’s real estate market is continuing to thrive,” said IBC Bank-Houston CEO Jay Rogers.

Stolz is also developing the Giorgetti mid-rise condo near Kirby Drive and Westheimer.