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Old Posted Sep 16, 2019, 5:25 AM
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New details released for luxury condominium towers planned in Bryan

Quote:
Ram Galindo of the Galindo Group wants to bring 250 luxury condos along West Villa Maria Road near the Traditions Golf Course.

Thursday morning his company announced their plans for the future.

Innovation Condominiums will be a five-tower residential complex of luxury living, but the new condos aren't being marketed to the average homeowner.

"Instead of building a horizontal subdivision. We're building a vertical subdivision thereby reducing the number of streets, water lines, sewer lines, all that. We're preserving a lot more of nature," said Ram Galindo, Chairman and CEO of the Galindo Group.

Galindo said the luxury condos will range from one-bedrooms to penthouses. The prices will be high starting at $360,000 to $3.5 million.

In comparison, homes across the street are going for about $200,000 when KBTX looked at real estate listings, but the group is optimistic people will pay that price point.

"We already have a pretty good list of people who are interested. We think it's a very needed product here," he said.

Groundbreaking of the first tower is expected to start in the spring.

Construction is expected to take 20 months once that happens.

Developers said the whole project could take seven to ten years to complete.

Galindo said the whole project would cost $250,000,000.
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