Martha Turner Properties Announces Inner Loop Development

Martha Turner Properties has announced that it will oversee the marketing of yet another prime residential development with Pelican Builders’ Bancroft Place – located on Bancroft Lane just south of San Felipe near Highland Village in the planned River Oaks District. Bancroft Place comes on the heels of the recently completed and 100% sold Chateau Ten – another luxury River Oaks development marketed by Martha Turner Properties – which sold all 10 units in 90 days.

The luxury gated community that makes up Bancroft Place is designed by New Orleans architect George Hopkins and will offer 18 free standing homes with 3 different floor plans – all of which will surround a park-like setting and include three bedrooms, threeand-a-half baths, a guest suite, elevator, and a double garage with some homes accommodating three cars.

The pre-selling price is $1.3 million with an anticipated delivery date of December 2013. Bancroft Place will complete the residential development block assembled by Pelican Builders. The completely-sold Briarglen was the first project and offered 68 residences in an eight-story, mid-rise condominium, followed by Highland Tower, a 17-story highrise offering 24-hour concierge service and is currently 90% sold. In addition to Bancroft Place, Pelican Builders recently broke ground on Briarglen Commons, a gated twenty-four townhome community that has pre-sold 18 homes.

“As little as six months ago, pre-selling in Houston was rare, but Pelican Builder’s reputation for high quality projects and fear of rising prices have contributed to pre-sales,” says Martha Turner of Martha Turner Properties.

“We are committed to balancing density with architectural harmony. Our homeowners are requesting a lock-and-leave lifestyle, fine details and a connection with the outdoors,” explains company founder Robert Bland. “We have always been committed to hiring the most professional architects, engineers and designers, but at Bancroft Place we made a conscious effort to create both elevated and ground level garden escapes.”

Martha Turner