RANDALL & NATALIE DAVIS
Randall Davis Company
By Cristina Adams
Randall Davis is a happy guy. And why shouldn’t he be? As one of Houston’s most prominent real estate developers, he is largely responsible for spearheading and nurturing the city’s ever-growing enthusiasm for urban living. What began with the renovation and transformation of a historic 1911 building – now known as Dakota Lofts – in the city’s Warehouse District back in the early 1990s has become a real-estate empire with a booming stable of high-rise and mid-rise buildings. Currently, the Randall Davis Company has a number of projects in various stages of development spread across the city. Under construction are the 29-story Astoria, featuring 75 residences of which only two are still for sale, and the Chateau Ten Sunset, a sixstory mid-rise near Rice University with 10 residences. Another building – the Chateau Ten River Oaks – is finished and sold out.
“Houstonians are clamoring for high-rise living,” says Natalie Davis, who happens to be the company’s director of marketing and director of operations as well as the founder’s daughter. “We see a variety of people who love transitioning from home to high-rise.” Given the proliferation – and success – of Davis’ projects, it’s pretty clear that high-rise living is hot. Inventory is scarce, and developers can’t work fast enough to add more. In fact, Davis has two more structures already in the planning stages. Located in downtown Houston, the 20-story Marlowe will feature 100 residences, with prices starting at $500,000 per unit. The second, yet-to-be-named 30- story high-rise is near The Galleria, boasting 100 to 115 pricey units that will cost anywhere from $750,000 to $5 million. Sales centers for both the Marlowe and the unnamed building will open in March. Not surprisingly, in the late 1990s, Davis redeveloped – some say rescued – the fabled Rice Hotel, turning it into one- and two-bedroom apartments, and also restored the building’s lobby and ballroom as well as the basement swimming pool. The attention to detail and unique aesthetic touches have become hallmarks of the company’s projects, which are overseen by the father-daughter team. “We feed off one another, think alike in many ways and also have very different opinions,” says Natalie Davis of her working relationship with her father. “But that’s what makes us a great team. We push one another to think differently and see things differently, and from there we create great work together.”