Randall Davis is making a downtown comeback.
The Houston developer who made a name for himself in the 1990s with several residential redevelopment projects in the city center - including the redevelopment of the Rice Hotel - is planning another one downtown.
The new building, to be developed with Davis collaborator Roberto Contreras, will be called Marlowe.
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The units will be for sale, but Davis would not reveal additional details other than an emailed statement reading: "Marlowe is the END of RENT, the beginning of stylized condos."
Davis was referring to the recent rush of new downtown residential buildings, all with rental units, under construction or in the planning stages.
The new projects are part of the city's Downtown Living Initiative program, for which Davis also plans to apply.
The program, which aims to bring more pedestrian life into the urban core and help offset the high cost of downtown construction, offers developers up to $15, 000 for each unit they build in a multifamily complex of at least 10 units.
Davis has not formally submitted an application but has had discussions with the Houston Downtown Management District, which administers it.
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District spokeswoman Angie Bertinot said the project will likely be considered at the group's December board meeting.
If approved, Davis' project would be the first condominium development to join the program.
"Randall is such a great, established developer. He was at the forefront in downtown of redeveloping the Rice Hotel," Bertinot said, noting his other downtown projects, including the Hogg Palace and Dakota Lofts. "We're happy he's back with us."
