The Paramount, a new high-rise coming to the River Oaks area, will break ground in late 2020 or early 2021, Randall Davis Co. announced in an Aug. 17 press release.

Construction on the 25-story tower is slated for completion in late 2021, according to the announcement.

Hedley Karpas and Karen Gillespie of Martha Turner Sotheby’s International Realty will oversee sales for all 50 residences in the project, which start at $1.055 million and range from 1,800-6,500 square feet.

“Karen and I are thrilled to represent this project for Martha Turner Sotheby’s International Realty because we truly believe in the boutique nature of The Paramount and the unparalleled finishes, views, floor plans and River Oaks setting that come with it,” Karpas said. “This product is exactly what luxury buyers are looking for in today’s hyper-competitive market.”

Residences at The Paramount will feature 11-foot ceilings, private elevator entry, indoor and outdoor pools, 24-hour concierge service, valet parking, a grand lobby and lounges.

The tower was designed by by father-daughter team Randall and Natalie Davis in partnership with Power Brown Architecture of Houston.