Groundbreaking on The Ritz-Carlton Residences on Lake Woodlands will begin in the third quarter of the year, according to an April 3 announcement from development company Howard Hughes.

Initially announced in October, the condominium project will include 111 units on 8 acres on Lake Woodlands near Hughes Landing, described as the “last available large-scale residential site” on the lake, according to the news release.

The 4,000-square-foot sales gallery for the complex is now open at the Howard Hughes headquarters at 9950 Woodloch Forest Drive, Ste. 1350, and 50% of the residences are under contract as of April 3, representing $250 million in sales in its opening week, according to the announcement. The project is being designed by architectural firm Robert A.M. Stern Architects.

According to the news release, the sales gallery includes kitchen and bathroom vignettes displaying materials, finishes and appliances available as well as a scale model of the building and grounds.

Amenities planned at the Residences include a fitness center, wine center, private dining rooms, concierge service and library with a private garden.

What they’re saying

“Since the commencement of sales, the reception to The Ritz-Carlton Residences, The Woodlands has reinforced the overwhelming demand for this incomparable residential project—and reflected our steadfast commitment to masterful planning, quality design and creating unique experiences that make our communities among the most sought-after places to live in the country,” Howard Hughes CEO David R. O’Reilly said in the news release.

“We are seeing remarkable sales momentum for this project which brings a new level of luxury and lifestyle to The Woodlands,” said Jim Carman, president of the Houston Region for Howard Hughes. “We are proud to introduce this one-of-a-kind residential project to the Texas market and continue to provide residents of The Woodlands the opportunity to enjoy the best of both worlds—sought-after urban amenities and walkability within The Woodlands Town Center set alongside the natural beauty of the 200-acre freshwater shore of Lake Woodlands.”

Editor's note: The story was updated to include more detail on the location.