Oil worries cloud Houston’s high-rise outlook (Houston Chronicle)

Construction workers work on the penthouses  at 3433 Westheimer Road, photographed on Tuesday, July 5, 2016, in Houston. ( Elizabeth Conley / Houston Chronicle ) Photo: Elizabeth Conley, Staff / © 2016 Houston Chronicle

Photo Courtesy of Houston Chronicle

By Erin Mulvaney

Luxury high-rise developers began to thrive during the oil boom as the condo lifestyle seemed to finally catch on with wealthy Houstonians drawn to expansive views, private terraces and resort-style pools. By 2014, townhome and condominium sales – routinely in seven figures – were growing faster than the single-family homes that traditionally dominated the sprawling real estate landscape.

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