Three years ago, longtime Houston developer Sunny Bathija worried about Houston’s penthouse market — particularly whether his firm would be able to sell several multimillion-dollar penthouses in its new St. Regis Residences tower years before the project was even constructed.
“These were my costliest units,” said Bathija, CEO of Satya Development. If the 38-story tower opened before those sold, “I might be stuck.”
But those worries have now faded. As the St. Regis Residences breaks ground near Memorial Park Wednesday, all seven of the project’s penthouses have presold, including two residences at potentially record-setting prices…