The Madison: Houston’s Premier Luxury Condominium Development Nears 2026 Completion

A Transformative Development for Montrose

The Madison, a $30 million, 35-unit luxury condominium project by Tannos Development Group and Wolfgramm Capital, is set to transform West Gray Street in Houston’s vibrant Montrose neighbourhood. After groundbreaking in the fourth quarter of 2024, construction is expected to take approximately 24 months before a soft opening in late 2026. This seven-storey development represents a significant addition to Houston’s growing luxury residential market.

Premium Features and Strategic Location

The development will feature 35 units with two or three bedrooms, spanning from 2,000 square feet to 3,200 square feet. Prices are expected to range between approximately $1.5 million and $2.4 million, with sales expected to begin this summer. The residences will include designer cabinetry, high-end appliances, parking for residents, a gym and pool deck.

The Madison enjoys a prime location at 505 W. Gray St., nestled in Houston’s vibrant Montrose area, with easy reach of major thoroughfares like Allen Parkway and I-45. The stretch of West Gray is home to several bars and restaurants, including A’dor Kitchen & Cocktail, Midtown Bar and Grill and Barnaby’s restaurant.

Market Significance and Future Outlook

Developer Koloa Wolfgramm noted significant demand for luxury condos and the uplifting of the neighbourhood, with nightlife, restaurants, and higher-end retail moving in. The project is expected to replace four ageing apartment structures, marking a significant transformation for the area.

The Madison represents an important development for Houston’s luxury property market, offering residents sophisticated urban living in one of the city’s most desirable neighbourhoods. With construction progressing towards its 2026 completion date, the project demonstrates continued investor confidence in Houston’s premium residential sector and the ongoing revitalisation of the Montrose area.