A luxury condominium is planned for the former site of an Italian-style townhome project near Memorial Park.

Stolz Partners LLC is under contract to purchase a nearly 2-acre site at 6017 Memorial Drive, just west of Westcott Street and the Bayou Bend Collections and Gardens. The Atlanta-based developer is set to close on the property within six months, said Will Stolz, founder and owner of Stolz Partners.

The gated property was initially being developed as a luxury townhome community called Piazza Lucca. Butler Brothers, a Houston-based residential builder, had broken ground on the 17-home community in early 2015, but have since axed the project.

A new condominium midrise called The Sophie at Bayou Bend is now set to rise on the property. The name is a derivative of the word “sophisticated,” Stolz said.