Apartments seen for Mideke building in OKC's Bricktown

Two experienced Bricktown commercial real estate brokers are teaming up with a redeveloper of historic buildings to convert the top three floors of the 94-year-old Mideke Supply Building into housing.
by Steve Lackmeyer Published: February 27, 2013

The deal, which is set to close in about 45 days and is pending a $500,000 tax increment finance district allocation from the city, allows Berlin to retain ownership of the first two floors while selling the remaining space for conversion into 30 apartments.

It's a project Berlin himself once hoped to pursue, and some of the design work he commissioned with architect Sam Gresham is still a part of the plan moving forward.

“To Gary Berlin's credit, he's the first who understood and was reasonable about a price for space he wasn't using,” Ellard said.

The build out will be overseen by RPC Construction, whose owner, Jeff Johnson, lives in nearby Deep Deuce and is also a partner in the development. Financing, meanwhile, is being handled by Jonathan Dodson with Legacy Bank.

Ellard hopes the project, once completed, might inspire other Bricktown property owners to add housing to the top floors of other old warehouses.

“It's the maturation of a city,” Ellard said. “If we are going to be a city and truly have a downtown, it can't go dark at six o'clock. It has to have a neighborhood identity. We've seen an explosion of housing in Deep Deuce. That has to come to Bricktown.”

by Steve Lackmeyer
Business Reporter
Steve Lackmeyer is a reporter and columnist who started his career at The Oklahoman in 1990. Since then, he has won numerous awards for his coverage, which included the 1995 bombing of the Alfred P. Murrah Federal Building, the city's Metropolitan...
+ show more


Trending Now


AROUND THE WEB

  1. 1
    VIDEO: FSU's Jameis Winston sent to locker room by Jimbo Fisher after dressing out for Clemson game
  2. 2
    Big 12 football: K-State's Snyder among nation's most underrated coaches in ESPN poll
  3. 3
    Texas A&M fan wearing what appears to be a chain mail jersey
  4. 4
    Satanic black mass seeks to free people from influence of God, organizer says
  5. 5
    Owasso beats Jenks for first time since 1993; Union rolls past BA
+ show more