Grant Humphreys is leaving the downtown development business and heading to the country, where his family is creating a planned community along Lake Eufaula.
Construction started on the first 12 homes at Carlton Landing after Thanksgiving, with three more set to be built and completed this summer.
Humphreys, his wife and five children, were among the first residents at the Block 42 condominiums he developed in Deep Deuce. Likewise, they will be the first residents at Carlton Landing.
“It's a big shift for us,” Humphreys said. “It's something I wouldn't have projected. Obviously, we've just finished renovating a great home in Heritage Hills. It will be going on the market in the next couple of weeks. We love the home, we love the community, but with the amount of work to be done at Carlton Landing, we couldn't take care of it day to day.”
Carlton Landing was one of three major developments being pursued by Humphreys and his father, Kirk Humphreys, when the national economic downturn hit in 2008. Only one of those projects, The Flatiron residential and retail complex at NE 6 and Harrison, was put on hold.
The third development, creation of a mixed retail and housing development on the site of the old Downtown Airpark along the Oklahoma River, is still set to begin later this year.
Grant Humphreys made national headlines when he purchased the Santa Monica Pier Ferris wheel to be a part of the planned 85-acre development dubbed “The Waterfront.”
“We are more excited than ever about the opportunities in downtown Oklahoma City and along the Oklahoma River,” said Kirk Humphreys, who is staying in Oklahoma City and will oversee development of The Waterfront. “I look forward to seeing Oklahoma City continue to reach its potential as the I-40 realignment is completed and MAPS 3 begins to bear good fruit.”