An effort to develop 250 apartments, a hotel and structured parking on the former site of Stewart Metal Fabricators in east Bricktown is a step closer to reality with the Oklahoma City Urban Renewal Authority on Wednesday granting developer designation to Bricktown Apartments LLC.
The development on E Sheridan Avenue between Russell Perry Avenue and Lincoln Boulevard recently was approved for $4.5 million in federal stimulus funding. That will let the developers, Gary Brooks and Andy Burnett, work with the city to relocate a large storm sewer line and remove contamination on the site. Urban Renewal commissioners on Wednesday also approved a land swap needed for the project.
The development will include about 50 units that are affordable under federal Neighborhood Stabilization Program standards, as well as 200 market rate units to meet the demands of tenants moving downtown — especially students, athletes and employees of the nearby Oklahoma Health Center.
Assemblage of land for the project required the Urban Renewal Authority to negotiate transfer of land agreements with Brooks and Burnett and Stewart Metal Fabricators property owner Robert H. Meinders to acquire an entire block of land north of E Sheridan, between Russell M. Perry and Lincoln Boulevard.
Meinders received a parcel of Urban Renewal land on the southwest corner of E Sheridan and Lincoln in exchange for his land on the northeast corner of E Sheridan and Russell M. Perry.