Construction begins on $36 million apartments in Oklahoma City's MidTown

The site of the $36 million, 250-unit Edge apartments, at NW 13 and Walker Avenue, was long home to the blighted remains of Mercy Hospital until it was acquired and cleared by Oklahoma City in 1998.

 
By Steve Lackmeyer | Published: October 18, 2012    Comment on this article Leave a comment

After a dozen years of failed attempts at redevelopment of the former MidTown home of Mercy Hospital, construction is beginning this week on the $36 million, 250-unit Edge apartments at NW 13 and Walker Avenue.

photo - The southeast corner of The Edge apartments along Walker Avenue is shown in this drawing. Drawing provided
The southeast corner of The Edge apartments along Walker Avenue is shown in this drawing. Drawing provided

Multimedia


The Edge Team

Architect: GTF Design, Bedford, Texas

Civil Engineer: Cardinal Engineering

General Contractor: N.E. Construction, Lewisville, Texas

Financing: Crain Mortgage, U.S. Department of Housing and Urban Development

Developer Gary Brooks, speaking to dozens of civic leaders Wednesday at a groundbreaking, admitted it took three attempts by friend and mentor Mike Henderson to convince him to bid for the project.

He also admitted that at the time, his awareness of the area's emergence as a mixed-use urban neighborhood was so limited that when invited to visit Henderson at the trendy 1492 New World Cuisine, his response was “What is 1492?”

Brooks, set to infuse the largest investment yet in the neighborhood, is no longer confused about 1492 or other MidTown restaurants, shops and housing clusters.

Larry Nichols, chairman of the Urban Renewal Authority, reminded attendees that the site was long home to the blighted remains of Mercy Hospital until it was acquired and cleared by the city in 1998.

The first attempt at an apartment development by Nicholas Preftakes fell apart when Urban Renewal commissioners denied his request to acquire decades-old duplexes across the street that at the time were considered blighted — but since have been redeveloped into offices.

Chuck Wiggin was then selected by Urban Renewal in 2008 to build a $62 million, 109-unit Overholser Greens on the same site despite warnings that the project was not viable due to a declining condominium market nationwide. The project fell apart amid the credit crunch associated with the Great Recession that hit the following year.

Page 1 of 2




If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.


New Rule in VIRGINIA:
(MAY 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
"Racheal Ray Lost 47 lbs"
She melted away 7lbs of fat a week by following this 1 weight loss tip
www.rachaelsnewdiet.com/

Business Photo Galleriesview all