Site clearance is set to start next month for Midtown’s second large housing development, a $42 million, 329-unit apartment complex to be built at the northwest corner of NW 10 and Shartel Avenue.
The complex, LIFT, is being developed by Indianopolis-based Milhaus, and is the company’s first investment in Oklahoma. The development is being started as the first apartments are set to open nearby at The Edge, at NW 13 and Walker Avenue, a 250-unit complex being built by Gary Brooks. LIFT will include a 445-space parking garage and 4,700-square feet of retail space on the ground floor of the four- to five-story complex.
Terry Hughes, vice president of development at Milhaus, said construction will start soon after demolition, with an opening set for summer, 2015.
“The 329-unit apartment building will offer a wide range of apartment types including our 400 square-foot eco-suites, studios, and a mixture of one-, two- and three-bedroom units,” Hughes said. “With such a wide range of options, especially the smaller square foot units, more Oklahoma City residents can experience a high-end urban property while keeping monthly rent costs in check.”
Hughes said he is encouraged by reports that leasing is brisk at other new complexes, including The Edge.
“The strong interest in urban leasing opportunities validates the vibrancy of the area,” Hughes said. “Milhaus’ LIFT will draw even more residents to the area, boosting the critical mass needed to ensure long term success for Midtown.”
LIFT will include three courtyards with a pool, outdoor kitchen and community space, balcony views into the courtyards, and a common area that will include a kitchen, care/bar/game room, yoga room, fitness center and children’s play area.
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