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Deep Deuce corner in Oklahoma City sells for $1.4 million

A prime corner of Deep Deuce — NE 4 and Walnut Avenue in Oklahoma City — has been acquired for $1.4 million by businessman Bob Meinders, who has plans to renovate part of the property into retail with an upstairs apartment.
by Steve Lackmeyer Published: December 18, 2012

Deep Deuce revival

Meinders' acquisition is part of a string of land property transactions and developments turning Deep Deuce into downtown's leading mixed-use neighborhood.

The area was blighted and home to just a handful of boarded-up buildings a dozen years ago. But over the past few years, development has heated up with the addition of hundreds of apartments and dozens of for-sale condominiums, with restaurants and shops opening in the older buildings and newer developments.

Richard McKown, developer of Level Urban Apartments, saw the complex at NE 2 and Walnut Avenue open fully leased in July.

Construction since has begun on more apartments at NE 4 and Oklahoma Avenue, and more for-sale housing is being built as part of The Hill condominiums at NE 2 and Russell Perry Avenue.

An Aloft Hotel at NE 2 and Walnut, just east of Level, is set to open in mid-2013.

McKown, meanwhile, is planning development of a second apartment complex just west of Level, with designs set to be announced by summer.

“We're working very hard on the new project,” McKown said. “It will be a beautiful building. … Deep Deuce has reached a critical mass. People want to live down there. People have figured out it's a wonderful neighborhood. It's convenient to everything downtown, and there is an amazing sense of community.”

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...
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