Health issues are prompting a couple who spent eight years building their dream home in Deep Deuce to place it for sale just two years after its completion.
When Larry and Regina Waters first bought the empty, forgotten two-story Clark Building, 16 NE 2, in 2004, the surrounding area was littered with abandoned surface parking lots. The block is now fully developed with condominiums, an upscale hotel, restaurants and shops.
Area developers have long considered the redeveloped Clark Building a showstopper for the district.
The addition of bay windows to the brick building’s west facade, a 1,500-foot glass-encased entertainment room and pool added to the rooftop have long captured the curiosity of onlookers who often sought to coax contractors into letting them get an inside glimpse of the property while it was still being renovated.
The property measures 18,500 square feet, including indoor parking. Another 4,000 square feet of outdoor lanai living space is on the penthouse floor, including a rooftop saltwater pool, koi pond, kitchen, garden and living space.
The nature of Larry Waters’ health issues was undisclosed, but at a meeting Wednesday of the downtown business improvement district (he is a board member), officials with Downtown Oklahoma City Inc. reported Waters recently suffered a stroke.
Justin Wilson and Andy Burnett with Newmark Grubb are representing the Waterses on the sale. They are not listing an asking price.
“Deep Deuce has seen tremendous growth in recent years,” Wilson said. “I think the Clark Building is a perfect example of how innovative design can inject substantial value into Oklahoma City’s growing fully mixed-use urban neighborhoods.”
Wilson said the sale includes the adjoining surface parking lot to the east of the Clark Building.
“The design of the building and the additional land available with it create a lot of opportunity for the future owner,” Wilson said. “There is a lot of potential to do something really creative in this location. It will be interesting to see how this building influences future high end redevelopment projects. It is a blueprint for the type of urban housing that can attract high net worth individuals to the urban core.”
Burnett called the Waterses “visionaries” who early on saw potential in Deep Deuce as a mixed-use urban neighborhood.
“They saw the potential for Deep Deuce before most others. Where else in Oklahoma can you find a luxury urban home with a rooftop pool, koi pond, garden and kitchen? It’s the coolest home in OKC. I hope we can find someone to take as good of care of it as the Waters have.”
Newmark Grubb will host three upcoming open houses at the Clark Building, and will not be allowing any other tours of the property. The open houses will will be held 7 to 8:30 p.m. Tuesday, 8 p.m. to 9:30 p.m. July 24, and 4 p.m. to 6 p.m. July 28. Purchase offers will be due 5 p.m. July 29.