Share “Investment in ongoing downtown,...”

Investment in ongoing downtown, development could reach $1 billion

If one adds up all of the projects under construction or set to get underway this year in Oklahoma City, the number easily exceeds $250 million. Add up what’s still in the works, that total will be dwarfed by a figure that will exceed $1 billion.
by Steve Lackmeyer Modified: July 22, 2014 at 9:00 pm •  Published: July 21, 2014
Advertisement

photo - 
The former Central High School building which is the future home of the Oklahoma City University School of Law.  Photo by Doug Hoke, The Oklahoman
  DOUG HOKE -
The former Central High School building which is the future home of the Oklahoma City University School of Law. Photo by Doug Hoke, The Oklahoman DOUG HOKE -

A reader recently told me how he keeps a running list of downtown projects as he asked me about my own list.

Confession time: I don’t keep a list other than what I keep in my head. And every few weeks I pause to calculate the totality of ongoing investment downtown. And if one adds up all of the projects under construction or set to get underway this year, the number easily exceeds $250 million.

Hundreds of new apartments make up a large part of the $250 million.

Work wraps up later this summer on the 250-unit Edge Apartments at NW 13 and Walker Avenue in Midtown, and completion of the 97-unit Mosaic at NE 3 and Oklahoma Avenue in Deep Deuce should follow soon after. Another 10 apartments will pop up this winter when renovations are completed at the Marion Hotel at NW 10 and Broadway along Automobile Alley.

Construction has started, meanwhile, on the 330-unit Metropolitan Apartments at NE 8 and Oklahoma Avenue, and on the 329-unit Lift Apartments at NW 10 and Shartel Avenue in Midtown.

Work, meanwhile, is expected to start this next year on the $20 million, 160-unit second phase of the Maywood Apartments at NE 4 and Oklahoma Avenue in Deep Deuce, the $6 million, 32-unit Civic Center Lofts condominiums, and a $6 million, 60-unit addition to Sycamore Square apartments.

Get out the calculator and the number of new apartments and condominiums being built downtown exceed 1,268 (not including ongoing construction of townhomes at The Hill in Deep Deuce). At least four significant housing projects have yet to be announced or finalized and could significantly add to this total.

Hotel construction continues with projects set to start soon including a Staybridge Suites and Springhill Suites in Bricktown and a 21c Museum Hotel in the Film Row district. I am tracking five more hotels in play for Bricktown that likely will be announced over the next several months.

Continue reading this story on the...

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...
+ show more


Trending Now


AROUND THE WEB

  1. 1
    Tulsa secret Santa pays off Wal-Mart layaways, hands out gift cards
  2. 2
    Cuban-born Tulsans have different perspectives on policy shift
  3. 3
    Bo Pelini rips Nebraska A.D. Shawn Eichorst in expletive-filled talk during final meeting with...
  4. 4
    More theaters bail on 'The Interview' in wake of hackers' threat
  5. 5
    Tulsa Washington alum Tyler Lockett on AFCA Coaches' All-American Team
+ show more