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.
Bricktown and Midtown are set to see added entertainment venues with Brickopolis, a gift shop, game room and pizza restaurant; and Fassler Hall and Dust Bowl Lanes, beer garden, live music hall and vintage style bowling alley, respectively.
Office construction set to start this next year includes a two-story building at NW 12 and Walker Avenue in Midtown, a new OGE Energy Corp. high-rise headquarters at Sheridan and Hudson Avenues, and development of the NE 6 and Harrison block into a headquarters for PLICO insurance and adjoining speculative office space.
Office, retail space
Historic building renovations at 1100 and 1101 N Broadway and of the former Mideke Building in Bricktown — all of which are being converted into office and retail space — can be valued at millions more. The renovation list continues with the conversion of the former Central High School into the OCU Law School, and the upcoming redevelopment of the former Journal Record Building.
We may see more mid- to high-rise development on the south half of the Stage Center block that is set to become home to OGE Energy Corp. as Chicago-based Clayco pitches a redevelopment plan for the property to the Urban Renewal Authority. And chances are high the city may hear news this next year about a significant tower development at the corner of Hudson Avenue and Main Street just west of Devon Energy Center.
Add up what’s still in the works, the $250 million will be dwarfed by a figure that will exceed $1 billion. Maybe then I’ll finally write up that list.