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Nichols Hills sees first new subdivision in 10 years

Glenbrook Park will have 14 lots, two cul-de-sacs and a pedestrian-friendly greenbelt. It will be less dense and much greener than a neighborhood on the same five acres rejected last year by the Nichols Hills City Council.
by Richard Mize Published: November 10, 2012
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It took a nip and tuck and whole different approach to the streets, but the first new neighborhood in Nichols Hills in a decade is well under way.

Developers of Glenbrook Park, on the north side of NW 63 between Pennsylvania and Grand avenues, are carving out 14 lots and two cul-de-sacs connected by a pedestrian-friendly greenbelt.

The developers — architect Jim Loftis, builder Kelly McNitt and investor Jack Golsen — got approval in September and wasted no time getting started. Streets were poured this week. Landscaping will be next, and McNitt said the five acres should be fully developed by early December.

Building will soon follow. Loftis said seven lots are reserved, two have prospective buyers and five remain available.

Loftis said real estate firm Kanela & Co. helped the developers navigate their plan through hard-to-satisfy Nichols Hills residents and city leaders at public meetings. Kanela & Co. also is marketing the lots for custom building starting at $295,000 for homes ranging from 3,100 to 4,200 square feet.

“We're not trying to build homes. We're just developing lots,” Loftis said, noting that a homeowners association is in place to maintain high construction and materials standards without crimping architectural styles.

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by Richard Mize
Real Estate Editor
Real estate editor Richard Mize has edited The Oklahoman's weekly residential real estate section and covered housing, commercial real estate, construction, development, finance and related business since 1999. From 1989 to 1999, he worked...
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