Oklahoma City MidTown property sold; housing development possible
A large area along NW 10 once planned for a future expansion for Valir Health has been sold to the MidTown Renaissance Group and may be redeveloped as housing.
A large swath of property along NW 10 once planned for a future expansion for Valir Health has been sold to the MidTown Renaissance Group and may be redeveloped as housing.
Goals are revised
When the Medical Corridor Business District was started several years ago, it was tasked with developing the stretch of NW 10 between St. Anthony Hospital to the west at Walker Avenue and the Oklahoma Health Center at Lincoln Boulevard to the east. Pat Rooney, board chairman, acknowledges much of the original task is now being met by the private MidTown Renaissance Group, which has redeveloped several of the blighted properties along the corridor. Rooney said the district is now being administered through Downtown Oklahoma City Inc. and new goals are being developed, including the potential relocation of an Oklahoma Gas & Electric electrical substation at NW 10 and Oklahoma Avenue and modifications to the NW 10 crossing over
The site was controlled by the nonprofit Medical Corridor Business District and was sold to Valir in April 2011 for expansion of its Oklahoma City operation. Valir recently sold the property to MidTown Renaissance Group for $697,000, giving the development team led by Bob Howard control of the entire block between Harvey and Hudson Avenues, NW 10 and Park Place.
Officials with Valir did not return calls from The Oklahoman. But Chris Fleming, a partner in MidTown Renaissance Group, confirmed a Valir expansion is no longer planned at the site.
Fleming would not comment on his firm's future plans for the site. MidTown Renaissance Group has redeveloped several surrounding properties into housing, including Hadden Hall, the Cline Hotel, the 1212 Building, and 430 NW 12.
Pat Rooney, chairman of the Medical Corridor District, said Valir Health was unable to meet an 18-month deadline set for developing the property.
“I think, eventually, housing will be a good possibility,” Rooney said. “It will be a slower development. … We would love to see the kind of work the Howard group has done. I think it will be done right, and they have much of 10th Street already. They can really control the face of the district.”
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