Oklahoma City developer Gardner Tanenbaum Group is considering repurposing a portion of the long-shuttered Lincoln Plaza Hotel near the state Capitol as housing.
The Oklahoma Planning Commission on Thursday will consider plans to convert the seven-story hotel portion of the Lincoln Plaza complex at 5345 N Lincoln Blvd. into a multifamily housing complex.
Drawings submitted to the Planning Commission show the distinctive crescent-shaped 1960s-era hotel redeveloped into swank housing units with new balconies overlooking a pool.
Reached by phone Tuesday, Gardner Tanenbaum CEO Dick Tanenbaum said the housing plans before the Planning Commission are just one of several options being considered for the remainder of the property.
Gardner Tanenbaum paid $2.6 million for the two former hotel buildings on 18 acres on Lincoln Avenue in August 2011.
About $19 million has been spent renovating a three-story building on the property as the new headquarters of the Oklahoma Health Care Authority. The project was recently completed, and the state agency now inhabits the renovated building.
We bought the whole property, and now we’ve got to figure out what to do with the rest of it.”