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Pete
07-14-2013, 02:18 PM
The Bomsada project would go on some or all of these highlighted properties:

http://www.okctalk.com/images/pete/8thoklahoma.jpg

Urbanized
07-14-2013, 04:53 PM
Is that Starbucks still percolating?

Lord, I apologize for that right there.

Pete
07-14-2013, 05:24 PM
As far as I know, Starbucks is still on track.

Don't know if the hotel is still in the mix, but it could easily go on the south end and still have room for apartments to the north.

G.Walker
07-14-2013, 06:34 PM
No more cheap brick/stucco hotels, please! Just apartments, with ground floor retail pushed to the street...

adaniel
07-14-2013, 07:00 PM
As far as I know, Starbucks is still on track.

Don't know if the hotel is still in the mix, but it could easily go on the south end and still have room for apartments to the north.

Are these going to be for rent or to-own?

Pete
07-14-2013, 07:06 PM
The agenda just says "multi-family".

I would bet good money it will be apartments.

CurtisJ
07-14-2013, 11:17 PM
Are these going to be for rent or to-own?

It says pricing between $240,000 and $280,000. I would guess at least some of these are for rent though? Seems like an odd concept to be the first for sale housing in midtown.

ljbab728
07-14-2013, 11:22 PM
It says pricing between $240,000 and $280,000. I would guess at least some of these are for rent though? Seems like an odd concept to be the first for sale housing in midtown.

Do you really consider this area to be midtown?

catch22
07-15-2013, 03:28 AM
Guys that graphic was their Campbell park proposal Pete was showing for comparison. It is dead.

The only information on this new proposal is "a presentation by Bomasada Group for a multi-family project along Oklahoma at NE6"

Urbanized
07-15-2013, 07:34 AM
I've thought for many years this was one of the most under-appreciated and under-discussed potential locations for multi-family. Would have bet the house that a multi family project eventually located here, actually. The access is ridiculous.

G.Walker
07-15-2013, 08:42 AM
Most of their new multi-family projects look the same, so I don't expect anything different with this one. Expect 250-300 units 4-5 stories, with brick/stucco/marble finish, no retail.

Anonymous.
07-15-2013, 08:53 AM
I sure hope it isn't on the corner of Oklahoma and 6th. That corner deserves something greater.

HangryHippo
07-15-2013, 08:55 AM
I wouldn't mind seeing something like their project in South Carolina.

Pete, I was skimming the old Campbell Park thread. What ended up happening with the land that Belanger and Self owned? Is it still available?

adaniel
07-15-2013, 09:04 AM
I've thought for many years this was one of the most under-appreciated and under-discussed potential locations for multi-family. Would have bet the house that a multi family project eventually located here, actually. The access is ridiculous.

This. I am actually a little surprised its taken this long to get anything done on that corner.

I'm hoping above hope they do for sale housing here considering they were at least proposing it at one point. But the world is much different than it was in 2008.

Pete
07-15-2013, 09:17 AM
We are definitely in one of those commercial real estate cycles where everyone piles into the same segment because that's what is easy to get financed based on the very recent success of similar projects.

So for now, it seems to be a steady diet of apartments and hotels.

Looking forward to a shift towards more condos and office buildings.

betts
07-15-2013, 09:17 AM
I'm hoping above hope they do for sale housing here considering they were at least proposing it at one point. But the world is much different than it was in 2008.

Or at least people think the world is different. It's going to be very interesting to see what happens when Deep Deuce is full of rental apartments. Will it be overbuilt? Will owners have to compete, end up lowering what they charge for rent and then drop what they spend on maintenance or sell? I sometimes think developers are the least foresighted of all businessmen/women. We'll see.

Spartan
07-15-2013, 03:13 PM
I wouldn't mind seeing something like their project in South Carolina.

Pete, I was skimming the old Campbell Park thread. What ended up happening with the land that Belanger and Self owned? Is it still available?

OK Contemporary is going there. That's the reincarnation of the City Arts Center currently at the Fairgrounds.

Spartan
07-15-2013, 03:18 PM
By the way Pete, the Bomasada group has had Oklahoma in its range for a while now. They also developed a project in Brookside, one block to the west of Peoria. Perhaps they already sold it if its not in their portfolio, but I think it was for-sale.

It was a controversial project because some Brookside homeowners didn't want the density nor the McCondo aesthetic. But I think it was a nice project if I remember right.

dankrutka
07-15-2013, 03:39 PM
They also developed a project in Brookside, one block to the west of Peoria. Perhaps they already sold it if its not in their portfolio, but I think it was for-sale.

It was a controversial project because some Brookside homeowners didn't want the density nor the McCondo aesthetic. But I think it was a nice project if I remember right.

I walked around this project the last time I was in Tulsa and I love the location and idea of the project. If the execution is good it'll be a hit as it is literally next door to a Whole Foods and within walking distance of all the venues on Brookside. The only negative I really noticed is the visibility of the parking garage. It kind of towered over a lot of shops. Hopefully they're going to make it visually appealing with ivy or something else.

HangryHippo
07-15-2013, 03:51 PM
By the way Pete, the Bomasada group has had Oklahoma in its range for a while now. They also developed a project in Brookside, one block to the west of Peoria. Perhaps they already sold it if its not in their portfolio, but I think it was for-sale.

It was a controversial project because some Brookside homeowners didn't want the density nor the McCondo aesthetic. But I think it was a nice project if I remember right.

Can you share a link to this development or the intersecting streets so we can scope it out on the internetz?

Spartan
07-15-2013, 03:55 PM
I walked around this project the last time I was in Tulsa and I love the location and idea of the project. If the execution is good it'll be a hit as it is literally next door to a Whole Foods and within walking distance of all the venues on Brookside. The only negative I really noticed is the visibility of the parking garage. It kind of towered over a lot of shops. Hopefully they're going to make it visually appealing with ivy or something else.

I don't seem to remember the garage towering over shops but my memory doesn't go far beyond knowing it was Bomasada. Here's a link:

Upscale Brookside apartment complex to begin construction after three-year delay | Tulsa World (http://www.tulsaworld.com/site/printerfriendlystory.aspx?articleid=20120802_32_e1 _cutlin405883)

Guess it was rental after all.

catch22
07-18-2013, 05:55 AM
Is anyone planning on going to this meeting today?

betts
07-18-2013, 10:28 AM
You keep saying that Deep Duece is full or will be full of rental apartments. Deep Deuce, as currently planned, will be about 1/3 owned and 2/3 rental. It is starting to sound like you've got a beef with renters in the neighborhood or something. Block 42, The Hill, Central Ave. Villas, The Lofts at Maywood Park all represent a good deal of the land use in the neighborhood not to mention newer projects like the Clark Building home and the proposed Firehouse home. Attached is a quick image I drew up of the current, under construction, proposed, and really my best guess for district going forward for land use purposes.

You'll see that even though owner-occupied will have fewer units, they represent still a significant amount of land use within the district. I'm not really trying to start an argument with you but I don't see enough future rental projects even possible to expect any kind of "full of rentals" possibility. 4127

I should have been more clear. My concern in the quoted posts is not for how many rental units there are relative to for sale units. Rather, it has been my personal experience that developers build until they finally can't sell what they've built. With for sale housing, the developer has to continue to maintain unsold properties in order to sell them (sort of - we did have a bit of a problem with this at the Brownstones, and STILL have unfinished ends) Once they're sold, even if the price ended up being cut dramatically, in most instances owners have pride in ownership and maintain their property.

When it comes to rental properties downtown, we have no idea what the demand is and when or if the rental market will be overbuilt. There is still a fair amount of open land or unbuilt apartments in Deep Deuce and Midtown. Since the developer continues to own the property, if a rental "war" ensues, the developer will want to maintain profitability. Maintenance, landscaping, trash removal can suffer. That's not good for downtown IF that happens. If rental units are resold to out of town investors, then profitability becomes even more important. That is my concern, not the existence of rental properties in Deep Deuce.

wsucougz
07-18-2013, 11:03 AM
Totally agree. What's the latest on the unfinished ends? Will they cap them or is the idea still that the string of Brownstones will be extended? On one end they are planning the

townhomes, right? If so, will those butt right up against the unfinished end?

betts
07-18-2013, 01:30 PM
There are for sale flats in buildings similar to the Brownstones planned for two of the ends, although I believe it's on hold while some covenant issues are being worked out. One of the end buildings was purchased and is being finished out. They own the adjacent lot. I peeked inside and they are clearly planning on extending their house to the second lot, based on a dead-end hallway I saw. I don't know how many stories the addition will be, but they'll be required to finish the end of the house they've purchased.

catch22
07-18-2013, 07:33 PM
So did anyone go to this meeting or find any details on this project?

dankrutka
07-18-2013, 07:42 PM
Steve tweeted this earlier:

@stevelackmeyer: Dear @ferrisobrien - you will soon have new neighbors .... a few hundred new neighbors to be exact. Call me!

Isn't the Spy located in this area?

Pete
07-18-2013, 07:54 PM
^

Yes the Spy is on the west side of Oklahoma, just north of 7th.

I'm sure Steve went to the meeting today and will soon have a story about the new development.

dankrutka
07-18-2013, 08:16 PM
Here's another tweet from this morning:

@gamecockhOkie: The Bomasada apartment development at 6th and Oklahoma would feature 330 units with ave 1.75 parking spaces/unit structured parking. #OKC

Pete
07-18-2013, 08:23 PM
330 units would make it the largest downtown complex, bigger than the Legacy, Level... Even Regency Tower and Deep Deuce Apartments.

Would take existing and proposed downtown multi-family from 3,200 units to over 3,500... More than a 10% increase.

Will also bring a ton of people within walking distance of Auto Alley, which should help that district tremendously.

UnFrSaKn
07-18-2013, 10:01 PM
http://newsok.com/the-metropolitan-will-be-largest-single-housing-project-in-downtown-okc/article/3863714

Pete
07-18-2013, 10:10 PM
From the Oklahoman:

http://cdn2.newsok.biz/cache/r960-0cb30e01a8c09fa0c442242a51849a7a.jpg

More here:

Article Photos: The Metropolitan will be largest single-housing project in downtown OKC Gallery (http://newsok.com/gallery/articleid/3863714/pictures/2161841)

UnFrSaKn
07-18-2013, 10:11 PM
Here's a StreetView of that billboard on 8th. (https://www.google.com/maps/preview?authuser=0#!data=!1m8!1m3!1d3!2d-97.510414!3d35.47578!2m2!1f87.64!2f87.32!4f75!2m4! 1e1!2m2!1sur_ackx4FxnATe-gMpjetw!2e0&fid=5)

dankrutka
07-18-2013, 10:13 PM
Wow. The design looks good. Really impressive.

ljbab728
07-18-2013, 10:25 PM
Wow. The design looks good. Really impressive.

I agree. This was worth waiting for.

Rover
07-18-2013, 10:29 PM
Nicely done.

Steve
07-18-2013, 10:42 PM
Please don't repost full stories.

blangtang
07-18-2013, 10:51 PM
Hold on, help me out here...

The Metropolitan, a 330-unit, $45 million apartment complex that will be the largest single housing development announced yet for downtown Oklahoma City.

>only singles will be allowed to live here!

FAIL!

single largest housing development? what kind of kooky did I smoke tonight

Praedura
07-18-2013, 11:30 PM
The Metropolitan! Cool, we're going to get a modern subway system!

But seriously...

This looks really nice. And a cool name to boot. :cool:

Was anyone else aware of the scale of this thing previously? This is a surprise to me. I mean, with this thing and The Edge, and the Maywood Twins (my joke, sorry)... this is a lot of residential going up in the DT area.

blangtang
07-18-2013, 11:41 PM
You missed the posts that were deleted. And is was appropriate that they were deleted.


only children concern themselves with such matters.
----
bigger picture point I wanted to throw out there- houston developer and ATL architect on this project ->they make it look like a cakewalk to get this done.

via that one newspaper:


John Gilbert, president of Houston-based Bomasada Group, said that unlike a previous proposal he scrapped two years ago at NW 11 and Broadway, The Metropolitan is financed and will not require any tax increment financing or other public assistance.
...

“It's an oddity at 8th Street — the billboard,” said architect Mark Lange, principle in Atlanta-based Lord Aeck Sargent. “That's something we needed to incorporate into the project. We didn't have the option of removing the billboard.”

soonerguru
07-19-2013, 01:43 AM
The "NON" paywall rears its ugly head. Guess I'll have to sweat it out a couple more days to get the deets.

Teo9969
07-19-2013, 01:49 AM
Do we know if this will incorporate any non-residential elements?

soonerguru
07-19-2013, 01:55 AM
Do we know if this will incorporate any non-residential elements?

From the headline and the first three lines of the article, it doesn't appear so.

catch22
07-19-2013, 05:44 AM
Looks good. I echo someone's previous comment, the out of state guys know how to do urban projects.

Initial reaction is I'd like to see a little bit of street front retail, however I don't see that as a big issue. Auto alley is close by with a lot of retail presence.

Just the facts
07-19-2013, 06:26 AM
New housing development. 330 units with a price tag of $45 million. Not sure if this area is part of Deep Deuce or not but it is north of 6th St between the railroad and I-235.

http://newsok.com/the-metropolitan-will-be-largest-single-housing-project-in-downtown-okc/article/3863714

G.Walker
07-19-2013, 07:09 AM
So would this project be considered in Deep Deuce or AA?

Just the facts
07-19-2013, 07:39 AM
So would this project be considered in Deep Deuce or AA?

In my mind it doesn't belong in either. AA is a corridor that only exists along Broadway. Deep Deuce ends at what used to be Flat Iron (which should not be a district either but a cooridor alinged along Harrison). I think this area need a name all its own based on its location - not a made up 'subdivision' name.

Something like this
Nhari - pronounced like nair: North of Harrison
Rest: Railroad east

Anyhow, based on the rendering I really like how the buildings hug the sidewalk. I can't tell if any retail is planned but at this distance from other neighborhoods and future retail along Harrison I wouldn't expect much to be part of it - maybe a cafe at most. It will need a neighborhodd center though so a T5/T4 style park should be established around the intersection of 8th and Oklahoma

catch22
07-19-2013, 07:43 AM
Not too big on your names. Too manufactured.


It's not deep deuce and it's not auto alley. I'm sure both will claim it though. Auto alley would be the better fit though.

G.Walker
07-19-2013, 07:44 AM
Yes, I like the design and layout, but I am questioning the aluminum/steel siding? I can see the brick, but is that gray material going to be aluminum?

Lord Aeck & Sargent (http://www.lordaecksargent.com/portfolio-housing_mixed_use/featured_projects/multi-family_residential/n._highland_steel_lofts)

BoulderSooner
07-19-2013, 07:46 AM
it really is in the midtown of Okc .... (yes i know it is not in Midtown OKC boundaries)

Urbanized
07-19-2013, 07:53 AM
“We like this site better,” Gilbert said. “We are within walking distance of Bricktown, Deep Deuce, Automobile Alley and MidTown. We have great access to I-235 and 10th Street. We really have great access to everywhere in the city.”
Exactly what I was saying. EASILY walkable to AA/9th, Deep Deuce, Bricktown and the CBD. Also a very reasonable walk to Midtown. I'm not sure I can think of too many places that are better locations for That type of walking access to all of those places. He also mentions by inference the ridiculously good access to the interstate system. Not mentioned is that the OU medical center and especially the research park are also within reasonable walking distance. It really is the best of both worlds for urban living in a car-based city.

As much as I might personally prefer to live in another part of downtown, if in the past decade you would have told me that you were sitting on a pot of money and asked me where you should build a bunch of multi family, this would have been the place I would have suggested. Not that anybody did, or would LOL.

But I am convinced this thing is going to be outrageously successful with very little marketing effort needed if any.

Just the facts
07-19-2013, 07:54 AM
Yes, I like the design and layout, but I am questioning the aluminum/steel siding? I can see the brick, but is that gray material going to be aluminum?

Lord Aeck & Sargent (http://www.lordaecksargent.com/portfolio-housing_mixed_use/featured_projects/multi-family_residential/n._highland_steel_lofts)

I don't see anything I don't like about it. There isn't anything around it right now that should be emulated so they can establish their own style for the area. Is this the same area Panera Bread was rumored to be looking at?

BoulderSooner
07-19-2013, 07:55 AM
The "NON" paywall rears its ugly head. Guess I'll have to sweat it out a couple more days to get the deets.

paywall is always turned off if you read via cell phone ..

catch22
07-19-2013, 07:57 AM
I don't see anything I don't like about it. There isn't anything around it right now that should be emulated so they can establish their own style for the area. Is this the same area Panera Bread was rumored to be looking at?

Starbucks is rumored for 6th and Oklahoma on the NW corner. This development is on the NE.

catch22
07-19-2013, 07:59 AM
paywall is always turned off if you read via cell phone ..

Shhhhhhhh... :cool:

AP
07-19-2013, 08:00 AM
I'm not a fan of making up districts for everything. I think it probably fits better with AA.

HangryHippo
07-19-2013, 08:01 AM
I'm not a fan of making up districts for everything. I think it probably fits better with AA.

Agreed.

warreng88
07-19-2013, 08:08 AM
I am curious if this development will fast track development in the areas north of 6th, south of 9th, east of Broadway and west of Oklahoma Avenue. I know Steve Mason owns a couple of properties in that area and the properties along 6th street east of Broadway could be really cool if worked on by the right person. Oh and don't forget about the railroad quiet zone. I think that will help out the most.

PhiAlpha
07-19-2013, 08:21 AM
You missed the posts that were deleted. And is was appropriate that they were deleted.

Ah, my bad. I guess I jumped in too late.

pickles
07-19-2013, 08:23 AM
This is such great news.