OCURA had previously solicited a request for proposal (PFP) and received two responses for the vacant 1.8 acre parcel.
The RFP was a reissue after a similar process when a developer failed to perform in 2014 on a project that proposed micro living units and live/work spaces.
Dubbed 700 West, the new 4-story development would feature 138 affordable housing units, a pool, playground area, dog park and surface parking.
As proposed, the 121,425 square foot building would contain 27 studios, 84 1-bedroom and 27 2-bedroom apartments ranging in price from $675 per month to $1,249 for income-qualified tenants.
OCURA had sought proposals that would add new affordable housing to the downtown area, as rents continue to rise in the city's core.
The development team is led by Ron Bradshaw who is currently mid-way through another housing project in tandem with OCURA, the Page Woodson complex in northeast Oklahoma City.
Bradshaw also developed the nearby Civic condominiums.
Gardner Architects is in charge of the design work and CMSWillowbrook would be the general contractor.
OCURA will vote to formally approve Bradshaw's group in a meeting to be held Wednesday.
