I was being intentional when I said “more affordable,” which was in no way saying that I expect to see “affordable housing” in the below market or subsidized sense.
I would expect that all Wheeler properties will be at or above market rate across the board on a price per square foot basis. And let’s be real, most likely they’ll all be above market. What I meant was that there will be different product available in the form of smaller footprints, likely even some tiny homes, plus condo and other multi-family.
There have been a number of people on here bemoaning the fact that purchase prices started at $400K+ and probably averaged more like $500-600K. Wheeler has been transparent from the outset that the first homes would lean heavily on the upscale market as the development established itself, and then they would begin bringing on additional types of product that was more accessible to other income levels. This is clearly happening beginning with this phase.
Many more people will now find Wheeler accessible from an income standpoint, although they certainly won’t be buying sprawling ranch homes or McMansions, but rather a pretty compact urban dwelling.
Do I think that you’re likely to see below market or federally subsidized housing there? Doubtful, other than the possibility that you might see some workforce housing in the multi family sector, which would also enable some FHA grants.
Nothing you said seemed unusual. You provided current evidence to the contrary, however minor and technical it was, basically said “it’s not hard to find.” Simple enough. No idea how anyone could read that as “emotional” or “blabbering” or “bashing” without already having a fervent investment.
WOW! That last picture is incredible. I don't think anyone outside of OKC and maybe most in OKC would have any idea this is Oklahoma City! Absolutely loving watching our City mature and grow and establish different areas of the city as options for style of living.
Ditto!
Pete - wondering if you have any drone shots from directly overhead the houses just so we can see what the (non-)backyard space is like and what the density is on the ground?
The mid-sized homes typically have a side yard between them and the neighboring properties. Some have yards between the house and the garage. A few have installed small pools.
There are some larger homes on the western boundary with larger lots. And there are also smaller homes without garages and even some condos. The live/work units have decks above their covered parking.
Thx (and for all your pics!), good to see from this perspective...
As they move north, it's going to get even denser. The apartments should start rising out of the ground in the next couple months.
Pete, do you know if they plan to build anything around the oil rig or if there is any new development in the works?
Has there been a proposed timeline for the different "phases" of Wheeler? Assuming those apartments are going up soon. Being in the area is so exciting every time and it still blows my mind how much is still to come!
Other than demolishing the hanger, it doesn't look like there has been much progress on the apartment complex planned for the southeast corner of this development.
All those homes along the creek at the south end have gone up very quickly.
These are the next plats:
Wheeler residents were told those larger apartments would begin construction in October 2023, so it’s a bit concerning no progress appears to have been made. Perhaps they are waiting until the single family homes in that area are completed?
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