Tulsa Development Summary

[HangryHippo]

Some good infill replacing a surface lot:

https://tulsaworld.com/business/loca...1228529b1.html

This looks great. And Pivot does good work.

[Pete]

^

This galls me a bit.

The Pivot guys were working with Arrive Hotels for the spot next to Elk Valley Brewery which will now be an office building.

The story mentions Chris Pardo as the designer for the hotel, which almost certainly means it will be an Arrive.

[Plutonic Panda]

Nice TW article summarizing the developments in downtown: https://tulsaworld.com/news/local/ph...7611b2e.html#1

[ChrisHayes]

Wow, I didn't know there was so much going on in Tulsa. Imagine what it would be like if they were growing like OKC is.

[HangryHippo]

^

This galls me a bit.

The Pivot guys were working with Arrive Hotels for the spot next to Elk Valley Brewery which will now be an office building.

The story mentions Chris Pardo as the designer for the hotel, which almost certainly means it will be an Arrive.

Why the switch? Any idea what happened?

[Laramie]

Good looking development infill projects being proposed and under construction in Tulsa. Kudos, to Tulsa, you're looking great.

[shavethewhales]

Wow, I didn't know there was so much going on in Tulsa. Imagine what it would be like if they were growing like OKC is.

We are growing pretty rapidly. OKC is definitely going faster with much more critical mass, but stuff is going up everywhere in Tulsa right now. This is like the 3rd or 4th major residential complex in the downtown area to be announced recently that hasn't broken ground yet.

There's a 12 story (well, 6 office floors and 6 parking levels) office tower being topped off right now in the blue dome, a major 11 story office tower just being completed in the arts district (former WPX HQ), and then they'll break ground soon on a large apartment building in the blue dome next to the new tower, then a huge new infil lot development that will include a hotel, grocery store, and apartment building in the heart of downtown, and then there's the new 42 story tower plus other things that was announced as part of a RFP process just to the north of downtown that the city is backing. Also don't forget the new car vending machine/hotel/apartment thing on the southside of downtown.

And all that is just in the downtown area. Elsewhere across the metro there are new housing projects going up as fast as they can construct them. Finding labor and materials is basically the only thing hindering our growth rate. I work as a civil engineer in the land development industry and my small office is working on three neighborhood developments ourselves locally. Even outer boroughs like Sapulpa are expanding quickly with tons of new downtown stuff.


But getting back to that new complex that was just announced: wow, what a contrast. The Arrive hotel is beautiful and fits the character of the area so well. The garage is sorely needed and the lower levels look cool. The apartments look like crap. It's like they got to the apartments and ran out of time and went with some god awful 80's concept. I hope that design doesn't stick, but everything else does.

[chssooner]

I am guessing that the Arrive Hotel in Tulsa will go the exact same way as the OKC Arrive Hotel.

[Plutonic Panda]

New $38 million dollar psychiatric hospital for downtown Tulsa:

The Tulsa Center for Behavioral Health is just one step away from securing $38 million needed for its new 106-bed mental hospital in downtown Tulsa.

The Oklahoma Legislature’s Joint Committee on Pandemic Relief Funding this week gave its final blessing to the proposal to fund additional patient capacity and expanded behavioral health and internal medicine services at an already in-process new hospital.

It is but one of a slate of project proposals seeking some of Oklahoma’s $1.8 billion share of the $1.9 trillion federal economic stimulus bill called the American Rescue Plan Act of 2021. Committee-approved project proposals will go before the full Legislature during a special session, which is expected to reconvene in late September.

- https://tulsaworld.com/news/local/tu...f164e0469.html

[Plutonic Panda]

Lots of various infrastructure improvements proposed to facilitate the growth of the Tulsa metropolis eastward:

https://tulsaworld.com/news/local/go...99876c999.html

[Plutonic Panda]

Good news for Tulsa:

Four communities will share $180 million in federal grants to revitalize public housing and the surrounding neighborhoods, the U.S. Department of Housing and Urban Development announced Monday.

This year’s recipients of the department’s Choice Neighborhood Implementation Grants are Tulsa, Oklahoma ($50 million); Omaha, Nebraska ($50 million); Knoxville, Tennessee ($40 million); and Durham, North Carolina ($40 million).

- https://www.route-fifty.com/manageme...rogram/377360/

[formerly405Tulsan]

The Devon/WPX building ribbon cutting is today.


https://tulsaworld.com/business/loca...9cd09d88a.html

[Plutonic Panda]

Lots of construction happening in North Tulsa including a new Costco store:

Developments looming large in and near north Tulsa

Dump trucks, cement mixers and excavators are among the heavy machines that have been crawling around two massive economic developments underway in and near north Tulsa.

A Costco warehouse is going up at the northeast corner of 46th Street North and U.S. 169, and Tulasi Commerce Park is being built at the northeast of Whirlpool Drive and East 76th Street North.

The one-story, 196,958-square-foot Costco, which will have distribution capacity, will be the company’s second site in Tulsa, joining the store that opened in 2016 at 10220 S. Memorial Drive.

“Costco’s decision to place a second store in Tulsa is an indication of solid retail confidence in our community,” said Michelle Barnett, senior vice president of economic and workforce development of PartnerTulsa, the city’s economic development organization.

People are also reading…


“Costco provides a recognized corporate culture that promotes quality jobs with competitive wages, benefits and career growth. We’re excited to continue working with Costco to grow retail and job opportunities in Tulsa.”

The retail portion of the project is expected to be more than 150,000 square feet, with part of the balance devoted to distribution, Barnett said.

As part of the city’s Retail Incentive Program, the municipality agreed to provide economic incentives valued up to $3.9 million to Costco to help with infrastructure improvements.

After completion of the facility and a year of operation, the program will return 20% of the unobligated city sales tax (2%) to the company annually for 15 years or until the total of the incentive reaches $3.9 million, whichever occurs first, Spencer Mitchell, director of economic incentives for PartnerTulsa, said earlier this year.

The pact stipulates that as part of the $19 million development, the membership-only warehouse club must create at least 125 jobs, hold at least one workforce recruiting event in Tulsa City Council District 1 or 3 prior to opening the facility and partner with the local food bank to donate excess food.

Completion is scheduled sometime in 2023.

Kansas City, Missouri-based VanTrust Real Estate, LLC, said earlier this year it is investing at least $50 million to build Tulasi Commerce Park, which is a pair of speculative Class A industrial buildings.

Constructed on 44 acres, the park will feature a 231,130-square-foot, rear-load building and a 453,486-square-foot, cross-dock building.

VanTrust is working with Collier Imgrund of Newmark Robinson Park to market the project, which is scheduled for completion in May.

“National developer, VanTrust, has spared no expense with Tulasi,” Imgrund said. “This Class A development features 135-foot truck courts plus trailer parking and modern clear heights of 32 feet and 36 feet. And proximity to amenities like the airport, Port of Catoosa, and (U.S.) 75 will provide solutions to a wide variety of users.

“Robust market growth over the last couple of years, paired with record levels of consumer spending, have pushed volumetric requirements for 3PL (third-party logistics) providers across the country.

“Strategically placed centralized distribution nodes have become more important than ever to meet consumer expectations. VanTrust continues to be a national leader in providing a quality product that meets modern demand,” he said.

- more here: https://tulsaworld.com/business/loca...f9dfbde0f.html

[Plutonic Panda]

Tulsa city council voted to redevelop the Woodland Hills mall:

https://okcfox.com/news/local/tulsa-...-with-scheels#

[formerly405Tulsan]

Not sure if it goes here, but recently Helmerich & Payne announced they are moving their 375 employees from Boulder tower to the new WPX building.

From the article

"the company will occupy about 80,000 square feet on the fifth, 10th and 11th floors. H&P also will have signage at the top of the building."

https://tulsaworld.com/news/local/he...9a9548338.html

[BoulderSooner]

Not sure if it goes here, but recently Helmerich & Payne announced they are moving their 375 employees from Boulder tower to the new WPX building.

From the article

"the company will occupy about 80,000 square feet on the fifth, 10th and 11th floors. H&P also will have signage at the top of the building."

https://tulsaworld.com/news/local/he...9a9548338.html

good on devon for getting that lease done

[Laramie]

Excited for Tulsa.

Together the Tulsa & Oklahoma City metropolitan areas will anchor our state's growth.

[BG918]

Not sure if it goes here, but recently Helmerich & Payne announced they are moving their 375 employees from Boulder tower to the new WPX building.

From the article

"the company will occupy about 80,000 square feet on the fifth, 10th and 11th floors. H&P also will have signage at the top of the building."

https://tulsaworld.com/news/local/he...9a9548338.html

It will be interesting to see what happens with H&P's current building at 15th & Boulder where they occupied nearly 120k sf. Once they move out that building will be roughly 56% occupied so a conversion to residential may make sense, especially since the area around it in Riverview is mostly residential. There are quite a few surface parking lots around it that could also be developed if it was converted to apartments - the building itself has a large parking garage on the north side of the building.

Current H&P HQ - Boulder Tower


Original Skelly Oil building constructed in 1960 - another adjacent tower was constructed in 1980

[formerly405Tulsan]

It will be interesting to see what happens with H&P's current building at 15th & Boulder where they occupied nearly 120k sf. Once they move out that building will be roughly 56% occupied so a conversion to residential may make sense, especially since the area around it in Riverview is mostly residential. There are quite a few surface parking lots around it that could also be developed if it was converted to apartments - the building itself has a large parking garage on the north side of the building.

Current H&P HQ - Boulder Tower


Original Skelly Oil building constructed in 1960 - another adjacent tower was constructed in 1980

Where are you getting that 56%? Pretty neat. Just curious if there is a tool out there I could use to look up occupancy rate of some buildings.

And yea, that may make sense. I worked next to it until 2019, and that building felt like it needed some work. Not sure what shape the HP floors are in, but that has to be towards the bottom of the totem pole when it comes to desirable places to move too.

[BG918]

56% is based on what they have currently available vs occupied, which is right around 79%, after H&P moves out.

While the immediate area doesn’t have a lot except the Ambassador/Chalkboard you have within walking distance several bars and restaurants at 18th & Boston, Doubleshot coffee at 17th & Boulder, the riverfront a quarter mile to the south and Cherry Street a half mile to the east. So I think apartments would work there especially for people who work downtown but want to live closer to midtown.

The Riverview area has one of the highest concentration of apartments in Tulsa but 15th & Boulder has been a dead zone because of Boulder Towers and all of their surface lots.

[formerly405Tulsan]

The "WPX building" has announced a few new tenants. First, a restaurant called "Fixin's Soul Kitchen" will be at the bottom. Only other spots are in LA and Sacramento.

https://www.fixinssoulkitchen.com/

Secondly, legacy Bank from Missouri announced they are opening up a Tulsa Market HQ in there. This is significant because it is a new operation, not something moving from another tower in Tulsa.

https://www.fox23.com/news/legacy-ba...outputType=amp

[BoulderSooner]

The "WPX building" has announced a few new tenants. First, a restaurant called "Fixin's Soul Kitchen" will be at the bottom. Only other spots are in LA and Sacramento.

https://www.fixinssoulkitchen.com/

Secondly, legacy Bank from Missouri announced they are opening up a Tulsa Market HQ in there. This is significant because it is a new operation, not something moving from another tower in Tulsa.

https://www.fox23.com/news/legacy-ba...outputType=amp

devon has done a very good job filling that building

fixin soul kitchen is from former NBA star (and Sacramento mayor ) Kevin Johnson and his wife

[Jeepnokc]

The "WPX building" has announced a few new tenants. First, a restaurant called "Fixin's Soul Kitchen" will be at the bottom. Only other spots are in LA and Sacramento.

https://www.fixinssoulkitchen.com/

Secondly, legacy Bank from Missouri announced they are opening up a Tulsa Market HQ in there. This is significant because it is a new operation, not something moving from another tower in Tulsa.

https://www.fox23.com/news/legacy-ba...outputType=amp

Looks like a good get with Fixins. Only two location in California and coming to Tulsa. Menu looks fantastic. Surprised at the 24 hour brine on the chicken....must use a low salt content in the brine. Whenever I brine chicken over 2-3 hours. it get salty. Will definitely be trying this when they open...especially the deep fried deviled eggs.

https://menu.stellarmenus.com/web/fi...9d52e76cd0c05e

[formerly405Tulsan]

"Gallery: New downtown Tulsa 'playground' to feature Ferris wheel, pickleball courts"

https://tulsaworld.com/entertainment...kleball-courts

These renderings are a preview of what Watershed Hospitality — the company that owns Alley Cat Ranch, Kilkenny’s Irish Pub, Nola’s Creole & Cocktails and The Hemingway — has planned for this area near Second and Hartford, just inside the Inner Dispersal Loop downtown.

“This is really just a place holder for a much larger concept,” said Tom Pritner, vice president of operations for Watershed Hospitality. “We’re going to turn this into the largest multi-purpose adult playground in the state.”

Pritner said the plan is to build a 4,000-square-foot facility next to an old service station that will be the hub of an acre’s worth of outdoor space. It will offer visitors everything from pickleball courts to a Ferris wheel. Three bars and two kitchen spaces will be able to serve 800 to 1,000 guests a day.

Pritner said the plan is for the official groundbreaking to take place within the next few months, and that construction would likely take another 18 months to complete.

[Plutonic Panda]

New sushi and pickleball facility:

https://okcfox.com/news/local/local-...ball-facility#