Bet they changed the color of the stucco from white after seeing how well Level is holding up just a few years in…

That being said, the white would have looked better in terms of design.

I drove by this area yesterday and it actually looks okay in person. Much better than I thought it would. However, it is abysmal as far as pedestrian interaction on all sides.

http://farm3.staticflickr.com/2859/11802374455_7ff3160431_b.jpg (http://www.flickr.com/photos/77483833@N04/11802374455/)
East Downtown OKC (http://www.flickr.com/photos/77483833@N04/11802374455/) by lazio85 (http://www.flickr.com/people/77483833@N04/), on Flickr

We are very excited to see all the buzz on here about Maywood! If you have been waiting to apply for a new home at Maywood, we are NOW LEASING! We are also now available to schedule free tours of the property so that you can secure your new home! Don't miss the opportunity to be the very first resident in your home! Please contact me for any questions and to schedule a time and date for your free tour! :) Bernice Plange 405.601.6607 OR 405.789.3800. E-mail: maywood@sunridgeapts.net

http://www.okctalk.com/attachments/development-buildings/6102d1389806060-maywood-apartments-mw11314a.jpg


http://www.okctalk.com/attachments/development-buildings/6103d1389806061-maywood-apartments-mw11314b.jpg


http://www.okctalk.com/attachments/development-buildings/6104d1389806062-maywood-apartments-mw11314c.jpg


http://www.okctalk.com/attachments/development-buildings/6105d1389806063-maywood-apartments-mw11314d.jpg

The little awnings probably work fine for the juliet balconies but for the full balconies someone is getting wet... though in general they look aesthetic and not functional but we'll see.

Ugh…I really hope these are wonderful units to live in, because the outside just doesn't work. There are certainly worse things in the world, but this has nothing particularly redemptive on the outside.

Some flora in those Juliette balconies would go a LLLLOOOONNNNNGGGGG way to helping this project be appealing to onlookers.

Some giant flora, all around the building. And English Ivy.

I don't mind it that much. We'll see how it holds up though.

I've tried to google it without much success. What's with the Maywood name. Was that a regional name? Was it named after Albert Maywood De Bolt? Is there any knowledge about it beyond:

DeBolt in addition to his lumber business and real estate enterprises also owned several cotton gins. In the work The Story of Oklahoma City, by William F. Kerr and Ina Gainer, they mentioned in their biographical sketch on DeBolt that he helped develop several residential neighborhoods. This is pure speculation by the author’s part, but the Maywood edition located east of I-235 and Lincoln Boulevard today was probably one of DeBolt’s ventures as the his middle name was Maywood and it would make sense that he would leave some legacy of his work to continue long after his death.
http://okc-history.org/blog.php

Looks like a college dormitory to me...

I'm fairly sure at least half the reason it looks so underwhelming is going from white to tan on the outside paint. There is no genuine contrast in this building…that presents a problem aesthetically. The renderings looked so much better because 1.) The white color of the EIFS and 2.) The texture of the brick looked starkly different from what it looks like in real life (it almost looked like laid sandstone in the renderings.)

But, that's what $12M gets you…



Maywood Phase I
$12M - 139 Units
($86.3k/unit)


Maywood Phase II
$20M - 160
($125k)


LEVEL
$24M - 222
($108.1k)


The Edge
$34M - 252
($134.9k)


10th and Shartel
$42.5M - 327
($130.0k)


Metropolitan
$45M - 330
($136.4k)



Left out Mosaic because the Wiki didn't have the cost and the Steel Yard because it's a more complex project.

Looks like a college dormitory to me...

Exactly…hopefully it's nothing like Centennial Hall on OCU's campus, or this project is going to be an abject failure.

Gary Brooks is also dropping $75M on the Steel Yard and it's accompanying developments…I think Brooks deserves credit for stepping up on a different level than everyone else in terms of his investment in OKC.

He may occasionally linger around these parts and people (including myself) kind of jumped on him for a particular comment in one of Steve's pieces, but that list above is at least partially demonstrative of how huge of a boone he is to OKC.

I'm fairly sure at least half the reason it looks so underwhelming is going from white to tan on the outside paint. There is no genuine contrast in this building…that presents a problem aesthetically. The renderings looked so much better because 1.) The white color of the EIFS and 2.) The texture of the brick looked starkly different from what it looks like in real life (it almost looked like laid sandstone in the renderings.)

But, that's what $12M gets you…



Maywood Phase I
$12M - 139 Units
($86.3k/unit)


Maywood Phase II
$20M - 160
($125k)


LEVEL
$24M - 222
($108.1k)


The Edge
$34M - 252
($134.9k)


10th and Shartel
$42.5M - 327
($130.0k)


Metropolitan
$45M - 330
($136.4k)



Left out Mosaic because the Wiki didn't have the cost and the Steel Yard because it's a more complex project.

Interesting comparison -- thanks for working that up.

Will be interesting to see if the rents correlate with the per unit investment.

It should be noted that Maywood Phase I is the only one of those that has no street level retail/restaurant component, so the amount spent is of course going to be less. Even so, I'm not sure that brings the cost down to $20k/unit less than the next closest thing.

All the comparison properties only have a small amount of retail space.

Maybe factor in 4-5 more units in each, as that would be pretty close the finished square footage.

Interesting comparison -- thanks for working that up.

Will be interesting to see if the rents correlate with the per unit investment.

Doubt it. They'll probably be more inclined to compensate their REIT for their cheapness w high rents and then give concessions off of that. You always squeeze as much rent out of your property as you possibly can.

This actually turned out uglier than the rendering, which I didn't think was possible.

This actually turned out uglier than the rendering, which I didn't think was possible.

True, and the rendering was pretty ugly.

See, I was thinking that it looks slightly better than the rendering. Although where they got the idea to put bright blue awnings on a building that is all earth tones I do not understand. That dusty lavender at least would have blended a bit. What I do really like though is the grid pattern on the balconies. To be honest though, all lit up the building looks quite cheery. I have no idea what the apartments look like inside but there are a lot of bright lights on tonight which makes it look very inviting.

Wow. Metropolitan, Edge, and Steel Yard are going to blow this place right off the map.

Video added to article at top of the thread.

Doubt it. They'll probably be more inclined to compensate their REIT for their cheapness w high rents and then give concessions off of that. You always squeeze as much rent out of your property as you possibly can.

On page one you indicated this would be an average of about $115,000 per apartment. Did the budget change somewhere along the line? The renderings didn't really change, did they?

Everyone was very happy at the first part of this thread and now many seem to be very dissatisfied. Has the project changed? Have our expectations changed? Has the posters' attitudes just gotten grumpier?

Rover ^

This project was announced at the very beginning of the tidal wave of developments. Our standards and expectation were much lower, and now by the time this has been completed, it is of a lower quality as some of the more recent announcements.

Just shows how much positively our standards have changed in the last few years. We have 10th and Shartel, Metropolitan, The Edge, and the Steelyard which are probably the best developments in the state, in terms of design and urban principles.

I don't see this phenomenon as bad, but it is a very interesting note which you point out: our standards have changed.

Rover ^

This project was announced at the very beginning of the tidal wave of developments. Our standards and expectation were much lower, and now by the time this has been completed, it is of a lower quality as some of the more recent announcements.

Just shows how much positively our standards have changed in the last few years. We have 10th and Shartel, Metropolitan, The Edge, and the Steelyard which are probably the best developments in the state, in terms of design and urban principles.

I don't see this phenomenon as bad, but it is a very interesting note which you point out: our standards have changed.

Hopefully that continues to happen. I hope that when the Metropolitan is nearing completion, we are complaining about it because there are better things in the works (and not complaining about it because it's a lot worse than promised, Legacy-style). We're catching up on decades of missed development downtown, there will be some trial and error.

Also, if rents at the Maywood proved to be lower than other recent development, that will fill a big need and be worth a somewhat plain design.

Also, if rents at the Maywood proved to be lower than other recent development, that will fill a big need and be worth a somewhat plain design.

I think they will ultimately have to be. A friend of mine is looking for an apartment downtown, and right now every place he checked has like a 4 month waiting list. As long as there's not enough supply to meet demand, prices will stay high and we'll get more and more housing. Eventually they'll hit a point of equilibrium, and the more "plain" units will have to lower prices. To command really high prices you'll have to build a really nice development.

I think they will ultimately have to be. A friend of mine is looking for an apartment downtown, and right now every place he checked has like a 4 month waiting list. As long as there's not enough supply to meet demand, prices will stay high and we'll get more and more housing. Eventually they'll hit a point of equilibrium, and the more "plain" units will have to lower prices. To command really high prices you'll have to build a really nice development.

The Aberdeen is cheap and they got back to me quick and said they have no wait. That was a few months ago, decided I'm not ready to move yet.

The Aberdeen is cheap and they got back to me quick and said they have no wait. That was a few months ago, decided I'm not ready to move yet.
But I'd prefer no one to know that :) would hate to see it fill up and rates go up before I can get in :)

I'm beginning to wonder if rents will settle down anytime soon because it seems the more that is built, the more the demand.

It's a process that seems to feed on itself, where you get more people living downtown, there are more amenities and activities to support them, more people you know and want to know live down there, which means there are even more reasons to live in the area.

And, we have yet to see any big, new office construction and once that happens, the demand may take another big jump. And I still think the streetcar is going to have a huge impact.


Good thing we have plenty of open space to build. :) It seems we are going to need it.

^

I'd be perfectly happy with that. We could use a solid 30+ years of build build build.

From Sunday, 1/26/14:

In the shadow of Devon.
http://farm6.staticflickr.com/5482/12179942826_2cff370f2b_z.jpg

I toured the property on Saturday, and took some pictures and video. They have plenty of work left to do!

VIDEO:Maywood Apartments | Flickr - Photo Sharing! (http://www.flickr.com/photos/77483833@N04/12180129164/in/photostream/)

http://farm4.staticflickr.com/3778/12180283776_b50d0c861b_b.jpg (http://www.flickr.com/photos/77483833@N04/12180283776/)
Maywood Apartments (http://www.flickr.com/photos/77483833@N04/12180283776/) by lazio85 (http://www.flickr.com/people/77483833@N04/), on Flickr

http://farm4.staticflickr.com/3765/12179939203_0a0eb5ccc3_b.jpg (http://www.flickr.com/photos/77483833@N04/12179939203/)
Maywood Apartments (http://www.flickr.com/photos/77483833@N04/12179939203/) by lazio85 (http://www.flickr.com/people/77483833@N04/), on Flickr

What was that room pictured in the video above?

^

Looks like a future workout room.

I so hope that lot west of the tracks between 3rd, 4th, & Gaylord/Broadway turns into something big time!

I so hope that lot west of the tracks between 3rd, 4th, & Gaylord/Broadway turns into something big time!

Me too. Right now the only thing it is used for is the YMCA parking lot. You would think that lot would have a little more value than that.

Me too. Right now the only thing it is used for is the YMCA parking lot. You would think that lot would have a little more value than that.

The Chamber of Commerce had plans to build their new HQ there before 2008, but those plans are done. I'm sure there are people with ideas for that property though.

That big lot is now owned by SandRidge.

That big lot is now owned by SandRidge.

Do they have any plans to sell it soon or will it just sit there for a while?

They bought it before all the upheaval, so who knows.

Is it owned by SandRidge, or a Ward-related interest instead? Possibly Trent? I'm not certain of this; just thought that I had remembered it that way.

I thought it was a Ward-related interest as well...

I too thought it was owned by an LLC that is assumed to belong to Tom Ward and or his kids and not SD.

Is it owned by SandRidge, or a Ward-related interest instead? Possibly Trent? I'm not certain of this; just thought that I had remembered it that way.

That was rumored but the County Assessor now says SandRidge Realty, 123 Robert S Kerr.

Great pictures Lazio85, I can't wait for Parkside tower to be built in that first photo. Maywood Apartments is going to have some killer views of downtown OKC.

2/1/14 from Metro:

http://www.okctalk.com/images/pete/maywood020114a.jpg


http://www.okctalk.com/images/pete/maywood020114b.jpg

Signage went up today. Pics posting soon.

Signage went up today. Pics posting soon.

Metro, the signage has been up for a while.

Check the photos in the article above.

Anyone been inside yet?

Anyone been inside yet?

Someone posted a couple of pics and a short video a page back or so.

The lot east of the gas station, where they staged contstruction materials, is now new asphalt... What is up with this? I figured this would be used for Phase 2 as well.

The lot east of the gas station, where they staged contstruction materials, is now new asphalt... What is up with this? I figured this would be used for Phase 2 as well.

I was wondering the same thing. It has been asphalt for a couple weeks now.

Just FYI. Lots of he tenants are moving in this Friday

Just FYI. Lots of he tenants are moving in this Friday

Do you know how many units have been leased?

Went by a while ago and shot some photos of the lobby. Jamie Mason the community director told me they happened to have the floors painted today so I couldn't get any more than the lobby and a few of a courtyard through the window blinds. I will try and return next week. Pete will post the photos soon.

Here is one... I'll try and post the rest later today:

http://www.okctalk.com/attachments/development-buildings/6781d1392935455-maywood-apartments-mw022014a.jpg

Jamie Mason the community director told me

http://images5.fanpop.com/image/photos/26300000/20000-Leagues-Under-the-Sea-james-mason-26396155-504-335.jpg

Just FYI. Lots of he tenants are moving in this Friday

Will there be she tenants? Sounds pretty boring if not.... :D