Young man,
There's no need to feel down...

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

It would upset the already favorable balance in the neighborhood....

Young man,
There's no need to feel down...

Like

I think this has been talked about before, but are ther any plans for the strip of land between this and the Brownstones? Who owns the land?

I think the Maywood/Brownstone group still owns all of those parcels and original plan was for more Brownstones. Looking less likely, though.

Just a taste of a bunch of photos Will took today at the Maywood:


http://www.okctalk.com/attachments/development-buildings/6840d1393540415-maywood-apartments-maywood022714a.jpg

I dig that.

Now that's cool!

Sent from my BNTV600 using Tapatalk

http://www.okctalk.com/attachments/development-buildings/6844d1393607557-maywood-apartments-mw022714b.jpg



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I think the outdoor public spaces are the highlights, and there is actually something to be said for that I suppose. Hey, different strokes. I would have loved to live in that place when I was a twenty-something just out of school.

Bunch more photos of this project here:

Flickr: okctalkphotos' Photostream (http://www.flickr.com/photos/okctalk/)

http://farm8.staticflickr.com/7428/12875199104_79b4a8c4fc_c.jpg

what are those buildings across the street and are there any plans to renovate or replace them? They could make for a cool restaurant. I wish we'd get a more real New England type seafood eatery here. This place could be really cool from the looks of it.

I also wish they'd replace these roads and add medians with more landscaping going under the rail-road tracks. These streets don't need to be 4 lanes as there is hardly anyone on them.

This looks amazing. It would be nice to be able to afford to live there.

what are those buildings across the street and are there any plans to renovate or replace them? They could make for a cool restaurant. I wish we'd get a more real New England type seafood eatery here. This place could be really cool from the looks of it.

I also wish they'd replace these roads and add medians with more landscaping going under the rail-road tracks. These streets don't need to be 4 lanes as there is hardly anyone on them.


One of them used to be a little bbq shack, but moved.

I think those little shops are being used privately (probably mechanic/storage).


You would be surprised how many of these streets in DD are used for commuters. Come to DD either at 8am or 5pm on a weekday and walk around these areas.

what are those buildings across the street and are there any plans to renovate or replace them?

Those buildings are in really bad shape. I walk by earlier this week and they are pretty bad.

An LLC bought those little run-down buildings last year for $400K.

Goes by the name of "E2 Two LLC".

An LLC bought those little run-down buildings last year for $400K.

Goes by the name of "E2 Two LLC".

That's Rand Elliott.

He owns that entire triangle now; their offices are at the east end.


You can bet he's got a project in the works to remake that entire property.

Hopefully it will be a spinoff of Classen Curve designed for walkability instead of parkability.

Does anyone know when the first residents officially move in?

Does anyone know when the first residents officially move in?

We had our first move ins on the 21st. We're open! :)

We had our first move ins on the 21st. We're open! :)

How full are you?

Not really a good sign when this thread has better pictures and information than their official website, which is still listed as "under construction".

Not really a good sign when this thread has better pictures and information than their official website, which is still listed as "under construction".

I think that's been a going theme with any of the Maywood developments. Information seems to be scattered across several different sites with useful information difficult to find...

Hubby and I were out walking around last Sunday (we live at Block 42) and stopped by the Maywood Apartments to see if they had a model we could see.

The guy was very accommodating and showed us several units, a couple in each of the two buildings, as well as the work out room, the clubhouse room and the parking garages.

The top floor unit on the northwest corner is still available (2411) and has the most awesome downtown view from the living room and a great north view from the bedroom.

We were very impressed with the layout in all the apartments. The kitchens are great, the bathrooms are large, good size closets and full size washers/dryers in all units.

He told us they were about 35% filled, which surprised us. We expected them to be fuller already. I don't think it will take long. I've been telling all the people I know who might be candidates to move downtown.

One of them used to be a little bbq shack, but moved.

I think those little shops are being used privately (probably mechanic/storage).


You would be surprised how many of these streets in DD are used for commuters. Come to DD either at 8am or 5pm on a weekday and walk around these areas.



Yeah, I work right next to the Maywood building, and traffic is pretty bad at rush hour with 4 lanes. The entrance to 235 is a block away, so there is ALOT of traffic that comes through these couple of blocks, and traffic is always backed up through that railroad underpass. I would love landscaping too, but having only 2 lanes would be a nightmare.

Hubby and I were out walking around last Sunday (we live at Block 42) and stopped by the Maywood Apartments to see if they had a model we could see.

The guy was very accommodating and showed us several units, a couple in each of the two buildings, as well as the work out room, the clubhouse room and the parking garages.

The top floor unit on the northwest corner is still available (2411) and has the most awesome downtown view from the living room and a great north view from the bedroom.

We were very impressed with the layout in all the apartments. The kitchens are great, the bathrooms are large, good size closets and full size washers/dryers in all units.

He told us they were about 35% filled, which surprised us. We expected them to be fuller already. I don't think it will take long. I've been telling all the people I know who might be candidates to move downtown.

Well if they're website still says under construction how exactly are the majority of people going to find out about this place being available?

Derp.

Yeah, I work right next to the Maywood building, and traffic is pretty bad at rush hour with 4 lanes. The entrance to 235 is a block away, so there is ALOT of traffic that comes through these couple of blocks, and traffic is always backed up through that railroad underpass. I would love landscaping too, but having only 2 lanes would be a nightmare.Thanks. I did not realize how much traffic came through there.

I helped move a friend into a unit here 2-weeks ago. I gotta tell you, I was pretty unimpressed.

First off, the move-in was very inconvenient. Had to park the UHaul on the street and walk everything through the parking garage (not a short walk) to the one and only elevator for that end of the building. Then, some cleaning lady held the elevator up for 14 minutes so we ended up carrying boxes up the stairs. No moving cart was offered so we had to borrow one from a friend. The elevator had a low ceiling so taller objects had to go in via the stairs also. We also had to wait as any other tenants came and went via the only elevator.

The unit itself was pretty underwhelming too. $1,300 gets you 800 square feet of what felt like a poorly laid out floor plan. So much wasted space in the utility room and bathroom areas. I'd much rather seen that space saved for living area. The appliances and countertops we pretty cheap too. I get that its a rental, but for $1,300 I guess I just expected more.

I went into another friends unit (different layout) and it was a bit better, but mostly because she had really nice furnishings.

My friend was told the same occupancy percentage as stated previously in this thread (about only 45 units currently leased).

Both of the people I know are short timers for the Maywood and they claimed that's the only reason they moved in.

I guess I'm getting old and cranky, but $1,300 a month should get a person far more in Oklahoma City. My house payment isn't even $1,300 and I feel I get a ton for my money.

^

The good news is that if the place doesn't fill up, rents will adjust down and be a good alternative to the more expensive places around downtown.

I guess I'm getting old and cranky, but $1,300 a month should get a person far more in Oklahoma City. My house payment isn't even $1,300 and I feel I get a ton for my money.

You're going to get "more" for your money pretty much everywhere else in OKC. Will be interesting to see what happens to prices if Maywood doesn't fill, but pretty much every condo downtown is $220/square foot or even more. That's just what prices are down here, and so far, there are enough people paying that they've stuck.

I pay $1340 at level, have 2br and 2 bath, and love it. All useful space, but the cabinetry is cheap. That's about my only complaint. I feel like I get good value for my money.

sounds like one of the units I saw in Level. Lots of wasted space in areas that could have been utilized elsewhere. like the kitchen was almost too big for his one bedroom and the closet walkthrough area was unusually large.

sounds like one of the units I saw in Level. Lots of wasted space in areas that could have been utilized elsewhere. like the kitchen was almost too big for his one bedroom and the closet walkthrough area was unusually large.

Huh, that's the opposite of my impression here. What have you seem that you prefer?

You're going to get "more" for your money pretty much everywhere else in OKC. Will be interesting to see what happens to prices if Maywood doesn't fill, but pretty much every condo downtown is $220/square foot or even more. That's just what prices are down here, and so far, there are enough people paying that they've stuck.


Yup. People don't understand that when you move downtown, you are not living 20-30 minutes away from everything like when you live in Norman or Yukon or Edmond.

Downtown right now is about location. It isn't about getting the most bang for your buck. There are tons of people down here spending 1.5-2k+ per month in RENT. That is healthy mortgage payments pretty much anywhere else in OKC.

I have done some pretty extensive housing market research in the Deep Deuce area, and you are correct, market value average is over $220 sq ft, with some nicer units approaching $240.

Yup. People don't understand that when you move downtown, you are not living 20-30 minutes away from everything like when you live in Norman or Yukon or Edmond.

Downtown right now is about location. It isn't about getting the most bang for your buck. There are tons of people down here spending 1.5-2k+ per month in RENT. That is healthy mortgage payments pretty much anywhere else in OKC.

I have done some pretty extensive housing market research in the Deep Deuce area, and you are correct, market value average is over $220 sq ft, with some nicer units approaching $240.


I didn't read anything above that indicates people 'don't understand' anything about downtown prices. My opinion is simply that for the money, I found Maywood to be less than compelling.

I do chuckle though when people tout - yeah, but for my money I'm not 20-30 minutes away from downtown! As if 20-30 minutes is a huge chore.

I've seen housing in downtown I like, it's just that Maywood doesn't make that list - nothing more complicated than that.

I didn't read anything above that indicates people 'don't understand' anything about downtown prices. My opinion is simply that for the money, I found Maywood to be less than compelling.

I do chuckle though when people tout - yeah, but for my money I'm not 20-30 minutes away from downtown! As if 20-30 minutes is a huge chore.
I've seen housing in downtown I like, it's just that Maywood doesn't make that list - nothing more complicated than that.

A one hour daily commute is 10 full (24 hour) days a year spent in your car. Enough people have decided spending that time doing something else is worth the location premium.

I didn't read anything above that indicates people 'don't understand' anything about downtown prices. My opinion is simply that for the money, I found Maywood to be less than compelling.

I do chuckle though when people tout - yeah, but for my money I'm not 20-30 minutes away from downtown! As if 20-30 minutes is a huge chore.

I've seen housing in downtown I like, it's just that Maywood doesn't make that list - nothing more complicated than that.


When I said "people" I was more pointing towards general OKC populace. Not anyone specifically in this thread. 20-30 minutes doesn't sound like a chore, but when you put it all down on paper, it is extremely inefficient. You have to consider how much your time is worth, and obviously since we don't have public transit - you must also take into account vehicle maintenance costs and fuel. However, like I said, this isn't about tossing everyone into the same situation, but I can count on one hand how many cars traveling into downtown every morning have more than one occupant. Inefficiency is what OKC was built on, we are only just now scraping the surface of getting away from that.

Huh, that's the opposite of my impression here. What have you seem that you prefer?

For a one bedroom the kitchen was larger than my 2000sq ft house in edgemere, but his living area seemed very cramped. Just would have reconfigured it a little better. not bad by any means just seemed odd.

As if 20-30 minutes is a huge chore.

I've seen housing in downtown I like, it's just that Maywood doesn't make that list - nothing more complicated than that.

See that's exactly the point. OKC residents have basically been brainwashed into thinking that even if you work in the city, you need to live 20-30 min drive away in Edmond/north OKC/wherever, because it's so much cheaper! Well as others have pointed out, finally we have the option to live a bit differently. Yes you get less space, but now you get to live in a vibrant, walkable, fully mixed-use neighborhood. You can work, live, entertain, and even buy groceries, all without starting your car. Right now (until supply meets demand) that's what you're paying for downtown. My fave is seeing the traffic jam on Broadway from my balcony after Thunder games, which are a 5 minute walk away.

I think future developers will have to step up their game. We are currently building suburban apartment buildings modified for urban settings. It is possible to have both location and sustainable buildings built for the long hall, and with good amenities...at a fair (not cheap) prices. We are in the lust phase and will mature to the love phase later when true value and quality is recognized and rewarded.

A one hour daily commute is 10 full (24 hour) days a year spent in your car. Enough people have decided spending that time doing something else is worth the location premium.There are more factors that play in..... it isn't always 30 minutes and I can pretty much drive to anywhere in the city in less than that. 10 days out of 365 isn't even that bad really, if that is the case. I don't even notice it nor do I care. The suburban living style is nice enough for me to want to drive there, so again, it really doesn't matter much to me; I can see though, how a few others would rather spend that time doing other things.

I didn't read anything above that indicates people 'don't understand' anything about downtown prices. My opinion is simply that for the money, I found Maywood to be less than compelling.

I do chuckle though when people tout - yeah, but for my money I'm not 20-30 minutes away from downtown! As if 20-30 minutes is a huge chore.

I've seen housing in downtown I like, it's just that Maywood doesn't make that list - nothing more complicated than that.+1

When I said "people" I was more pointing towards general OKC populace. Not anyone specifically in this thread. 20-30 minutes doesn't sound like a chore, but when you put it all down on paper, it is extremely inefficient. You have to consider how much your time is worth, and obviously since we don't have public transit - you must also take into account vehicle maintenance costs and fuel. However, like I said, this isn't about tossing everyone into the same situation, but I can count on one hand how many cars traveling into downtown every morning have more than one occupant. Inefficiency is what OKC was built on, we are only just now scraping the surface of getting away from that.That hilarious and only your opinion. So if OKC is so inefficient, why is it booming right now? With hardly any mass transit and the majority of people living AND moving here still picking the suburbs? I guess they just don't understand how inefficient it is lol

I think future developers will have to step up their game. We are currently building suburban apartment buildings modified for urban settings. It is possible to have both location and sustainable buildings built for the long hall, and with good amenities...at a fair (not cheap) prices. We are in the lust phase and will mature to the love phase later when true value and quality is recognized and rewarded.Yuup. Dallas has tons of urban apartments that of great quality with suburban housing behind them with world class malls, shopping centers, and a very nice road and highway network to accommodate all of those people. It works really well and is beautiful.

That hilarious and only your opinion. So if OKC is so inefficient, why is it booming right now? With hardly any mass transit and the majority of people living AND moving here still picking the suburbs? I guess they just don't understand how inefficient it is lol

I am not sure what is hilarious of my opinion. This is generally a more urbanist view forum, I don't know how you can say that it is only my opinion. And I think you are misinterpreting my post, I am simply stating that 35 thousand cars bringing 36 thousand people into downtown is pretty much the epitome of inefficient. This wasn't a post about growth.

To be sure, downtown needs both. In 10 years, assuming a rational rate of inflation, it would be good if the prices for these apartments were unchanged if not 10% to 15% cheaper than their current prices. Hopefully, the nicer complexes that are built in the interim will be worth more. Heck, we're about to get a large chunk of higher quality apartments in the next 24 months, and unless the demand is just unreal high, it's going to most negatively impact Maywood, Level and DD Apartments. Rent prices at the Edge were quoted in that thread at 1174-1254…so something less than 10% cheaper. Yet the edge is spending 56% more per unit in construction, which is surely going to result in a finer overall experience for the tenants.

There's no way those prices will be sustainable for this particular complex if what the Edge is charging is representative of what the other nicer units will end up charging. Not to mention that even if demand is high, a skyrocket in supply is going to increase turnover and cause enough instability that prices will be lowered for competition sake. We're not going to see units going for $800/month, but $1300/month for the cheapest complex in downtown really is a joke.

I'll repost this table I made earlier in the thread:




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)

It's actually pretty amazing they can charge as much or more than Level and other DT developments when they spent so much less per unit.

It's a testament to the demand for downtown housing and they can easily adjust downward if they have occupancy issues.

I am not sure what is hilarious of my opinion. This is generally a more urbanist view forum, I don't know how you can say that it is only my opinion. And I think you are misinterpreting my post, I am simply stating that 35 thousand cars bringing 36 thousand people into downtown is pretty much the epitome of inefficient. This wasn't a post about growth.huh..... Well, it sounded like you said spending 20-30 minutes is inefficient and my only point was it isn't so inefficient that people are choosing to live in urban areas. I want to try living in an urban area soon to experience it, but not sure of the best place.

It's actually pretty amazing they can charge as much or more than Level and other DT developments when they spent so much less per unit.

It's a testament to the demand for downtown housing and they can easily adjust downward if they have occupancy issues.

The demand is massive, and I'm sure there are people who have been on Level's waiting list for quite some time and jumped at the opportunity to get into a unit immediately.

I think Maywood would fill right up if they were a bit more reasonable, but once the Edge hits the market this summer and Mosaic shortly after that, and people see Steelyard, Maywood II, Metropolitan and 10th/Shartel under construction (because we'd do well to remember that most people have no idea about those projects) I imagine you'll see some people wait that extra six months for the completion of at least several more of the developments before making a decision, that, or signing a shorter lease and planning to bail after looking at the other options.

My ultimate concern for Maywood I is that they're setting themselves up for a bit of a bad reputation because I think market forces will eventually force their hand to go cheaper and early/existing tenants will not be happy having paid 10% to 20% more than subsequent rates. Were that to happen, the reputation could even spill over into Maywood II if they are branded with the same name.

But nothing else has commenced construction in earnest, so we are least a full year out before there are more units.

Demand continues to surge... I bet Maywood fills up in the next couple of months, even at relatively high rates. They are already halfway there.

The demand is massive, and I'm sure there are people who have been on Level's waiting list for quite some time and jumped at the opportunity to get into a unit immediately.

I think Maywood would fill right up if they were a bit more reasonable, but once the Edge hits the market this summer and Mosaic shortly after that, and people see Steelyard, Maywood II, Metropolitan and 10th/Shartel under construction (because we'd do well to remember that most people have no idea about those projects) I imagine you'll see some people wait that extra six months for the completion of at least several more of the developments before making a decision, that, or signing a shorter lease and planning to bail after looking at the other options.

My ultimate concern for Maywood I is that they're setting themselves up for a bit of a bad reputation because I think market forces will eventually force their hand to go cheaper and early/existing tenants will not be happy having paid 10% to 20% more than subsequent rates. Were that to happen, the reputation could even spill over into Maywood II if they are branded with the same name.Edge, Mosaic, Steelyard, Maywood II, Metropolitan, 10th/Shartel, Civic Center Flats, and now the new super high dense units near the Devon tower(I can't remember the exact name in location, it's the ones with the massive parking lot behind it), once these get built, I really think downtown will have leaped so far in terms of activity and new retail it will be unreal. I probably don't even grasp the scale of it all. I walked through downtown the other day and was so excited to think about it.

For a one bedroom the kitchen was larger than my 2000sq ft house in edgemere, but his living area seemed very cramped. Just would have reconfigured it a little better. not bad by any means just seemed odd.

I probably have the 2br version of his place. My kitchen is huge, living area small. It works for me, because I like to cook and have people over. I can see how it might not work for everyone though.

But nothing else has commenced construction in earnest, so we are least a full year out before there are more units.

Demand continues to surge... I bet Maywood fills up in the next couple of months, even at relatively high rates. They are already halfway there.

I still concur with some here who find it overpriced. It's closer to the tracks, no street level interaction and no real pool. I wouldn't pay more to live there than I pay at level now, by any means.

Maywood II construction seems to have halted. To the extent that if the metropolitan starts soon like they said on a recent steve chat maybe it gets done before maywood II? Is the maywood II situation reflective of the leasing situation at maywood I?

Maywood II construction seems to have halted. To the extent that if the metropolitan starts soon like they said on a recent steve chat maybe it gets done before maywood II? Is the maywood II situation reflective of the leasing situation at maywood I?

They push around dirt once or twice a week. Is it permits or the lack of interest in Maywood I? Not sure, but I sill maintain that Maywood I is overpriced by 15-20%.

Maywood II construction seems to have halted. To the extent that if the metropolitan starts soon like they said on a recent steve chat maybe it gets done before maywood II? Is the maywood II situation reflective of the leasing situation at maywood I?

I'll be surprised if we actually see consistent work at either site in the near future.

I'll be surprised if we actually see consistent work at either site in the near future.

I'll be surprised if we don't.

I'll be surprised if we don't.

Ha, well I certainly hope you're right.

Ha, well I certainly hope you're right.

I do too. I'd hate to think they tore down that beautiful pole building and the townhouse owners got all NIMBY for no reason.