Pete
09-15-2014, 05:51 PM
Background
In August of 2013, an LLC headed by Ron Bradshaw purchased the old Page Woodson School in near northeast OKC and announced plans to redevelop the historic structure into housing.
http://www.okctalk.com/images/pete/pagewoodson1.jpg
The school is situated in the middle of several blocks owned by the Oklahoma City Urban Renewal Authority (OCURA) and after receiving a proposal from Bradshaw's group to develop the surrounding properties as well, OCURA decided to issue a formal RFP to determine if there may be other developers who may be interested.
In OCURA's meeting this Wednesday, they will review the proposals that were received. The first is from the Miller Valentine Group (http://www.mvg.com/) from Cincinnati. The second if from the same Bradshaw LLC that now owns Page Woodson.
Miller Valentine Proposal
The first option will consist of a single phase development located on the southern portion of the redevelopment area. This options assumes that the competing developer will develop the Page Woodson School in conjunction with the northern lots. Our development, located on the southern portion of the property, will be a 196-unit mixed income property situated in eight residential buildings. Also included in the development plan is a clubhouse with a state-of-the-art fitness center, community room, computer learning center, and outdoor barbeque area. We also anticipate including a pool and outdoor kitchen area.
http://www.okctalk.com/images/pete/mv2.jpg
The second option consists of two phases developed solely by Miller Valentine. The second phase would be located on the northern portion of the property, adjacent to Page Woodson. The unit mix and financials are still under review. However, the architectural style will complement the historic design of Page Woodson as well as the first phase. The intent is to create a high quality, walkable development that will be a benefit to the neighborhood and encourage additional development in the area.
http://www.okctalk.com/images/pete/mv3.jpg
http://www.okctalk.com/images/pete/mv4.jpg
Bradshaw Proposal
We have created a master plan that is divided into 5 blocks that would be developed over the course of four years during which 526 residential units and 15,00 sq. ft. of retail would be delivered at a projected cost of $55 million. Product types include affordable market rate multifamily, low income housing tax credit multifamily, retail and possibly for sale town homes and/or flats. The proposed phasing of this master plan is as follows:
http://www.okctalk.com/images/pete/bradshaw2.jpg
http://www.okctalk.com/images/pete/bradshaw3.jpg
http://www.okctalk.com/images/pete/bradshaw4.jpg
In August of 2013, an LLC headed by Ron Bradshaw purchased the old Page Woodson School in near northeast OKC and announced plans to redevelop the historic structure into housing.
http://www.okctalk.com/images/pete/pagewoodson1.jpg
The school is situated in the middle of several blocks owned by the Oklahoma City Urban Renewal Authority (OCURA) and after receiving a proposal from Bradshaw's group to develop the surrounding properties as well, OCURA decided to issue a formal RFP to determine if there may be other developers who may be interested.
In OCURA's meeting this Wednesday, they will review the proposals that were received. The first is from the Miller Valentine Group (http://www.mvg.com/) from Cincinnati. The second if from the same Bradshaw LLC that now owns Page Woodson.
Miller Valentine Proposal
The first option will consist of a single phase development located on the southern portion of the redevelopment area. This options assumes that the competing developer will develop the Page Woodson School in conjunction with the northern lots. Our development, located on the southern portion of the property, will be a 196-unit mixed income property situated in eight residential buildings. Also included in the development plan is a clubhouse with a state-of-the-art fitness center, community room, computer learning center, and outdoor barbeque area. We also anticipate including a pool and outdoor kitchen area.
http://www.okctalk.com/images/pete/mv2.jpg
The second option consists of two phases developed solely by Miller Valentine. The second phase would be located on the northern portion of the property, adjacent to Page Woodson. The unit mix and financials are still under review. However, the architectural style will complement the historic design of Page Woodson as well as the first phase. The intent is to create a high quality, walkable development that will be a benefit to the neighborhood and encourage additional development in the area.
http://www.okctalk.com/images/pete/mv3.jpg
http://www.okctalk.com/images/pete/mv4.jpg
Bradshaw Proposal
We have created a master plan that is divided into 5 blocks that would be developed over the course of four years during which 526 residential units and 15,00 sq. ft. of retail would be delivered at a projected cost of $55 million. Product types include affordable market rate multifamily, low income housing tax credit multifamily, retail and possibly for sale town homes and/or flats. The proposed phasing of this master plan is as follows:
http://www.okctalk.com/images/pete/bradshaw2.jpg
http://www.okctalk.com/images/pete/bradshaw3.jpg
http://www.okctalk.com/images/pete/bradshaw4.jpg