Triangle's redevelopment agreement approved: Group to build townhouses on three separate parcels
by Brandice J. Armstrong
The Journal Record
2/16/2006

OKLAHOMA CITY - The Oklahoma City Urban Renewal Authority approved a redevelopment agreement and design development documents by the Triangle Development Partners at Wednesday's meeting.

The Triangle Development Partners acquired three parcels from Urban Renewal Authority for development. Two will be developed in the next several years, while one will be held under a three-year development deal.

"The Triangle group has many more tracts (for) development," said Robert Annis, deputy director of the Urban Renewal Authority. "Ours are situated at key locations (and they) want to acquire them so they don't have an open area."

Prior to approval, JoeVan Bullard, Urban Renewal executive director, referred to the entire project as the Swiss cheese development.

Parcel one, which is on the southwest corner of Fourth Street and Oklahoma Avenue, will have seven brownstone townhouses.

Situated at the northeast corner of Third Street and Oklahoma Avenue is parcel two, which will become a park, Maywood Park, and several brownstones.

The brownstones between Second Street, Fourth Street, Broadway Avenue and Walnut Avenue will be known as Brownstones at Maywood Park. At a cost of $400,000 to $800,000, they will have 2,500 to 3,500 square feet.

"(They're) designed to be legacy buildings," said John Ward of TAParchitecture. "They ought to be here for several hundred years from now. All of the materials selected are low maintenance and will be there for a long, long time."

The goal is to have these two parcels completed within the next two to three years, officials said.

Parcel three, set between the south side of Second Street at Oklahoma Avenue, is also a planned mixed-use development. Parcel three is under a three-year development deal and if the Triangle Development Partners do not develop it within three years, Urban Renewal can take it back.

The Triangle Development is a planned mixed-use project with more than 700 residential units and will encompass about 30 acres between Interstate 235, Bricktown, Broadway Avenue and 10th Street.