OAK (formerly Penn Central)

[Midtowner]

There is no TIF money.

Honestly, I didn't even look and just assumed. Amazing that a developer can do anything in this town without TIF.

[Plutonic Panda]

What projects outside of the core area have received TIF money?

[Pete]

What projects outside of the core area have received TIF money?

Almost none. You have to do a project within an established TIF district which are all in the core.

The one small exception is the NE 23rd corridor.

[HOT ROD]

dont forget about Lincoln and MLK.

[Pete]

dont forget about Lincoln and MLK.

Those aren't TIF districts.

There is a design district along Lincoln.

[Pete]

Demolition permits have been issued for the 12 homes that will need to give way for the first phase of this project.

Just went by and they have marked utilities. Looks like they'll be coming down soon.

[HOT ROD]

great news!

[Bowser214]

Awesome!

[OkieBerto]

The remaining House demo has started.

[Pete]

Just took these (Friday morning).

In the 3rd photo, the construction in the foreground is the church redoing their parking lot which was in terrible shape.

On a personal note, I love the project but hate to see these little houses go. I like nearby and often walk through that area and the homes have a great mid-century charm.

[MagzOK]

We were one of the last holdouts on selling our home for this project. We struggled with wanting to leave or not -- we continuously flip-flopped on wanting to be right up next to a large development or not. Eventually we couldn't pass on the last deal they gave us. We're looking forward to seeing what the end result ends up being for this development.

[Mballard85]

We were one of the last holdouts on selling our home for this project. We struggled with wanting to leave or not -- we continuously flip-flopped on wanting to be right up next to a large development or not. Eventually we couldn't pass on the last deal they gave us. We're looking forward to seeing what the end result ends up being for this development.

Was your property a home that was or will be demolished?

[AlvarezK]

Any updates Pete?

[Pete]

Any updates Pete?

Just yesterday they started utility work.

I believe the first step will be the realignment of NW 50th to tie it into the existing light on Penn.

[David]

That alone will be a pretty nice change.

[Richard at Remax]

They had a pretty neat presentation at the planning commission on Nov 18th when I was there. They are putting a ton of effort into this.

[Pete]

^

Yes, have employed experienced and expensive architects and have spent a ton of time and money leading up to starting the first phase.

They met with the neighbors (I am one) many times and seem committed to doing things the right way.

This project is going to really change that area.

[Bowser214]

I wish there was a way to get a look at that city presentation.

[Pete]

I wish there was a way to get a look at that city presentation.

I watched the video of the meeting and there was nothing we haven't already posted here.

[Pete]

You can see they are starting some utility work:

[Pete]

I was told they hope to have NW 50th realigned by July, and then work will start on the first phase, the multi-family project shown upthread.

[David]

Building permits have been filed for the first phase of this project, which will consist of 320 apartments, 20,000 square feet of retail space on the ground floor, and a large parking structure in the center.

The developers have acquired an additional 12 homes that will be demolished. 9 homes have already been razed.

Quoting the site plan forward (the original post by Pete has the renderings).

Interesting different between the last few years and what happened after the 2008 financial crisis. Multiple different significant projects across the city that haven't even blinked and appear to still be moving forward.

[Pete]

OKC has seemed to fair better than a lot of cities in terms of big projects being delayed but still going forward.

There is a ton going on in this town with lots more to come.

[Pete]

[Pete]

These detailed plans show the sign that will be located at the corner of Penn & NW Expressway.

Also, it now shows they plan to demolish part of the Registry building for the new alignment of NW 50th. You can also see the area south of 50th will be (what I assume is temporary) parking lot.