9th & Hudson

[hoya]

The more people we get who are living downtown, the less important additional parking will be. These 20 townhomes will each have a 2 car garage, so that's potentially 40 vehicles that won't be filling up space in a public garage. Presumably these will be people who work downtown, so they'll be able to take the streetcar to get to and from work, or dinner, or wherever they go. Duplicate this kind of development 50 times over (which we have ample room to do, in Midtown and AA) and that's two thousand cars that get left at home.

The more stuff we get downtown, the more people will want to live there. The more residents we get, the more stuff we will get.

[HOT ROD]

if I were in OKC, I'd love to live in a townhome in downtown. I suspect I may not be alone, there might be a significant demand for it and that type of living.

[Pete]

if I were in OKC, I'd love to live in a townhome in downtown. I suspect I may not be alone, there might be a significant demand for it and that type of living.

It's the configuration of The Hill and they are now selling units as fast as they can build them.

I love this location because it's an easy walk to all of Midtown and downtown as well; plus the streetcar runs very near.

In the longer term, I believe Midtown will be the most desirable of all the urban neighborhoods.

[sooner88]

It's the configuration of The Hill and they are now selling units as fast as they can build them.

I love this location because it's an easy walk to all of Midtown and downtown as well; plus the streetcar runs very near.

In the longer term, I believe Midtown will be the most desirable of all the urban neighborhoods.

Once developers see the demand for for-sale housing in this area from projects such as this and Lisbon Lofts, do you see there being a shift in focus to this segment vs. rent, or rent remaining a high percentage of the mix? It would be great to have more options to buy, as renting long-term doesn't make sense financially (at least for me).

[Pete]

Besides The Hill -- which started many years ago -- all the for sale housing has been small, infill projects. Civic Center Lofts is the one exception and they are in pre-sale right now and we'll have to wait and see how that goes, otherwise it might not get built at all; at least as condos.

But as rents in the core continue to rise, for-sale units in the $200-$250 / SF range start to make more sense, and that's really the level developers need in order to make much money.

This project will be around $230 / SF.

[Bullbear]

It's the configuration of The Hill and they are now selling units as fast as they can build them.

I love this location because it's an easy walk to all of Midtown and downtown as well; plus the streetcar runs very near.

In the longer term, I believe Midtown will be the most desirable of all the urban neighborhoods.

I agreee for me this location has far more appeal than the Hill. closer to a larger area of places I would frequent.

[CCOKC]

I have walked by this lot and the one directly north of it many times in the last 3 years and thought it would be perfect for townhomes. I just wished I had the money and know how to develop something like this. I think these lots originally had single family homes on them back in the day. You can still see remnants of old driveways there.

[Pete]

It seems very likely there will be a full grocery store on/near the Bleu Garten site in a few years and that alone will make Midtown incredibly desirable.

Imagine some version of Updtown Grocery on that spot... You'd really have it all if you lived within a few blocks and of course, could easily walk/ride your bike/take the street car to anywhere else downtown.

And with SoSa and lots more small infill to come, you know there will be a higher percentage of owner occupied living units than anywhere else downtown.

I've always thought Midtown had the most potential and you can now pretty much see how the area is going to develop from here on in.

Unfortunately, owning in this area is going to be expensive -- just like all the other new construction. You've got to count on around $225/SF so even for 1,000 SF you are pushing $250K plus HOA dues.

These units will be around 1,700 SF so closer to $400K each. But that will also include a 2-car garage and perhaps a rooftop deck, which would be very valuable private space not included in the $/SF cost.

[Spartan]

Pics please!!

Here's one example in the Short North (most extreme example I know of):


Here's another example on the south side of OSU:


This is another example on the north side of OSU (although this one is an administrative office, and also not a sliver)


Others just aren't built yet.

I do think it's worth noting that while all of these are located in the High Street Corridor, none of these are directly on High Street and therefor aren't part of the High Street Urban Design Overlay. So this is just becoming a city-wide standard. For those not familiar with Columbus, it's basically a single urban corridor that continues for 10+ miles, surrounded by sunbelt sprawl.

[soonerguru]

Here's one example in the Short North (most extreme example I know of):


Here's another example on the south side of OSU:


This is another example on the north side of OSU (although this one is an administrative office, and also not a sliver)


Others just aren't built yet.

I do think it's worth noting that while all of these are located in the High Street Corridor, none of these are directly on High Street and therefor aren't part of the High Street Urban Design Overlay. So this is just becoming a city-wide standard. For those not familiar with Columbus, it's basically a single urban corridor that continues for 10+ miles, surrounded by sunbelt sprawl.

This sounds kind of like Madison, WI.

[DoctorTaco]

The entire south half of this block (between this development and 8th street) is taken up by some sort of shelter/halfway house/residential treatment center/correctional facility I've never been able to fully discern the details of. I'm sure they are doing good work. That being said, their various properties are old, and scattered about, and not in the best of condition. As the property value of their land increases, does anyone doubt they might be considering selling and using the windfall to build better digs in a different part of town?

Furthermore does anyone have any details about the entity I'm talking about? I ride my bike by there almost daily, and there is no sign out front or any other identifying information. Just a lot of down-on-their-luck men milling about.

[Pete]

^

That entire block -- apart from this newly acquired property and the house immediate west -- is owned by Corsair Cattle Co. They were the sellers for this property as well.

They are primarily speculators and I suspect it's only a matter of time before someone makes them a good offer on the remainder of this block.

I won't reveal what this 1 acres sold for until the sale closes, but it was a bunch of money.

[DoctorTaco]

^

That entire block -- apart from this newly acquired property and the house immediate west -- is owned by Corsair Cattle Co. They were the sellers for this property as well.

They are primarily speculators and I suspect it's only a matter of time before someone makes them a good offer on the remainder of this block.

I won't reveal what this 1 acres sold for until the sale closes, but it was a bunch of money.

Pete, do you know what the entity is that runs the shelter/halfway house thing I am talking about? Just curious.

[Pete]

Pete, do you know what the entity is that runs the shelter/halfway house thing I am talking about? Just curious.

It's a nonprofit substance abuse treatment center:

Catalyst Behavioral Services

[DoctorTaco]

It's a nonprofit substance abuse treatment center:

Catalyst Behavioral Services

I see. From what I can tell it is their "Communit Corrections Facility":

Catalyst Community Services are work release programs funded by the Oklahoma Department of Corrections. With locations in Oklahoma City and Enid, we work with non violent inmates who've had good conduct and are nearing the end of their prison sentence. Our primary function for the DOC is to help inmates gain employment prior to their release and begin the process of orienting themselves back into society, with safety for all Oklahoma citizens first and foremost.

We operate a male and female program with state of the art surveillance, thumb scan system for inmates checking from in from work and checking out for work, and numerous inmate counts 24 hours a day. We have many companies who are inmate friendly and are willing to give these men and women an opportunity and work with our program to insure inmates stick to their schedule, turn in their paychecks for deposit at DOC, and they inform us about any irregularities.

Each inmate is assigned a Case Manager who works with the individual to prepare them for their upcoming release. The Case Manager is responsible in helping the inmate acquire any necessary documents and identification needed for this huge transition. The successful re-entry and continued good behavior as a citizen is the goal, helping the state by reducing the rate of recidivism and saving taxpayer dollars in the process.

This explains the all-male nature of the place as well as its overall penal institution appearance.

[Spartan]

^

That entire block -- apart from this newly acquired property and the house immediate west -- is owned by Corsair Cattle Co. They were the sellers for this property as well.

They are primarily speculators and I suspect it's only a matter of time before someone makes them a good offer on the remainder of this block.

I won't reveal what this 1 acres sold for until the sale closes, but it was a bunch of money.

I would be fascinated to see what all the Corsair brothers are sitting on these days.

[Pete]

I would be fascinated to see what all the Corsair brothers are sitting on these days.

They still have a bunch of property scattered around Midtown but have sold quite a bit (this parcel, Main Street Arcade) and don't seem to be accumulating much more.

They bought pretty much on the cheap several years ago and are now making big profits in these flips.

[AP]

Unfortunately, owning in this area is going to be expensive -- just like all the other new construction. You've got to count on around $225/SF so even for 1,000 SF you are pushing $250K plus HOA dues.

These units will be around 1,700 SF so closer to $400K each. But that will also include a 2-car garage and perhaps a rooftop deck, which would be very valuable private space not included in the $/SF cost.

While I love living downtown, It looks like I'll never be able to afford for sale. I'll be a renter forever apparently.

[dankrutka]

While I love living downtown, It looks like I'll never be able to afford for sale. I'll be a renter forever apparently.

That's alright. Enjoy the flexibility of renting.

[Pete]

That's alright. Enjoy the flexibility of renting.

Yep. Lots to be said for that.

I rented for a very long time and have owned for about 14 years and am strongly considering purging a lot of my crap and going back to being a much more minimalistic renter.

[Chadanth]

While I love living downtown, It looks like I'll never be able to afford for sale. I'll be a renter forever apparently.

It's flexible. Wait for the right opportunity to buy, it'll come along. I could buy but prefer to rent due to the lack of responsibility.

[dankrutka]

It's flexible. Wait for the right opportunity to buy, it'll come along. I could buy but prefer to rent due to the lack of responsibility.

I absolutely have loved the flexibility and lack of responsibility for big problems that comes with renting. I owned a house in Edmond for a year, had expensive problems, and I'm glad to not own again for a while... If ever. I live in relatively small, urban places and move if need be. It's not for everyone, but I'm definitely a happy renter.

[bchris02]

Any updates on this?

[Pete]

Soon.

[Plutonic Panda]

What's going on with this?