^^Other than OKCTalk,I keep up on all things OKC from Doug,Nick and Steve all three of these fine gentlemen's web site's/blogs are adding a great deal of insight to this forum and OKC in general,but thats just my opinion!If thats your definition of Spam then thats the best spam I've ever read!Like I said it's just my opinion and your entitled to yours!
double post to that which follows ...
To make up for it, I'll add a personal note ... when my mom was pregnant with me (dob 7/2/1943), her doctor officed in the Osler Building before I was born at St. Ann's on the date just stated. Hence ... I have a personal reason for being fond of this building.
Originally Posted by dmoor82
^^Lol! Your welcome!
City awards loan for Midtown apartment renovation
By Brianna Bailey
Journal Record
OKLAHOMA CITY – The city has awarded a California developer a $120,000 economic development loan to renovate a vacant, dilapidated brick apartment building in Midtown.
When the roughly $540,000 renovation project is completed, the Beasley Apartments, 901 NW 13th St., will add 14 units of affordable housing to the Midtown area.
Built in 1926, the 10,628-square-foot, two-story brick building has been vacant for several years.
There is a high demand for affordable housing in the downtown area, said Oklahoma City Planning Director Russell Claus.
“There is a larger demand than supply for what we call ‘work force housing,’” Claus said. “This will be a nice addition to the area and Midtown is a happy medium where it’s downtown, but not the core of downtown.”
City funding for the renovation project will come from the Murrah Area Economic Development Loan Program, which has helped to revitalize the Midtown area over the past 15 years. First National Bank will underwrite the Beasley renovation project.
In a time when developers are finding it harder to find financing for large-scale housing developments downtown, the city can help out with the smaller projects, Claus said.
“It’s really important to do these smaller projects,” he said “These projects just make a lot of sense and a lot of them have worked.”
Several other apartment rehabs in the Midtown area have benefited from the Murrah loan program, including the old Sieber Hotel, 1305 N. Hudson Ave.
The Beasley building is owned by the Oklahoma corporate entity New Beasley LLC. County records list an address in Los Angeles for the owners. Phone calls to E&E Capital, listed at the same address as New Beasley LLC in several online directories, were not immediately returned on Friday.
New Beasley LLC bought the building for $140,000 from First National Bank in March, according to county records.
This is exactly the type of city action needed that I've been ranting and raving about for the past year.
I drove down 10th today during lunch and noticed an older, dilapidated building near Robinson with a Midtown Renaissance sign on it. It has a gigantic hole in its brick fascade, but it looks like it could be quite nice. I thought I saw some workers there prearing to do something on it.
Anyone know what this building is? It has an old sign over its door that is partially destroyed and it says something about "Tours."
It's not City action, Spartan the program has been there, no one has been taking advantage of it. You kept criticizing the city for not offering such and how they should offer such, the program has been there for years. Nonetheless, I'm glad to see this project come to life.
Also ModeHomes is fixing to announce their project on NW 9th and Shartel. Additionally, in SoSA on NW 7th three houses down from Francis, two older dilapidated homes were torn down and new modern housing is underway, which will be the 4th and 5th for the block now. The house next door was also recently updated and professionally painted. SoSA and MidTown continue to improve.
Correct, it is Ghost Advertising, I announced this in the Automobile Alley thread months ago.
I always feel conflicted about 4th and 5th street as we are technically in "Downtown Design Fringe" designation and not "Midtown" or "Core" proper. But we are definitely "South of Saint Anthony's" lol
This week, Clint and Krystalyn Spencer are going to Downtown Design Review Commission for approval of their two homes. They are proposing squeezing two houses on a 40' by 140' lot! Exactly the kind of exciting density needed. I will be pleased to have them as neighbors if it proceeds as planned. If you don't know them, they built the modern home next to the Red Cross building on Lincoln. David Wanzer's 308 Design Collaborative developed the design.
These houses front 5th Street looking towards our building. They will have a great view of downtown as they are on a slope with at least a 10' grade change.
How would a developer apply for this type of loan?
Not sure, I'm trying to find out with the City. It's done through the Planning Dept. Russell Claus is the director, so far I haven't gotten any real information from the city. I'm trying to see if the multi-unit development downtown where I live can qualify.
The loan that the Beasley Apts. received was a Murrah loan. The project must be within a specific geographic area and must meet other criteria. It must have a "commercial element" to it. Funds that are loaned out are paid back into the program and are loaned out again to others. It is a great program that has made and continues to make re-development possible in areas where traditional financing is hard to come by. The program is administered by the city planning department. They don't have any info about it on their website. You should call the city planning department for details.
I have called the city as my post indicates. The article posted above already indicated it's a Murrah Area Economic Development Loan, we're just trying to get the SPECIFIC details outlined here.
I have called the city too. I can not get any information from the city planning departments in regards to this. The people at the city planning dept that I spoke with, did not know anything about this type of loan. Also as mentioned before there is no info to be found on the City website.
I have tried attaching the murrah loan application to this message but it may be too large to go through. Anyone who wants a copy send me your email through a private message and I would be happy to send it along. I received a murrah loan for the construction of a house on 7th street.
Speaking of private messages, they have been "disabled" for a while now (or is this just on the computers I am using) rest of the site seems to be working normally (others have mentioned the Search feature is spotty)...all seems to have happened at some point after the site upgrade???
Did not realize this was the Murrah program. Interesting, considering Russell Claus came up in the Planning Dept overseeing that program. What OKC really needs right now is something that can be used anywhere downtown, and not just immediately north of the bombing site.
So what will be the commercial element of the Beasley Apts?
It'd be nice if the new developments in Mid-Town would be easier to afford then downtown...I really want to move to that area
Hey All,
I was poking around online and noticed that the empty lot that flanks my apartment in Midtown from the south and west to Classen is up for sale - in it's entirety. I knew the bit off Classen was up for sale, next to the Metaphysics school, and at one time that site was potentially going to be home to an office depot. it now appears the entire 2.6 acre pad is listed at Price Edwards. Here's the flyer:
http://www.priceedwards.com/files/fl...%20Classen.pdf
Just for a little additional perspective, I live in one the newly renovated Midtown R properties on the edge of Midtown on 12th and Francis, or as I like to call it - the Slightly Northwest of St. Anthony's District (SNWoSA). From my apartment - this is how the site looks to the south:
It then connects heading west toward Classen here, and here:
To the immediate east of the site is my apartment, a newly renovated midtown office building, followed by the St. Anthony's Physician's tower, pictured here out my east bay window:
We have all the makings of a great urban neighborhood -just a stone's throw from heritage Hills, the Plaza Court building, St. Anthony's, and all the new mod construction that's going on in SoSA. Does anyone have any thoughts about what is likely to go on this site? I'm curious if it's intended to be sold in one, strangely tetris shaped puzzle piece, or if they'll part with it in chunks? In this economic climate, I'm not sure that the view from my windows are likely to change anytime soon, just curious if anyone had any insights.
My guess is they will parcel each piece off in this economy.
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