Grant Humphreys said he wants to complete an initial wave of multifamily housing, offices and a hotel by the time the new alignment of Interstate 40 opens in late 2012. The master plan for “The Waterfront” also includes retail and a park anchored by a Ferris wheel Grant Humphreys bought over eBay from the Santa Monica Pier.
At a presentation this week, Humphreys said current conditions along the Oklahoma River, despite progress with MAPS and Boathouse Row, discourage developers from taking a chance along the waterfront.
“If you are looking to do something along the riverfront today, it's parceled out in smaller pieces,” Humphreys said. “People are reluctant to put their money down without knowing what's going to happen next door.”
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