Montereau Phase II Expansion

[SXSW]

This $94 million project is just now getting started off 71st between Yale and Sheridan.  It includes two new 8 story towers that will attach to the existing 6 story building and expansion of the commons area, healthcare facility, and assisted living center.  This area has some of the best views in town on the hill south of St. Francis Hospital.




http://www.tulsaworld.com/business/article.aspx?subjectid=46&articleid=20100330_46_E1_Arhtcu748455

[tshane250]

I think something like a Montereau or an Inverness would be good downtown.  I mean downtown is a safe walkable environment with a growing list of amenities.  Having more residents would also help support grocery stores and other needed downtown services, like a drug store.   

[fotd]

No doubt it would be nice if a (church) 501 3c would do this type development in and around the downtown area. It would add badly needed residences. But the problem is because the Montreau developers basically get away with being the largest landowners in the city and not paying any taxes (to support things like public schools and the streets in and around 61st and Yale all the way to 71st and Sheridan) they have a competitive advantage over all others. Damn, they could have built such units on those Islands in the River had the population fallen for their "corporate" welfare gimmicks.

[perspicuity85]

It's a good time for Montereau to be investing in capital improvements.  Within the next few years they're expecting soaring demand for their services as the baby boomers continue to age, interest rates are flat, and contractors are starving for business.  I can't think of a more perfect illustration of "buy low, sell high."

[SXSW]

Since Montereau is affiliated with St. Francis and the Warren Foundation, I wonder if St. John and Hillcrest are looking at doing something similar?  It's a cash cow and makes the most sense to be run by and located next to a hospital.  I've always thought the parking lot on Utica at the east end of Swan Lake would be a perfect spot for a residential tower with a view of the lake, neighborhood, and downtown beyond.  A senior living highrise would be a good addition, or at least better than a parking lot.  The Montereau architecture would fit in well there.   

[TheArtist]

Since Montereau is affiliated with St. Francis and the Warren Foundation, I wonder if St. John and Hillcrest are looking at doing something similar?  It's a cash cow and makes the most sense to be run by and located next to a hospital.  I've always thought the parking lot on Utica at the east end of Swan Lake would be a perfect spot for a residential tower with a view of the lake, neighborhood, and downtown beyond.  A senior living highrise would be a good addition, or at least better than a parking lot.  The Montereau architecture would fit in well there.   

Something like that in that area would indeed be nice. 

[SXSW]

This project is progressing nicely.  The West Tower is almost to the 6th floor and should top out at 9 floors in a few weeks.  The views from the top floors are amazing and you can even see downtown from the 2nd floor because of its position on the hill.  In fact the top of the roof is at over 1000 ft. above sea level.  For reference the river is around 630 ft.



With the two towers, the assisted living expansion of Montereau closer to 71st, and the new parking garage/hospital expansion at St. Francis along Yale there are three cranes rising above that area.  It looks pretty impressive driving south on Yale at I-44.

[TheArtist]

I don't think people notice this project much or realize just how big it is since its kind of hidden behind a berm and down the hill a bit off of 71st.  But the whole Monereau facility has probably been one of the largest building projects in the state for this last decade.  Its danged big.  If all those wings had been stacked as two or three towers, we would have had a few more skyscrapers added to the skyline.

[SXSW]

Another pic of the construction, from the 6th floor of the existing building looking north

[SXSW]

A few more pics from this week.  The west tower is topped out and they are now erecting the east tower.

[TheArtist]

Wow, they are moving along quite quickly. Thanks for the updates.

[SXSW]

Both towers now topped out, some more pics:

West Tower


View from the 8th floor penthouse looking north


West and East Towers side by side

[Conan71]

Is this a project you are working on SXSW?

[SXSW]

Is this a project you are working on SXSW?

Yes, I work for Flintco.

[SXSW]

More progress pics...the lime green sheathing is visible from all over the city, especially looking east from the 71st/Hwy 75 interchange.


The patio of the 8th floor penthouse