And the hits keep on coming: 119 Downtown

[sgrizzle]

ANOTHER new downtown development, this time to one of my favorite buildings:
http://119downtown.com/



NW Corner of 6th and Cincinatti, across from the possible new Martini Lounge.

[Renaissance]

Oooh that's one of my favorites also.  That granite exterior is posh.

So it's the Philtower Lofts people, hm?  Strong work.

[SXSW]

Cool project.  River City has done a great job with the Philtower lofts and are capable of pulling this off.  They should put a small pool in that courtyard space.

[OurTulsa]

Excellent!  
And they are actually under renovation not just talking about it, or so it seems in this clip: http://www.kjrh.com/dpp/news/local_news/downtown-building-to-get-makeover%2C-and-soon-you-can-own-a-piece-of-it.

How many units does that make under construction?  There are quite some planned but a good few actually in the make.

119Downtown with 72 'for sale' units
Mayo Building: 67 for rent units
Mayo Hotel: 70 for rent units
Brickhuggers 16 unit conversion at Detroit/Archer
Micah Alexanders got a few going over at 3rd/Kenosha
1st St. lofts - the monumental conversion (how many brick washed units?)

Is Wilkins/Sharp 67 units going at 6th/Boston?

There's planned residential over on 2nd/Greenwood, Kevin Stephens over in the Brady, the residential planned on the block across from the BOK, a project talked about by Greenwood Development Authority, Tribune addition.

This in addition to the existing housing stock.

[TheArtist]

Oooh yay!   Glad someone is saving the ARCO building.  Actually working on a painting with a combination of its art deco panels in it right now lol.

And yes, this brings the number of new residences to around 300, with plenty more proposals stirring around out there to boot. Like I have pointed out before, if all the stuff that is going in downtown right now were new development of the suburban type in some south Tulsa field somewhere, people would say that part of town was hopping.  What we are seeing is the equivalent of a couple new neighborhoods with over 300 new homes, the equivalent of new "strip malls" with....numerous new shops, art galleries, gyms, and restaurants, a new ballpark, new businesses and office buildings, new arena, college expansion, church expansion, new parks and a memorial, several museum proposals and expansions, fancy street-scaping, couple new hotels, etc.  

All those naysayers are wrong when they try and say there is not much development going on downtown and all the revitalization efforts are useless and downtown will continue to stagnate.  It may not "look" like it to the casual observer, other than the ballpark and arena, but these adaptive reuses of buildings that are already there, are developments just as real as their new, suburban style, counterparts are.

I have been saying that 2014 will be downtowns year.  The time when a lot of projects are done and enough infill has happened such that our dead and dying downtown will have been transformed into something vibrant and alive.  I may have been a little too pessimistic.  We may get there sooner.

[sgrizzle]

I'm happy to see the rehab projects really rolling. Wondering when denser, new construction projects will start showing up.

[rdj]

This is certainly great news.  Hawkins is known to be a penny pincher, so I hope they do these right and they are marketable.

Looks like we will finally get to see how the market bears for sale units.

[SXSW]

This is certainly great news.  Hawkins is known to be a penny pincher, so I hope they do these right and they are marketable.

Looks like we will finally get to see how the market bears for sale units.

If they're anything like the Philtower it will be a nice project.  I went in one of the Philtower units a few years ago right after they finished and was very impressed. 

I remember when Renaissance Uptown apartments were built at 12th & Denver that there were talks to do a phase II on the other (east) side of Denver but obviously that never happened.  The small projects that we have completed and proposed downtown are great but there also needs to be a few larger projects.  They could be more urban than Renaissance but something similar, especially in that part of downtown, would be a good addition.  If you go to Dallas and Austin many of their young professionals, the ones just out of college, live in these urban apartment complexes with pools, parking garage, etc. in and around the downtown area.  Tulsa needs both types of residential development.

[sgrizzle]

This is certainly great news.  Hawkins is known to be a penny pincher, so I hope they do these right and they are marketable.

Looks like we will finally get to see how the market bears for sale units.

Aren't the philtower units (by the same company) for sale?

[SXSW]

Aren't the philtower units (by the same company) for sale?

I believe they are rentals. 

[Kenosha]

this thread makes me laugh.  You guys get sucked in every single time.  (I love that about you, by the way.)

how many of these do they have to "pre-sell" before the project starts?

Has anyone around here tried to finance a condo lately?

Holy crap.  Did you see the friggin' homeowners dues (that don't include your property tax)? .41 a foot per month.  That is 410 bones a month on 1000 square foot apartment.

I know. I know.  Debbie Downer.

That building is awesome though...fabulous lobby.

[OurTulsa]

this thread makes me laugh.  You guys get sucked in every single time.  (I love that about you, by the way.)

how many of these do they have to "pre-sell" before the project starts?

Has anyone around here tried to finance a condo lately?

Holy crap.  Did you see the friggin' homeowners dues (that don't include your property tax)? .41 a foot per month.  That is 410 bones a month on 1000 square foot apartment.

I know. I know.  Debbie Downer.

That building is awesome though...fabulous lobby.

I read that: construction to commence after a certain amount of pre-sale however the video shows interior construction.  Assuming that was shot in the building they're investing something into the rehabilitation already?

You know me (Mr. Optimism  ).  I'm a total sucker for someone else's good news about reinvestment in the core...except when it's someone attempting to redevelop the whole East End.

On the homeowner dues.  I missed that part but isn't that on par with Central Park?

[sgrizzle]

this thread makes me laugh.  You guys get sucked in every single time.  (I love that about you, by the way.)

how many of these do they have to "pre-sell" before the project starts?

Has anyone around here tried to finance a condo lately?

Holy crap.  Did you see the friggin' homeowners dues (that don't include your property tax)? .41 a foot per month.  That is 410 bones a month on 1000 square foot apartment.

I know. I know.  Debbie Downer.

That building is awesome though...fabulous lobby.

That likely includes parking and "gym membership"

[SXSW]

That likely includes parking and "gym membership"

If they added a pool in that courtyard, plus parking and the gym, that would be worth it, IMO.

[OpenYourEyesTulsa]

On the homeowner dues.  I missed that part but isn't that on par with Central Park?

My friend recently looked into buying a condo at Central Park and it was around $400 a month including all bills (internet, tv, water, electric, trash, parking, gym, etc.).