Downtown Development Overview

[shavethewhales]

Interesting. They don't seem to be pushing it for bar/restaurant use despite the prime location and higher earnings. I had heard a rumor way back that the guy didn't want it to become a bar... The building isn't exactly setup for it, but the conversion wouldn't be impossible I imagine. The building does take up the full footprint of the site, but I'm sure a grease trap could be worked into the alley or they could chop off some of the back of the building or something. I just can't imagine someone wanting an office right there with all the events and nightlife going on constantly. I'm not sure how Ross group does it, lol, but at least they have a back entrance.

[ComeOnBenjals]

The white building next to Albert G's is being gutted and worked on. Haven't heard on what will be going in.

[shavethewhales]

I feel like they've been working on that building to some degree for years now. I'm not sure it's being prepared for anything or what it has been used for all this time, but it appears to be an accessory space for Baird? I thought I remembered that one of the random manufacturing companies around here still owned that building. One of these days they'll wise up and move out to an actual industrial area and make a ton of money on selling all their prime downtown real estate. Still can't believe the corner between Saturn Room and the Tavern hasn't been turned over yet. I know equipment isn't easy to move, but that's possibly the highest value restaurant space in town that isn't currently occupied.

[DowntownDan]

The Hodges Bend/Lowood fire is really sad. I drove by today and the exterior seems to be okay, although I read that the roof collapsed. Looked far less damaging than Burnco. Hope they can salvage the building and rebuild.

[swake]

The Hodges Bend/Lowood fire is really sad. I drove by today and the exterior seems to be okay, although I read that the roof collapsed. Looked far less damaging than Burnco. Hope they can salvage the building and rebuild.

This photo from the Tulsa World makes it look really bad:

[SXSW]

I imagine they will be able to salvage the exterior and rebuild the interior.  Maybe even an opportunity to add more apartments?

[AdamsHall]

I have always liked this building.  So happy this is happening.  Plus, it seems it will open some nice space for others to move into when they consolidate into this one building.

They are now working on the outside of the OTASCO warehouse at 12 N Cheyenne.  Seems to be moving slow, but it is moving.

[SXSW]

I knew about the ongoing work at ARCO and had heard rumors about IBM but didn't realize the Philcade is also going to be converted to apartments.  That is 500 more units in the next 2 years.  With Santa Fe Crossing, Western Supply, Beacon Lofts and 3D Flats that is over 1,000 units likely coming online by the end of 2025. 

https://tulsaworld.com/news/local/business/80m-downtown-residential-development-a-true-labor-of-love/article_d29f9f38-6a10-11ee-b786-07a2f360282c.html#tracking-source=home-top-story

[swake]

I knew about the ongoing work at ARCO and had heard rumors about IBM but didn't realize the Philcade is also going to be converted to apartments.  That is 500 more units in the next 2 years.  With Santa Fe Crossing, Western Supply, Beacon Lofts and 3D Flats that is over 1,000 units likely coming online by the end of 2025.  

https://tulsaworld.com/news/local/business/80m-downtown-residential-development-a-true-labor-of-love/article_d29f9f38-6a10-11ee-b786-07a2f360282c.html#tracking-source=home-top-story

The Ross Group is also converting the Sinclair Building (60 units) and there's the north boulder mixed use project with 88 lofts and 90 hotel rooms.

https://tulsaworld.com/business/realestate/watch-now-century-old-downtown-sinclair-building-to-get-15-million-facelift-after-ross-group/article_3307b134-a8fe-11eb-a2e1-5f0b36d42b33.html

https://tulsaworld.com/business/realestate/51-million-development-in-tulsa-arts-district-would-turn-parking-lot-into-hotel-apartments/article_76065fb0-db9a-11ec-8914-bf81228529b1.html

That's ~600 units under construction and ~800 more planned. Not counting The Annex if it can be revived without a grocery store.

[SXSW]

The Ross Group is also converting the Sinclair Building (60 units) and there's the north boulder mixed use project with 88 lofts and 90 hotel rooms.

https://tulsaworld.com/business/realestate/watch-now-century-old-downtown-sinclair-building-to-get-15-million-facelift-after-ross-group/article_3307b134-a8fe-11eb-a2e1-5f0b36d42b33.html

https://tulsaworld.com/business/realestate/51-million-development-in-tulsa-arts-district-would-turn-parking-lot-into-hotel-apartments/article_76065fb0-db9a-11ec-8914-bf81228529b1.html

That's ~600 units under construction and ~800 more planned. Not counting The Annex if it can be revived without a grocery store.

You're right, Sinclair is under construction and should deliver units in late 2024.  The 311 N Boulder project should start construction in early 2024 and deliver units in late 2025

Hopeful the Annex residential tower can still get built with the grocery and hotel as a later phase.  

Under Construction (Delivering Units)
ARCO Lofts - 80 units (early-2024)
Sinclair Lofts - 66 units (mid-2024)
Santa Fe Crossing - 184 units (mid-2024)
Western Supply - 320 units (late-2025)
Total Under Construction: 650 units

Planned
Philcade - 270 units
IBM Lofts - 150 units
Beacon Lofts - 85 units
3D Flats - 80 units
311 N Boulder - 88 units
The Annex - 300 units
Total Planned: 973 units

[swake]

Tulsa has done really well converting buildings:

Downtown building conversions completed last 10 years:
The Brut - 2023 Apartment building conversion to hotel - 82 rooms
Oil Capitol Building - 2022 Art Deco office building conversion to lofts  - 57 units
400 S Boston Building - 2021 Office building conversion to hotel - 103 rooms
Reunion Building 2020 Art Deco office building conversion to lofts - 80 units
Minks Adams Building 2019 Art Deco office building conversion to lofts - 65 units
111 Lofts 2019 Art Deco office building conversion to lofts - 69 units
Tulsa Club Building 2019 Art Deco office building conversion to hotels - 97 rooms
Jacobs Lofts 2017 Conversion of 1920s hotel to lofts - 23 units
Meridia 2017 Office conversion to lofts - 70 units
YMCA Lofts - 2017 Conversion of YMCA building to lofts - 82 units
Palace Building - 2017 Art Deco office building conversion to lofts - 58 units
Transok Building - 2016 Residential Conversion of artdeco office building on national register of historic places - 37 units
East End Village 2016 Residential Conversion of Bill White Chevy Dealership - 83 units
Harringron's Lofts 2015 Office conversion to lofts - 24 units
Downtown Best Western 2015 Office conversion to hotel - 79 rooms
Vandever Lofts 2014 Residential Conversion of 7 story 1920s department store - 45 units

Conversions under construction:
Arco Building - Art Deco building conversion to lofts - 80 units
Sinclair Building - Art Deco building conversion to lofts - 60 units

Planned Conversions:
Philcade - Art Deco building conversion to lofts - 270 units
IBM - Office building conversion to lofts - 150 units
Beacon Building  - Art Deco building conversion to lofts - 85 units

[Tulsafan3355]

It's been a while since I've been back in town, does anyone know how much progress(or if has any been made) on the Western Supply building apartments?

[shavethewhales]

^Been awhile since I have been by, but as of last month they were heavy into the groundwork. It is moving forward for sure.

[SXSW]

Western Supply is fully under construction - not a lot to see yet but they are making progress on the underground plumbing and garage.  I would think we would see a crane up in the next couple months.

Hearing the Beacon Building will be starting their renovation in January so that will be another 85 units under construction.

[ComeOnBenjals]

Looks like Western Supply will be going vertical in the next couple of weeks.

On another note, it looks like the exterior of Hodges Bend/Lowoods is going to be salvageable. There are crews working on cleaning up the interior.