The proposed Morton’s Reserve is an approximately 162,000 sq. ft. mixed-use development consisting of 28,000 sq. ft. of office / commercial and 21,000 sq. ft. of retail in a three (3) story
configuration, along with a 96 market-rate apartments. The site plan and renderings reflect an approximately 200,000 sq. ft. (gross) multi-level development on the 162,000 sq. ft. tract; the conceptual design retail/commercial fronting Pine Street bisected by a walkable plaza and surface parking to the north, 96 apartment units in a 4-5 level structure (with one level of underground parking) that would be built just north of the surface parking.
Option 1 includes 12,000 sq. ft. – 15,000 sq. ft. of historic renovation for the Old Morton Healthcare Facility. This space would be available for office / commercial use, and, for example, could potentially include both government offices and museum space.
At A Glance
TOTAL DEVELOPMENT 162,000 sq. ft
OFFICE/COMMERCIAL 28,000 sq. ft.
RETAIL 21,000 sq. ft.
HISTORIC RENOVATION 12,000 – 15,000 sq. ft.
MULTI-FAMILY 96 Apartments
DEVELOPMENT DURATION 24 months
DEVELOPMENT COSTS $21 Million
The building design elements of the retail/commercial portion of the Project reflect the original Morton Healthcare Facility (windows, brick, arches, etc.). A 30 ft. clock tower and a water
feature (reflecting pool, pop-jet sprinkler, etc.) will be placed at the plaza entrance.
The Pine Place Development Team (Team PPD) estimates development of Morton’s Reserve, post-approval, would be approximately fifteen (15) months; Phase I would consist of retail/
commercial development, inclusive of open spaces, landscaping, walkways and roads. Townhomes would be developed in Phase II (driven by market conditions).
Total development costs are approximate at this point, pending negotiations and final approved design, but Team PPD estimates total project cost at $21 Million.
Currently, 57% of Team PPD is comprised of small, woman or minority owned and historically underutilized / disadvantaged businesses. Team PPD eagerly anticipates including additional
local Tulsa small businesses for various roles and responsibilities upon project award. At this point Team PPD cannot provide a true estimate of the number of temporary and/or permanent
job opportunities the Project would generate, but Team PPD is committed to using local content and meeting or exceeding all targets for minority and women-owned business enterprise
(MWBE) participation as deemed by The City of Tulsa.