cornerstone for downtown housing
As Oklahoma City continues to grow, so does residential demand. More and more downtown housing is under construction and will soon be available to potential downtown residents. The planned Civic Center Flats will serve as a great addition to the expanding housing market. With an already high demand for rental housing, the flats are another step in providing more market options for buyers.
The Oklahoma City Urban Renewal Authority recently completed negotiations with developer Ron Bradshaw for the surface parking lot at Couch Drive and Lee Avenue to be the site of the new flats.
The flats will be made up of 34 condominiums, going from 800 square feet up to 1,400 square feet. The average sales price starts at about $300,000 and the smaller units will sell for about $200,000. A total of 19 of the 34 available units have already been sold. The development will also have a 12,938-square-foot parking lot.
The developer specified that six of the units would be two-story condominiums. Architectural designs of the flats will complement the Civic Center Music Hall and were developed by architects Hans Butzer and Jeremy Gardner...
Read the full article here in the July 29th edition of The Journal Record.