Local & Regional
Thu March 11, 2010
More Downtown Development
By KWGS News
Tulsa, OK –
A project for mix-used development near the BOK Center will soon be realized. The Tulsa Development Authority (TDA) voted in favor of the contract set forth by developers, One Place LLC for land located at 3rd and Denver for $1.5 million.
The land will be used for urban mixed-use development in downtown Tulsa such as: urban residential flats and town lofts, 120-room hotel and restaurant combination, commercial or retail businesses and sub-surface parking. Currently, the lot is being utilized for parking.
"This development is great news for the City of Tulsa, as it will help create jobs, bring in new sales tax revenues and provide housing that is needed downtown," Mayor Bartlett said. "With the BOK Center just steps away, the mix-used development will be another selling point we can use to secure conventions, conferences and more entertainment opportunities within our city."
The land bought by One Place LLC is just a portion of the overall development site of the project. The developer currently owns the property adjacent north of the 3rd and Denver lot and will develop these areas for the mixed-use development.
"When One Place LLC approached us about this development opportunity, we were glad to work together as each of us wants the best outcome for the City of Tulsa, O.C. Walker," TDA Executive Director said. "The TDA is always looking for opportunities to develop and improve on the infrastructure of our city, and the magnitude of this project will surely enhance the vitality of our city."