City set to award developer rights to key downtown parcel
The Oklahoma City Urban Renewal Authority is set to sell a highly-visible tract of downtown land to a local developer.
After issuing a request for proposal for 4.4 acres at NW 4th and E.K. Gaylord Boulevard, the city agency received two submissions and has selected Alley's End as the preferred development.
The project would include three five-story buildings with 278 apartments, structured parking and ground-floor retail space.
128 units would be designated affordable housing, which would be leased at 60% or below average market rent.
The selected group, Rose Rock Development, has also chosen by the city to develop a mixed-use complex just south of Chesapeake Arena named Boulevard Place, which should be starting work later this year.
Rose Rock describes Alley's End as a 'sustainable artist development that will promote the pedestrian experience with plazas and urban canyons with incorporating micro-retail and dense residential'.
Architects are FSB.
The authority will formally vote on March 18th and city council will have final approval.
article sourced from okctalk.com