Within the past few months, three new multifamily housing projects have been announced on the west end of Midtown. Its changing landscape is allowing investors, residents and new-comers to see Midtown's value.
Milhaus Development, an Indianapolis-based company, announced a $42.5 million, five-story residential complex at Northwest 10th and Shartel Avenue.
"We are focused on urban neighborhoods and are attracted to places that invest in themselves," said Co-Founder and Vice President of Development for Milhaus, David Leazenby. "When Milhaus explored cities for its expansion, it became clear that we could help advance some of the goals in downtown and Midtown Oklahoma City. We seek areas with growing employment, good government and leadership, good park systems, good school systems and multi-transportation options. Indeed, it is rare today that a vision for urban living is coupled with the public investment and infrastructure on the scale of MAPS. All of the checkboxes hit for us when we consider Midtown Oklahoma City."
Mode Development is developing Lisbon Lofts at Northwest 9th and Shartel Avenue. The lofts will be three-story buildings with a modern layout and include seven for-sale condominiums. Lisbon Lofts will offer unique open floor plans that allow residents to define their own space and emphasize natural light.
Midtown Renaissance Group is developing 1201 North Francis Avenue into a 43-unit, four-story apartment building. The plans feature covered parking, walk-ups and gallery style corridors.