McKown received approval for the design March 21 by the Downtown Design Review Committee, for the four-story, 97-unit development. He says the budget is $12.5 million, and he plans to seek tax credits and TIF dollars for the project.
With many units Downtown starting at about $900 per month, McKown says he has made an effort at Level to keep the minimum costs slightly below market. His units there range from about $885 to $1,400 per month. He plans to offer comparable pricing at Mosaic.
The project will be similar in appearance to Level, with stucco and concrete on the exterior dotted with sand and ground mica chips that will glint in the sunlight. Once the project breaks ground, McKown says it will take about 14 months to build.
“If all the pieces come together, we would like to break ground in May,” he says.
The MidTown Renaissance Group is on its way to building a 282-car parking garage at 123 N.W. 10th. The design for the five-story garage was approved by the Downtown Design Review Committee at its March meeting. It will be nestled between the 1101 N. Broadway building on the east and Frontline Church to the west. It is intended to bring much-needed parking to the area to support commercial and residential projects in MidTown and Automobile Alley.
The design includes louvers similar to the 1101 building and brick as a nod to the historic buildings along Automobile Alley and in Bricktown. Work is set to begin later this year.
In a nod to the ABC reality television show Shark Tank, eight entrepreneurial teams went before a panel of business leaders March 5 at the Oklahoma History Center to pitch their plans and ideas for a chance at a $5,000 technology package from Cox Communications.
At the end of the night, and after direct questions by the panel, ScanMed QR was the winner. The Oklahoma City-based company, led by Eric Richardson, is creating medical-alert technology to store a one’s medical history via QR codes that can be read by a smartphone.
In early 2014, the Social Security Administration plans to move into a new building at N.E. 122nd and Kelley in the Market Center development. The 23,000-square-foot building will be designed by Bockus Payne Associates. The SSA will lease the building from Precor Ruffin. For the last 10 years, the SSA has been at Shepherd Mall.
“The facility being provided for the SSA will complement the existing development while affording greater access to its customers,” says Mark Ruffin, Precor Ruffin principal.
The Cimarron Alliance, Oklahoma City’s advocacy and education organization for the gay, lesbian, bisexual and transgender community, opened the Equality Center, 5613 N. May. It is the state’s first such center devoted to support Oklahoma’s LGBT community. The group estimates there are 365,000 LGBT individuals living in Oklahoma.