Tulsa Downtown Townhouses Starting To Sell

Monday, July 24th 2017, 11:50 am

By: News On 6

More than three years after construction started, the Urban 8 Townhouses in downtown Tulsa are starting to sell.

Five out of the eight have been sold, and real estate broker JoAnna Blackstock said there’s been a recent boom in interest for luxury living.

“I think there was a little shift for Tulsa to realize what urban living looks like,” she said.

Buyers are starting to warm up to the thought of living in 3,000 square feet along 3rd Street in Tulsa's East Village.

2/14/2014 Related Story: Eight Townhomes To Spotlight New East Village In Downtown Tulsa

"There are five units under contract and two closing this week," Blackstock said.

The developers also shifted strategy - listing prices that sell the units with white box finish instead of including things like bathroom and kitchen build outs.

The units sold around $650,000 each - down from the almost $900,000 initial price tag.

“That was not so much a price for the product but what the offerings were. So rather than building in a lot of packages and incentives, we stripped down the prices a little bit to make it just the core of the construction,” Blackstock said.

The buyers are the target audience first imagined for Urban 8 - mostly empty nesters that want to be in the heart of everything happening downtown.

“This corner has been really hot lately. We’ve got a $1.4 million mixed use building for residential and business, and the development office just sold for over a million," Blackstock said.

As for what the building will be turned into, we are just going to have to wait; but Blackstock feels the hesitancy there was for this type of downtown lifestyle has really dissipated.


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