Developers Eager To Transform Downtown Tulsa Parking Lot

Saturday, August 22nd 2015, 7:48 pm
By: News On 6

Close to 2 acres of land in the heart of downtown Tulsa soon could see progress.

What is now a parking lot near Second and Cincinnati soon could be developed into a grocery store, apartments and restaurants.

Developers gave an exclusive look to News On 6 and shared their impressive ideas.

The parking lot just outside of the Performing Arts Center in downtown Tulsa has been just that for 30 years, serving city employees and PAC visitors.

It is owned by the TPAC Trust.

“We never had the motivation to do anything with it because we needed the parking,” Stanton Doyle said.

But in the last few years, with the growth happening downtown, the board of trustees realized the land has potential, so they opened it up to interested developers.

“They needed to demonstrate the ability to do a development of this kind and finance a development of this kind,” Doyle said.

Some of the ideas the trust received include:

Flaherty and Collins out of Indianapolis envisions up to 12 stories of apartments, a 35,000-square foot Reasors grocery store, parking and civic space solely for use by the PAC.

Milhause Development, also out of Indianapolis, would team with a Tulsa architecture firm to build ground-floor retail and restaurant space with luxury apartments above.

G4 LLC, out of Tulsa, envisions a hotel/condo mix, shops, a grocery store, parking garage and the addition of a theater above Cincinnati.

Doyle said the trust has only begun to look over the proposals, but he said all are from qualified parties with interesting ideas.

 These are just concepts at this point and the Trust could decide to not go with any of them and leave the space a parking lot.

Or, it could decide to put out another request for qualifications.

They most likely are ready to move ahead with one of the developers from this round.