OKLAHOMA CITY – (Realty News Report) – Hines, the Houston-based international real estate firm, along with partner Humphreys Capital, have broken ground on the construction of a multifamily project at Classen Curve in the Nichols Hills submarket of Oklahoma City.
The development will be a five-story mid-rise building with 326 rental homes, situated immediately adjacent to Whole Foods at the epicenter of the Classen Curve outdoor retail center. The community offers walkability to surrounding amenities such as Trader Joe’s, over 15 restaurants including newly opened Torchy’s Tacos and Flower Child, and multiple fitness concepts.
The community will offer studios, one, two, and three-bedroom units and will offer upscale finishes and fixtures that will set a new standard for quality in the marketplace. The project will feature resort-style amenities including multiple private outdoor courtyards, heated pool, a private fitness center, club room, library, outdoor dog run, modern package facilities, and significant bicycle storage to take advantage of adjacency to the Lake Hefner bike trail.
The development will be the first residential project for Hines in Oklahoma City after having developed office towers Devon Energy Center and BOK Park Plaza. Hines Senior Managing Director Tom D’Arcy stated, “Hines is privileged to break ground on another development in Oklahoma City. This project will sit on strategic real estate anchored by two upscale grocers, and we are committed to delivering a market-leading community befitting of the site.”
Dwell Design Studio (Dwell) is the Architect of Record for the development project.
Construction began in August 2020 with initial sitework activity, and occupancy is expected to begin in early 2022.
Hines, founded in 1957 by Gerald D. Hines, has a presence in 225 cities in 25 countries. Hines has approximately $144.1 billion of assets under management.
Sept. 29, 2020 Realty News Report Copyright 2020
File: Hines Breaks Ground on Multifamily
File: (2) Humphreys Capital. Whole Foods. Classen Curve. Trader Joe’s. Hines Breaks Ground on Multifamily in Oklahoma City.