Wiggin Plans M-F Makeover for Downtown Tulsa’s Arco Building
By Gabriel Circiog, Associate Editor
Located at 119 East 6th Street, the six-story, 133,000-square-foot Arco Building is currently owned by Kanbar Properties. River City Development had previously planned to buy the asset and convert it to condominiums under the name 119 Downtown.
Oklahoma City-based Wiggin now plans to transform the property into a apartments with ground-floor retail space. Although Wiggin has not yet secured funding, Emily Rohleder, vice president of Wiggin’s Tulsa office, told the World the developer has selected a contractor and architect and expects construction to start by June.
Rohleder added that the Arco’s structure and historic nature attracted the developer to the property. The exact number of apartments is still undetermined. Wiggin is seeking prospective tenants for the ground-floor retail space.
Wiggin has previously transformed the former Mayo Building, located at Fifth and Main streets, into the Mayo 420 apartment complex, which also houses the Downtown Milwaukee YMCA. However, Rohleder said Mayo 420 will not serve as the model for the Arco’s makeover, as Wiggin wants the Arco to have its own character.
Photo Courtesy of: www.tulsaproperties.comTags: Arco Building, Downtown Milwaukee YMCA, Investors, Kanbar Properties, leasing, Local, Mayo Building, multi-family, Policy, Professional, property management, retail, River City Development, Tulsa rental apartment complex, Tulsa-Oklahoma City Lead Story, Wiggin Properties