By Jessica Fiur, News Editor
Oklahoma City, Okla.—Omaha, Neb.-based Haley Real Estate Group announced they are investing $8 million to renovate Park Place, an apartment community in Oklahoma City, Okla. Haley recently acquired the property for $4.2 million.
Park Place, which will be managed by DEI Communities, is a four-story mid-rise community with 223 units. It includes one- and two-bedroom units. It is located near the University of Oklahoma Health Sciences Center.
The planned 18-month renovation process will include new flooring, cabinets and fixtures for each unit. Additionally, Haley plans to redesign the exterior and common areas of Park Place, giving them a more urban feel.
Additionally, the community will include covered parking, bike racks, new landscaping, a “bark park,” renovated pool and a fitness and business center. Security features will be added such as a wrought iron fence that is also graffiti-proof, as well as individual access controls on each of the property’s four buildings. Residents will also be able to access and view entry video footage and allow entrance to guests via their mobile devices.
During the renovation, DEI has partnered with neighboring communities to help relocate current Park Place residents and provide them with financial assistance during the relocation process.
“Park Place is an exciting acquisition for Haley,” Dan Clatanoff, president of DEI Communities, says. “As an existing member of the community, we are proud to be a major contributor to the renewal of Oklahoma City’s downtown corridor. Providing an upscale, contemporary community within walking distance to the State Capital, state department buildings and the Health Sciences Center now provides employees and students greater flexibility on where to live and access to the lifestyle amenities available in the suburbs.”