Case Ready to Start $21M Jenks M-F Project After Delay for Flood-Control Compliance
- Apr 29, 2013
Case & Associates is ready to kick off a 260-unit multi-family project in Jenks after a recent delay mandated by federal flood-control regulations.
As previously reported by Multi-Housing News, the Jenks city council approved a zoning change from commercia l to residential use last November for the $21 million project on South Elm Street.
But as The Tulsa World
reports, the Federal Emergency Management Agency determined that the site is located in a flood plain. As a result, Tulsa-based Case had to wait for the previous owner to raise the site’s elevation an average of 3 to 5 feet. Company president Scott Case told the World that the Reserve at Elm had the longest lead time of any project undertaken by the firm to date.
When construction is complete in about 10 months, the apartment community will be the largest multi-family property in Jenks. It will comprise 130 one-bedroom units and 130 two-bedroom units varying in size from 789 to 1,176 square feet; monthly rents will range from $799 to $1,099. Amenities will include a clubhouse, fitness center, business center, gated access, a dog park, picnic areas, 60 garages and an outdoor swimming pool.
Elsewhere in the area, Case is weeks away from completing the Cascata Apartments, a $22 million, 286-unit project at 81st Street and Mingo Road. Case reported that the property is already 15 percent pre-leased.
Photo of Cascata Apartments courtesy of: www.cascataapartmentstulsa.com