The Jenks City Council recently paved the way for a proposed 260-unit multi-family project on South Elm Street by approving a zoning change from commercial to residential use, The Tulsa World reports.
The complex planned by Tulsa-based Case & Associates would be the city’s largest and would help ease its tight apartment market.
Situated in the 300 to 400 block of South Elm Street, the proposal has drawn considerable support from elected officials and senior staff. City council member Lonnie Sims termed the location ideal for an apartment complex. Robert Bell of the city’s planning department said the property will support the retail venues in the area. The complex would border a convenience store, a bank, a supermarket, the Jenks levee and Park West.
Scott Case of Case & Associates reported that pricing and unit configuration will be similar to the company’s Nickel Creek complex near the Tulsa Hills shopping center in southwest Tulsa. The project will feature one- to two-bedroom flats with prices ranging from $750 to $1,200 a month.
In accordance with to city requirements, the development will be gated and fenced. The developer will build a public road over the Jenks levee, which will connect to Beaver Street and a new road to access Elm Street.
Case & Associates has been an active player in the Tulsa multi-family market of late. The company is developing the Cascata Apartments, a 286-unit apartment project located at 81st Street and Mingo Road. In a $31.8 million deal, Case recently sold the Villas at Bailey Ranch apartment complex to Chicago-based Trilogy Real Estate Group.
Logo Courtesy of: www.caseusa.com