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Katy Slade
|
OKLAHOMA
CITY. OK – OKC-area native Ryan McNeill of Veritas Development today
announced major project updates for OAK, the 20-acre mixed-use community coming
to 5101 North Pennsylvania Avenue, just south of Nichols Hills in Oklahoma
City.  |
Ryan McNeill
(Photo courtesy The Oklahoman)
|
An
unequaled retail, residential and hospitality experience is taking shape at OAK
with acclaimed, first-to-market brands RH, Arhaus and Capital Grille.
OAK
will also include a 132-key boutique hotel in partnership with Dallas-based
Gatehouse Capital and 320 multifamily homes developed with Mintwood Real
Estate.
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| Nick Venghaus |
Local retailers and restaurants will play an
integral role in the leasing plan across the initial and ensuing phases.
“We
have been preparing the site for development and securing the right partners to
deliver a best-in-class, mixed-use experience to Oklahoma City,” said McNeill.
 |
Jeremy Sain
|
“With
activated greenspace, miles of neighborhood-connected sidewalks, rooftop dining
experiences, vibrant restaurant patios and unique storefronts, OAK will be a
walkable destination unlike any other commercial development in Oklahoma.”
Attracting
first-to-market retailers and restaurants
RH
– a curator of design, taste and style in the luxury lifestyle market
offering one of the largest fully integrated assortments of home furnishings,
lighting, textiles and décor in the world – will open its first Design
Gallery in the region.
At 42,000 square-feet, this destination will
feature a Rooftop Restaurant and Garden, Wine Bar, in-house Interior
Design Firm, and expansive spaces devoted to the brand’s concepts.
Arhaus,
a premium home furnishing brand known for its globally inspired,
artisan-crafted furniture and decor, will construct a 17,000 square-foot space
as a showcase for its heirloom quality products and complimentary home design
services.
Upscale
steakhouse Capital Grille will open its first location in Oklahoma. The
restaurant will occupy a 10,000-square-foot space at the corner of North
Pennsylvania and the Northwest Expressway.
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Everett Dobson
|
Introducing
a new hotel experience to the market
Additional
details about the unique hospitality offering at OAK will be announced later
this fall.
Creating
an exceptional living experience
Veritas
engaged luxury multi-family housing developer Mintwood Real Estate to create a
first-of-its-kind, redefining multi-family development for Oklahoma City, with
amenity-rich housing for professionals seeking a walkable urban
lifestyle.
OAK’s
320 units will have curated interior finishes, including quartz countertops,
walk-in closets, and powder baths.
 |
Michael Nagy
|
The building amenities include a first-class
fitness center featuring a kid’s playroom, private work and conference rooms,
an entertainment suite featuring a golf simulator and shared kitchen, a
resort-style pool, and elevated courtyards.
“We’re
excited to be a partner on this transformational project for Oklahoma City and
the region,” says Mintwood’s Co-founder and Principal Nick Venghaus.
“Veritas has thoughtfully studied the key
components of best-in-class developments around the nation and assembled a team
that knows how to deliver excellence.”
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Chris Speciale
|
“We
are creating a vibrant, mixed-use neighborhood with luxury housing options to
meet the growing demand to live in dynamic districts within Oklahoma City,”
said Mintwood’s Co-founder and Principal Katy Slade.
Construction
Commencement
Project
site work began during the summer and vertical construction is scheduled to
start in the first quarter of 2023.
Veritas
secured its construction loan from Bank OZK in September. JLL Capital
Markets sourced the financing and acted as advisor to the development team, led
by Senior Managing Director Jeremy Sain.
McNeill
is joined by Everett Dobson and the Dobson family as partners in the
multi-phase project.
To
learn more, please visit oakokc.com
and follow the project on Facebook,
Twitter
and Instagram.
.
Open
Realty
Michael
Nagy and Chris Speciale with Open Realty
advise on the retail leasing assignment for OAK.
Contacts:
Michael Nagy - michael.nagy@openra.com
Chris Speciale - chris.speciale@openra.com
The Wilbert Group
Amanda Cross, Fellow
www.thewilbertgroup.com
m: 770-313-0440
www.oakokc.com
www.mintwoodre.com.
www.ozk.com.
www.ozk.com.
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