Affordable Urban Alternatives(j-park, paseo)

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02/08/10, 20:36

Oklahoma's Forum > OKC Metropolis (& Norman) > Urban Development > Topic: Affordable Urban Alternatives(j-park, paseo)

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wsucougz

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Affordable Urban Alternatives(j-park, paseo)

« on: 05/06/08, 20:34 »

In the past year, John Bullard has converted 2 multifamily buildings into loft spaces:

http://bullarddesign.com/3012_N_Robinson.html (Jefferson Park - this was an old 8-plex)
http://bullarddesign.com/424_NW_30th.html (Jefferson Park - former duplex)

And Loren Capron is currently renovating 3 multifamily structures in Jefferson Park into single-family residences. All next door to each other on 22nd and Hudson(next to Cheevers).

Bullard bought those for $40k a pop and Capron paid $100k each for the 3000 sq. ft duplexes and $75k, I believe, for the smaller one. Getting a solid structure at such a low $/ft leaves you a lot of room to get creative without having more money in than you could ever possibly hope to get back out.

You're probably not walking to downtown from those locations, but you're walking to the Paseo and the soon to be renovated Tower Theater, as well as a few other neighborhood haunts like the Blue Note and Red Rooster, and of course Martinez Tires :) . Plus, you're equidistant to downtown and most western ave bars and restaurants; less than a mile from each.

* I had previously posted this on okctalk trying to generate some discussion when it occurred to me that the group over here is probably a better crowd for this. I really see good things in store for The Paseo(Guernsey) and Jefferson Park(particularly Jefferson Park), and am surprised to not hear more urban-oriented individuals talking about these areas on the forums. If I was on a budget and looking for a place to live near downtown, I would go with Jefferson Park. $75-80k will get you a decent bungalow within striking distance to everything, or you could spend a little more and create a cool loft space for less than half the price of the downtown options. I predict both of these neighborhoods will blow up within the next 5 years.


« Last Edit: 05/06/08, 20:41 by wsucougz »	Logged

wsucougz

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #1 on: 05/06/08, 20:37 »

Links fixed.


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shane

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #2 on: 05/07/08, 10:45 »

I think the reason we don't talk about it more here is because you really have to be looking carefully to find these- they don't really make the news. Alexa usually keeps us informed to some extent about opportunities like this.

Thanks for posting these. Definitely a good way to be close enough to bike to work in Midtown/Downtown without paying for extra high prices. I think these would also be extremely attractive for OCU students.


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Betts11

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #3 on: 05/07/08, 12:30 »

Quote from: wsucougz on 05/06/08, 20:37

I had previously posted this on okctalk trying to generate some discussion when it occurred to me that the group over here is probably a better crowd for this.� I really see good things in store for The Paseo(Guernsey) and Jefferson Park(particularly Jefferson Park), and am surprised to not hear more urban-oriented individuals talking about these areas on the forums.� If I was on a budget and looking for a place to live near downtown, I would go with Jefferson Park.� $75-80k will get you a decent bungalow within striking distance to everything, or you could spend a little more and create a cool loft space for less than half the price of the downtown options.� I predict both of these neighborhoods will blow up within the next 5 years.

I'd wondered the same thing. If I were of an age where I was looking to buy my first house, the first place I would look is Jefferson Park. When my daughter was here from Atlanta and we were driving around, she said the same thing. The Plaza Court area struck me the same way, although I don't know the prices over there. There are some houses that are really attractive from an architectural standpoint, are in a great location and are priced very reasonably.


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Spartan

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #4 on: 05/07/08, 16:08 »

Betts, you mean the Plaza District around NW 16th Street?

The Paseo lofts look fantastic. I am sure that there is a flow of properties being renovated as such, it's just not very easy to find out about these projects without being a realtor or similar.


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Betts11

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #5 on: 05/07/08, 16:59 »

Whoops, yes, meant Plaza District


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Spartan

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #6 on: 05/07/08, 17:47 »

Right. I'm not sure if the residential stock is as sophisticated in the Plaza District area as it is in the Paseo area, or in Jefferson Park along Robinson where there are a ton of flop houses that would make awesome loft conversions. In the Plaza District are mostly 2-story craftsman homes with a ton of potential. A lot of them are getting renovated. The area just north of there is Gatewood, which is an area with high property values. The area just to the south of that is Classenview or I've seen it referred to on legal papers as the Las Vegas addition or something like that, and it's an area that's turning the corner. There are a lot of great historic areas though in between NW 23rd and NW 10th that are becoming much lesser-known affordable urban alternatives.


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wsucougz

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #7 on: 05/07/08, 17:53 »

The Plaza district is cool as well. You've got Gatewood to the north, but many parts of that neighborhood are beginning to get up there in price. A good deal of those homes have already been restored. You could get a cheap place on the south side of 16th right there, but that particular neighborhood imo is pretty run down and the quality of the structures just don't appear to be there. In order for that side of the street to really gentrify, someone would have to do a lot of bulldozing.


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wsucougz

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #8 on: 05/07/08, 18:21 »

Quote from: shane on 05/07/08, 10:45

I think the reason we don't talk about it more here is because you really have to be looking carefully to find these- they don't really make the news.

I don't mean just the loft conversions, which I agree are hard to track down, but the housing opportunities in general.

I hear all sorts of people complaining about the high cost of downtown living, but these close-in neighborhoods are never really discussed as a viable alternative. I think many people feel that a lot of these areas are still unsafe. On the downtown living tour, I heard a couple discussing the assertation that Hadden Hall is "conveniently located," to which they replied "what, all the murders?" That's 2 blocks from A-alley.

Most of the downtown neighborhoods still have a way to go in terms of perception in most people's minds.


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Spartan

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Prairie Paris

Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #9 on: 05/07/08, 18:21 »

Closer to Classen, south of 16th isn't such a bad thing at all. Closer to Penn, it gets more run down.


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Don't Edmond my Norman: an urban movement

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wsucougz

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #10 on: 05/07/08, 18:28 »

I must have made that plaza district post at about the same time you did, Spartan.


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Spartan

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Prairie Paris

Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #11 on: 05/07/08, 18:40 »

Yeah I was responding to your post. While I wrote it, you posted your response to Shane. Sorry bout that..


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railguy

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #12 on: 05/11/08, 21:29 »

There are less attractive alternatives to the high-profile condos going up around downtown. A lot of them aren't for sale though, just for rent. There's the Park Harvey, first and foremost. Those units went pretty fast. Also there's the apartments in Deep Deuce which are really more like rental townhomes. There's the Regency Tower, 5th Street Lofts, Garage Lofts, Sycamore Square, and ALL of that in Midtown which is actually quite a lot when you look at it.

We also forget that the inner city boosts a lot of historic single family neighborhoods that YET have a great urban vibe. These are neighborhoods that aren't the pot-addled slums they once were. The "normal OKCers" don't go near these hoods but you can rest assured that they can offer a lifestyle that's much higher-quality than anything in Edmond or Moore.


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Ace

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Prairie Paris

Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #13 on: 05/11/08, 23:24 »

I checked out that BullardDesign website a bit more. Some of this could be in my price range right after I finish college here in a couple years. Some of this stuff is really nice, too.

Crestwood (May and 23rd area) $105,000:

Gatewood (Penn and 23rd area) $137,000:

Miller (NW 16th and May area) $59,000:

Central Park (NW 30th and Western area) $139,500:

Here's another upscale Gatewood house ($269,000) that was a former multi-tenant house:

Just an example of some of the excellent renovations going on or already gone on in the last 5 years with nearly every other Inner North side home. Recently the Inner North side has become, in my opinion, a very desirable community to live in.


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CuatrodeMayo

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Re: Affordable Urban Alternatives(j-park, paseo)

« Reply #14 on: 05/13/08, 16:54 »

Thanks for posting...I'm looking in this area as soon as a month from now.


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