Hines and its partner Humphreys Capital have broken ground on the construction of a multifamily property project at Classen Curve in the Nichols Hills submarket of Oklahoma City.
The development will be a five-story mid-rise building with 326 rental homes, situated immediately adjacent to Whole Foods at the epicenter of the Classen Curve outdoor retail center.
The multifamily property project in Oklahoma City will feature resort-style amenities including multiple private outdoor courtyards, heated pool, a private fitness center, club room, library, outdoor dog run, modern package facilities, and significant bicycle storage to take advantage of adjacency to the Lake Hefner bike trail.
The development will be the first residential project for Hines in Oklahoma City after having developed office towers Devon Energy Center and BOK Park Plaza.
Hines Senior Managing Director Tom D’Arcy stated, “Hines is privileged to break ground on another development in Oklahoma City. This project will sit on strategic real estate anchored by two upscale grocers, and we are committed to delivering a market-leading community befitting of the site. It is an honor to be partnering with Humphreys Capital and we are excited to add one of the final pieces to the Classen Curve center.”
“We are very pleased to break ground on our second project with Hines,” said Todd Glass, Senior Managing Director of Investments at Humphreys Capital. “We’ve enjoyed collaborating on a project in our own backyard that will bring a true live-work-play lifestyle to Oklahoma City.”
Construction began in August 2020 with initial sitework activity, and occupancy is expected to begin in early 2022.