From The Oklahoman:
A Wisconsin company wrapping up redevelopment of the former Dunbar school east of downtown is preparing to build more affordable senior housing on a blighted block between Midtown and Classen-10-Penn.
Craig Alter with Commonwealth Development Corp. of America confirmed to The Oklahoman the company has a contract to buy the block between NW 10, Park Place, Western Avenue and Classen Boulevard, with plans to clear remaining structures to build five stories of housing including underground parking. The development, Thrive on 10th, is set to consist of 176 independent living apartments and 142 assisted living residences.
Alter said the development will be completed in conjunction with the Oklahoma City Housing Authority and will replace the Tower Apartments, older affordable housing located in Midtown.
“We were looking for an area downtown that can support senior housing,” Alter said. “We looked at existing buildings to land areas. We’re finally able to get this property under contract. We sought to work with the Oklahoma City Housing Authority and found an opportunity to work together to build housing that will be replacement for the 138 Tower apartments.”
Read The Oklahoman's article “Developer, agency work on affordable housing,” featuring the Oklahoma City Housing Authority.