The OKC 577 development team estimates phase one development of the site will be nearly $250 million, which will make this one of the premier industrial parks in this region.
Amendments to a downtown tax increment finance district that will expire in 2026 would benefit two proposed residential developments and preserve the funding tool as an option for future projects on undeveloped properties.
Developer Gardner Tanenbaum has secured $61 million in financing for Westgate Park Residential, a 444-unit multifamily property planned for development at 10401 W. Reno Ave.