Newspaper article THE JOURNAL RECORD

Page Woodson Building in OKC to Become Multifamily Housing

Newspaper article THE JOURNAL RECORD

Page Woodson Building in OKC to Become Multifamily Housing

Article excerpt

A developer who has already made his mark on housing in downtown Oklahoma City will soon set to work on a historic school in the northeast corridor of the city.

Ron Bradshaw, the principal with Colony Partners LLC, was approved to purchase the former Page Woodson School for $925,000. According to the school board meeting agenda, he plans to turn the building into multifamily housing.

"We want to convert the building to residential use that would be affordable housing," Bradshaw said.

He defined affordable as lower than the rental rates at his Maywood Park development.

The school was built in 1910 and has been out of service since 1993. There were additions to the building in 1919 and 1934. The building is listed on the National Register of Historic Places, making Bradshaw's project eligible for historic tax credits. He said he plans to seek historic tax credits for the project.

The Oklahoma City Urban Renewal Authority had made an offer on the project for $100,000, but Bradshaw's work will still be approved by OCURA per a provision he put in the contract. The organization owns the land surrounding the building.

"We're looking forward to working with him," said Alliance for Economic Development of Oklahoma City President and CEO Cathy O'Connor, who manages OCURA. "I think it all worked out OK."

Bradshaw was one of the partners in the Brownstones at Maywood Park, a community of townhouses in the Deep Deuce district.

He said he put the OCURA provision in the contract because he wants the project to fit in with the neighborhood.

"Page Woodson sits in the middle of a great deal of land that OCURA owns," he said. "We felt like we ought to work together. We've done that before in the Maywood Park area. We just think there needs to be a lot of community involvement in identifying how all that gets developed. Between the 2.4 acres (of land that the building sits on) and the land (OCURA) has, there's about 10 acres of land that needs to have a well-designed and well-thought-out development plan. We think it should be a team effort on Urban Renewal's part."

Since the decision on the developer for the school was still new, Bradshaw said they are early in the process of redesigning the building. …

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