$75 million development planned for north Tulsa with city support
TULSA, Okla. (KTUL) — For decades, 22 acres of lush hills and valleys sat vacant as part of north Tulsa died from lack of development.
Antoine Harris and his company, Alfresco Development, have a plan in place to develop a hotel and two mixed-use retail buildings at 36th Street North and MLK Jr. Boulevard.
“Once we see we are equal and realize we are equal, we can do what has been done through the city," Harris said. "It is done by us, but for the city of Tulsa."
The City of Tulsa has approved a $16 million Tax Increment Finance district to help absorb some of the financial risks with the multi-million-dollar project.
It’s a project Harris believes could change north Tulsa.
“The community as a whole is going to be affected through us bringing in jobs, economic stability, and property values are going to go up,” said Harris.
The first part of the project is a boutique-style hotel, The Stradford21 Hotel, named for J.B. Stradford, who owned a hotel that was destroyed during the 1921 Tulsa Race Massacre.
The company will break ground on the hotel in September, followed by other developments in the future.
