Humphreys Capital, Hines partner in Classen Curve development
The Residences at Classen Curve will be a five-story multifamily project with 325 for-rent units and will be Hines’ first multifamily project in Oklahoma. The project will be situated immediately adjacent to Whole Foods and Trader Joe’s within a vibrant high-end lifestyle retail center. The Residences at Classen Curve will be the only Class A community in Oklahoma City with walkability to a grocery store, and it will also be walkable to over 15 restaurants and multiple fitness concepts.
“We are privileged to be partnering with Humphreys Capital and are excited to continue the successful relationship in our second joint venture together,” said Hines Managing Director David Bach. “Hines is also proud to continue expanding our footprint in Oklahoma City, after the successful developments of Devon Energy Center and Bank of Oklahoma Park Plaza.”
“We are excited to add a residential component to the highly successful Classen Curve retail center,” added Hines Director Gregory McHenry.
“We are very pleased to once again work with Hines, a world-class developer with whom we have built a great relationship,” said Todd Glass, Senior Managing Director of Investments at Humphreys Capital. “It is particularly gratifying to collaborate on an exciting project in our own backyard, on a unique infill site that will help meet Oklahoma City’s growing housing needs.”
Hines has engaged Dwell Design Studio (Dwell) as the Architect of Record for the development project. Dwell offers expertise in stick-wrap residential design, with deep experience throughout the Southeast and Southwest United States.
Units will average roughly 900 square feet and the project will feature resort-style amenities including: a private fitness center, private amenity courtyards, pool, club room, coworking lounge, dog run, package facilities and significant bicycle storage to take advantage of adjacency to the Lake Hefner bike trail.
Construction on The Residences at Classen Curve is slated to begin in 2020 with occupancy in late 2021.