The Tulsa Development Authority on Thursday selected Brickhugger LLC to convert the former City Hall building into a hotel with mixed retail space.
From Tulsa World, article here. – By P.J. LASSEK
Brickhugger, owned by Tori and Macy Snyder, will negotiate with the authority on the sale of the site and development plans.
In March, Brickhugger offered the city $1.2 million for the site to build a 200-room hotel with mixed retail.
Omega Alpha Development also vied for the site and offered $1.1 million to build a 130-room hotel with mixed retail.
Both groups made presentations to the authority last week.
Brickhugger’s project cost is $29.5 million, which includes $23.5 million for the hotel, restaurant and conference center and $6 million for the retail development.
The project also includes opening Fifth Street from Denver Avenue to the Convention Center.
Construction is estimated to take 12 months for the hotel and restaurant and another eight months for the retail space.
See More Photos of The Tulsa Civic Center Plaza