First National Center

New Markets Tax Credit Coalition

Oklahoma City,
OK
(2017)

First National Center

Business Development, Community, Infrastructure, Mixed-use, Restaurants and Catering, Retail and Commercial, Transportation and Ports

A multi-phase project to redevelop the 1931 Art Deco Center Building, the 1957 Center Building, and the 1972 East Building into a 145 room hotel, more than 180 apartments, restaurants and 35,000 sq. ft. of lease and event space.

Investment

NMTC Amount: $18,695,000
Total Project Cost: $64,063,480

IMPACT

12 FTE jobs
180 construction jobs
35,000 sq. ft. of real estate

CDEs

Brownfield Revitalization, MetaFund, REI Development Corp

Investor

Unknown

Project Description

The team behind the major economic development project to revitalize the First National Center in Oklahoma City participated in the New Markets Tax Credits program as part of the overall strategy to fund this historic redevelopment. Oklahoma City developer Gary Brooks and NE Development’s Charlie Nicholas, purchased the 32-story First National Center, formerly First National Bank, in early 2017. The owners are leading a multi-phase project to redevelop the 1931 Art Deco Center Building, the 1957 Center Building, and the 1972 East Building into a 145 room hotel, more than 180 apartments, restaurants and 35,000 sq. ft. of lease and event space. The beginning phase includes a parking Garage & Gallery, creating more than 600 new parking spaces downtown.

MAP

Address: 120 North Robinson Avenue, Oklahoma City, OK 73102

Census Tract: 40109109100

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