Oasis Fresh Market

Tulsa,
OK
(2021)

Oasis Fresh Market

Grocery and Fresh Food, Historic Rehabilitation

Investment

NMTC Amount: $7,000,000
Total Project Cost: $7,040,221

IMPACT

21 FTE jobs
86 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.
17,000 sq. ft. of real estate

CDEs

Hampton Roads Ventures, USBCDE

Investor

US Bank

Project Description

Tulsa Economic Development Corporation (TEDC) has constructed a new 17,000 sq. ft. grocery store in Tulsa, Oklahoma. The project is part of the ongoing redevelopment of Tulsa’s African American Community, an extension of the Greenwood District in North Tulsa, site of the 1921 Race Massacre. Oasis Fresh Market is located in an extended area of Tulsa’s Historic Greenwood District. The area has been a primary focus of redevelopment for decades, and though development has happened slowly. The use of NMTCs will allow TEDC to negotiate a larger ownership interest for African American owners.

MAP

Address: 1725 North Peoria Avenue, Tulsa, OK 74106

Census Tract: 40143000500

Other Oklahoma Projects

Stigler Health and Wellness

Stigler,
OK
(2008)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare, Rural

CDE(s): REI Development Corp

Stigler, Oklahoma is located in eastern rural Oklahoma with a population of 2,731 and serves as the county seat of Haskell County.

Community Food Bank of Eastern Oklahoma

Tulsa,
OK
(2022)

Shelters and Community Food

CDE(s): Capital One, Hampton Roads Ventures, Heartland Renaissance Fund

Food Bank Expansion is Fighting Hunger and Feeding Hope

Antlers Wellness Center

Durant,
OK
(2018)

Community, Recreation, Rural

CDE(s): REI Development Corp

A new wellness center provides opportunities for wellness-related recreational and educational activities including but not limited to: group fitness classes, biometric screens, nutritional counseling, wellness coaching, and general fitness facility

Crossover Sports Association – Crossover Community Center

Tulsa,
OK
(2022)

FQHCs, Library, Recreation

CDE(s): MetaFund

NMTCs incentivized private investment from US Bank and created a subsidy which closed Crossover’s fundraising gap to develop the new community center.