Saints Medical Plaza

A new, four-story healthcare facility that included physician office space, an imaging center, conference rooms, and educational facilities.

Investment

  • NMTC Amount: $11,000,000
  • Total Project Cost: $16,000,000

IMPACT

  • 58 FTE jobs
  • 144 construction jobs

Investor

Project Description

Saints Medical Plaza is the construction of buildings housing offices of physicians, dentists, and other health practitioners. A component of the plan was the construction of a new, four-story healthcare facility that included physician office space, an imaging center, conference rooms, and educational facilities greatly increasing the hospital’s capabilities. The project faced severe feasibility issues after the run-up in construction costs which followed Hurricane Katrina. NMR’s investment in the form of a low interest rate loan and a soft-equity investment enabled the stalled project to move forward.                                                     

MAP

Address: 535 Northwest Nineth STREET, Oklahoma City, OK 73102

Census Tract: 40109102500

Other Oklahoma Projects

Financing for the construction of a new 30,000 sq. ft. full-service grocery store located in a designated food desert in the northeast neighborhood of Oklahoma City, OK.
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
An airplane parts manufacturing helps community that lost 1,200 jobs with the closing of a Black & Decker manufacturing facility.
Construction of a production facility for hydroponic mushrooms.