B.A. Mixed-Use Building Completed
By BOB LEWIS
Brio on the Rose, a four-story mixed-use building located at 305 N. Main St. in Broken Arrow, has been completed and officials are inviting commercial and residential tenant prospects to give it a look-see.
The city, Broken Arrow Chamber of Commerce, Economic Development Corporation and Milestone Capital LLC partnered on the project. Its name is an Italian word that was selected because it translates as “liveliness” or” brightness.”
The building has 31,000 square feet of commercial space on the ground floor and 96 apartments in various sizes on the top three floors. Several of the units are already occupied.
The project cost was nearly $20 million making it the largest undertaking in Rose District history, officials say. Financing came through Milestone, a company specifically created for Rose District development projects. It was designed by Cyntergy Architecture & Engineering and built by Cowen Construction.
Cowen Project Manager Bridget Goodacre said all apartments feature 10-foot ceilings, granite countertops, large storage areas and luxury finishes. For more information, contact Tulsa Property Group at 918-512-1200 or visit tulsapropertymanagement.com.
Information on the commercial spaces is available from Steve Walman at Walman Commercial Real Estate Services by calling 918-481-8888.
City Manager Michael Spurgeon said, “Brio on the Rose will bring additional density to the downtown area, which is important for increasing daytime traffic to sustain support local businesses.” He called it an example of what can be accomplished through creative public and private partnerships.
“It’s going to be an anchor for the north end of the Rose District” and will spur growth in that area, Mayor Craig Thurmond predicted.
The site of the new complex was previously the First Assembly of God Church, which became First Baptist Church in 2002. The building sat vacant for a number of years before being demolished. The city provided the property and did a number of infrastructure improvements to launch the undertaking.
Many residents recall the early 2000’s, when downtown Broken Arrow was best described as “sleepy.” In fact, Thurmond once quipped that if a car was parked on Main Street after 6 p.m. it was probably because it wouldn’t start.
Those days now seem like they were light years ago.
Today’s Rose District, a vibrant shopping, arts and entertainment area, revitalized the core downtown area and is largely responsible for Broken Arrow receiving “Most Livable City” awards from two different national real estate and engineering organizations. It grew out of a tax increment financing district that includes downtown. The $13.5 million TIF district was approved in 2010, and money generated from sales and property taxes is being used to pay it off