Construction Begins on Watermark at Tuscana
Multifamily Community in Oklahoma City
[ 05/18/2011 | from Watermark-Residential ]
INDIANAPOLIS, IN - Watermark Residential has begun construction of Watermark at Tuscana, a multifamily community on the north side of Oklahoma City. The project's completion date is May 2012.
"Initial work will include grading and forming the site in preparation for pouring the foundations for the community's buildings," said Eric Garrett, managing partner of Watermark Residential.
The community, which is located at 2701 Tuscana Blvd., will consist of 240 Class A apartment homes in three buildings on a 10-acre site. The community also will include a clubhouse, a resort-style pool and detached garages. There will be one-, two- and three-bedroom homes.
According to Garrett, the community features an e-Urban design. "This design represents a step forward in multifamily community development," he said. "The e-Urban design is more cost effective and more efficient in terms of land use by allowing more units to be developed per acre than is possible with traditional designs."
"It also pushes net rentable space in each building to about 88 percent from the normal 65 percent," he added. "The design accomplishes this efficiency through the use of short corridors and additional elevators."
The community's three-story buildings feature a Tuscan-style facade. Tuscana also will incorporate an attractive plaza along with extensively landscaped courtyards into its design. Other amenities include professional management, 24- hour maintenance, wi-fi throughout the clubhouse and pool area and an outdoor grilling area.
The community is part of the 150-acre Tuscana Master-Planned community in Oklahoma City and is convenient to the Quail Springs shopping corridor and several major employers.
"Tuscana is in a prime location and represents an important addition to the local community," Garrett said. "We are looking forward to its completion and adding it to the list of Watermark's other high-end multifamily communities."
Leasing will begin in October 2011 with the first building ready for occupancy by January 2012.
Thompson Thrift Construction of Terre Haute is the general contractor for Tuscana. The architect for the project is Dallas-based Humphreys & Partners Architects, L.P., which originated the e-Urban design concept. http://www.watermark-residential.com/news-2011-05-18.php