Western Heritage 4x8 sign

WESTERN HEIGHTS APARTMENT COMPLEX COMING SUMMER 2014

The Brown Group is excited to announce that we will be breaking ground summer of 2014 to construct a $16 million apartment complex to continue our mission of providing affordable, quality housing.

The Brown Group is excited to announce a new addition to its management portfolio in Northwest Oklahoma City. Western Heritage Apartments, a 6 building, 3-story development located on the corner of NW 122nd and Western in Oklahoma City. The development will also feature retail shopping and possibly a retail pharmacy.

Western Heritage Apartments is close to numerous dining, shopping and entertainment options. Individuals desiring a high-end rental home and convenient location will love these apartments. Providing, one, two & three bedroom apartment suites, The Brown Group brand appeals to a wide demographic profile.

Interiors feature stainless steel appliances and are smart-wired for phone, Internet and cable services. Amenities include a fitness center, swimming pool, grilling stations and park.

The Brown Group anticipates breaking ground in the 3rd quarter of 2014 and leasing Summer 2014. 


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The Brown Group Mission

Our mission at TBG is to provide our customers and community with high quality, professional and friendly service. We strive to provide the best for our customers and their real estate needs, including; listing a home to sell, providing representation during a real estate transaction, investment advising, leasing and renting. We are committed to understanding and providing the needs of every client. .

Service Excellence Commitment for Home Buyers and Sellers

We are committed towards assisting our clients whether it be helping them find the most appropriate home and financing, so savings of money and time are achieved. Or by offering the best service to home sellers, with top quality marketing, and up-to date market information, to ensure your home is SOLD!

Community Involvement

TBG is committed towards the betterment of the metropolitan communities in Oklahoma City and surrounding areas including Edmond, by offering inexpensive housing solutions. Through the reconstruction of vital community resources, we also expect to optimize the value of developing areas. Through these goals we hope to enhance the economic condition of each community that we are or hope to be involved with.


Real Estate News

Oklahoma City reaps positive effects of economic development.

Is this the new boom, or just the new normal?

At a time when many cities across the United States still were struggling to recover from the Great Recession, Oklahoma City in 2011 went on an aggressive economic expansion as it rebuilt its downtown; lured new manufacturing jobs, a major new corporate headquarters and high-profile upscale retailers; and celebrated the opening of a new mall.
Oklahoma City reaps positive effects of economic development
It was a year when the 50-story Devon Energy Center finally could be seen throughout the city even as the picture of downtown at ground level was of construction — and detours — everywhere.

And it was a year in which the combination of private and public investment downtown created a dramatically new skyline, one shown to television viewers nationwide, thanks to a Nike campaign featuring NBA star Kevin Durant and network-televised Thunder basketball games. Continued...


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OKC apartment industry finds demand for new units

OKLAHOMA CITY – Multifamily housing in downtown seems to be all the buzz, but real estate professionals said the product is highly demanded outside of the downtown core as well.

Price Edwards & Co. multifamily broker David Dirkschneider represented Interbank in the sale of the 144-unit Southern Oaks Apartments to Derby Shire Holdings LLC, a group based out of state.  The complex, at 3400 SW 44th St., was built in 1966 and was sold for $2.64 million, or $20,984 per unit.

He said once the complex was put on the market, he received multiple offers within a week. The sale closed two weeks after being under contract.  The buyers have plans for renovations.  “The property is in pretty good shape,” Dirkschneider said. “Overall, they don’t need to do much. They will do general upgrades with landscaping and renovate a unit that had some fire damage.”

He said the complex’s interstate highway frontage helped it sell quickly.  “It has great visibility on Interstate 44, which has 50,000 cars that pass by it daily,” he said. “We’ve had to do very little advertising because of the visibility.”

The property’s proximity to the interstate may have helped it sell, but the demand for apartments outside of the downtown area is still high.  In the next year, there are 2,703 units that are expected to either be completed or started in the Oklahoma City area.  CBRE Senior Vice President and Managing Director William Forest said those units will be easily occupied because of interest rates.

“You can’t do too much high-end (apartments),” he said. “Unless interest rates change significantly, single-family homes still provide strong competition for multifamily.”

He said since the 1990s, the metropolitan area has added 1,000 to 1,500 units a year and he does not expect that to slow down.  “We’ve been able to absorb it up to this point, and I don’t think that will change,” he said.

That news is good for Toby Brown with the Brown Group, who just bought 15 acres of land at the northwest corner of NW 122nd Street and N. Western Avenue. The property sold for $800,000.

Dirkschneider said Brown plans to build a 144-unit apartment complex as well as a 20,000-square-foot retail center. The apartment complex will be built first and is six months away from breaking ground.

He said the complex will be close to the Broadway Extension and Memorial Road, both of which are prime areas for growth in the city.  “It’s one of the best corridors in town,” he said. “I think he’s going to do market-rate apartments. The properties in the area that have been taken care of do very well. He’s hoping to capitalize on a nice, quality product, which he should be able to fill very easily.”

Dirkschneider said the more than 2,000 units that are already planned may not be enough for the growing city.  “The amount of new units coming on will be easily absorbed,” he said. “We could easily handle a few more.”




11321 BEL AIR PLACE, OKC ~ FOR SALE

$109,900

1,614 Square Feet
3 Bedrooms and 1.75 Bathrooms

  • New landscape
  • New paint
  • New carpet
  • Light fixtures
  • Tile
  • Appliances 
  • A/C  

Welcome home to your new home!  Enjoy the beauty of this wonderfully remodeled home.

Click "HOMES FOR SALE" to view all pictures and homes for sale!




8821 NW 121st ST, OKC (SOLD)

$230,000

4 Bed/3 Bath/3 Car Garage
2,852 Sq Ft.

Beautiful home located close to shopping, restaurants, highways and schools. Warm and bright decor with open floor plan. Peaceful backyard with wonderful deck. Lovingly maintained with great curb appeal.


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