Northwind Estates senior living complex under construction
BY ROBERT EVATT World Staff Writer
Thursday, January 31, 2013
1/31/13 at 7:04 AM
While new developments remain relatively rare for north Tulsa, a Missouri company has begun construction on a senior living apartment complex in the area.
When finished, the $5.5 million Northwind Estates will feature 60 apartment units aimed at independently living lower-income seniors, said Jason Maddox of Maco Development Co. in Clarkton, Mo.
Maddox said the company chose the location in part because the Oklahoma Housing Finance Agency, which provides housing assistance to low-income families and individuals, had identified the area near 35th Street North and Martin Luther King Boulevard as a place it wanted to encourage further development.
Northwind's $5.5 million development cost is being partially defrayed by $750,000 in OHFA tax credits, according to data provided by OHFA.
But a bigger influence was the feeling that there's a strong need for more senior living options in the area, as Maco Development discovered by talking to the staff of the nearby Crestview Senior Duplexes, Maddox said.
"At one time, they had a wait list of 80 to 90 applicants," he said.
For Northwind, Maco is working in conjunction with Dexter, Mo.-based Midwest Affordable Housing Educational Opportunities, a non-profit that works with low-income housing and higher education opportunities.
Maco has begun leveling the site, and the company hopes to have the units finished by the end of the year.
Maddox said the complex has already attracted potential residents.
"I'm not sure that anyone has officially signed up yet, however, we have received numerous calls expressing interest," he said.
Northwind will consist of 10 clusters of six units each, along with a building housing an office, laundry and a community area. The one- and two-bedroom units will range from 752 to 984 square feet and rent for $460 to $550 per month.
Northwind will be Maco's second Oklahoma property; it owns a 40-unit apartment community in Oklahoma City, Maddox said.
Also, Maco has received an OHFA contract for a project in Ponca City, with construction scheduled to begin in 60 to 75 days. And, Maddox said, the company is pursuing a fourth development in Tahlequah.
Original Print Headline: Building begins on apartments for seniors
Robert Evatt 918-581-8447
robert.evatt@tulsaworld.com
Associated Images:
Northwind Estates is slated for north Tulsa. Courtesy
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