Developers Team Alchemy and Greenwood Phoenix advanced in the Request for Proposals process for the historic redevelopment of the Evans-Fintube site in Greenwood.
“We are excited for these two teams to share their ideas for Tulsa’s next destination in historic Greenwood,” said Kian Kamas, Executive Director of the Tulsa Authority for Economic Opportunity. “Both the Alchemy and Greenwood Phoenix teams have a unique vision for the Evans-Fintube redevelopment, and both have presented ambitious strategies for building wealth and creating economic opportunity through their proposed projects.”
In September, the City of Tulsa released a Request for Proposals to create a destination, mixed-used project at the Evans-Fintube site, which is a former industrial facility that includes the 120,000-square-foot Oklahoma Ironworks Building.
Though four developer teams were initially on the shortlist, one dropped out of contention early in the process, leaving three to compete in a public and open process guided by a 15-member steering committee made up prominently of North Tulsa community leaders and those in the Greenwood community.
To date, the three teams in contention who have participated in two community meetings so far have been:
Following a lengthy discussion by Tulsa Authority for Economic Opportunity (TAEO) staff and the Evans-Fintube Steering Committee, Steering Committee members decided earlier this week to move forward with Team Alchemy and Greenwood Phoenix.
“The Evans-Fintube redevelopment is a model for how cities can establish a rigorous and inclusive redevelopment process,” said Jeff Hebert, President of HR&A Advisors, the lead development consultant on the project. “Both teams offer thoughtful visions and detailed plans to transform this historic site into a mixed-use destination that increases economic opportunity for the community.”
To date, two community meetings have been held. During the first in September, community members received the opportunity to meet the initial four teams, explain their goals for the site, and provide feedback on the project moving forward. And during the second in October, Twenty20 Management, Team Alchemy, and Greenwood Phoenix presented their initial ideas for the site including building plans, community engagement opportunities afforded by their proposals, and community opportunities created through their proposed project. During that meeting, community members had the opportunity to ask questions and provide feedback on each initial proposal.
An initial proposal review was conducted with the Steering Committee on December 2, which was followed by team interviews with staff and HR&A on December 6 and 7. Staff and HR&A conducted a second review of proposals with the Steering Committee on December 16 and have since met with all three teams to understand key elements of initial proposals, with the goal of determining which proposals would advance.
During the third and final community meeting expected in early March, the final two developer teams will present their final proposal with a focus on how they adapted their ideas based on guidance from the Evans-Fintube Steering Committee and community feedback.
As a part of its commitment to build capacity among developers, TAEO will be working with Twenty20 Management to fund and provide technical assistance and professional development opportunities to support the team in pursuing future development opportunities.
For more information on the Evans-Fintube project, visit www.cityoftulsa.org/EvansFintube.
About Tulsa Authority for Economic Opportunity
The Tulsa Authority for Economic Opportunity (TAEO) formally launched in July 2021 and seeks to increase economic opportunity in Tulsa through the strategic management of public assets and resources. The Authority streamlines and strengthens the City’s economic development efforts through the merging of the Mayor’s Office of Economic Development (MOED), Tulsa Industrial Authority (TIA), Tulsa Parking Authority (TPA), and Economic Development Commission (EDC) into a single, enhanced Public Trust. TAEO is governed by a 13-member Board of Trustees and provides staffing for, and oversees the operations of, the Tulsa Development Authority (TDA).
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