Home

Vol II   Issue 35                      September 17, 2007

Previous Issues:

Below Average Cost-of-Living


 

Average Cost-of-Living

Above Average Cost-of-Living

International Retirement Spots

 

Downtown Retirement

 

Downtown Real Estate

 

Downtown Retirement

 

Downtown Real Estate

 

Downtown Retirement

 

Downtown Real Estate

 

Active Retirees Create Their Own Downtown Retirement Communities in Vibrant Urban Destinations Across the Country

Up and Coming Downtown Oklahoma City, Oklahoma (Meets U.S. Average Cost-of-Living)

Oklahoma City, Oklahoma (population 1.13 million in the greater metro area with roughly 4,500 in the 20 to 30 square block downtown area) is in the midst of an innovative downtown revitalization called MAPS (Metropolitan Area Projects).  Begun in 1993, the project was started when city leaders decided to rebuild the downtown area and create a vibrant urban center for people to live, gather and conduct business.  The result is an impressive new library, a new baseball park, a new convention center and the standout Bricktown Canal, a mile-long meandering pedestrian trail that wanders past new restaurants, clubs and cafes.   

 

 

The city has also dammed the local river, created lakes to the south of downtown and added parks and walking trails along the waterway.  There are plans to build new homes and new retail businesses on the northeast side of downtown as well, making Oklahoma City a place to watch in the coming months.

Bricktown is the entertainment section downtown and is named for its red brick buildings; here retirees find movie theaters, restaurants and cafes.  Residences are on the drawing board for this section of town, although few are here yet.  The Flat Iron District will soon be the home of a large residential neighborhood, and the Triangle District has plans calling for 1,000 new condominiums ranging in price from $170,000 to $800,000.

 

The Arts District is home to the Myriad Botanical Gardens, Ballet Oklahoma, the Civic Center Music Hall, the Oklahoma City Museum of Art and the haunting National Memorial, as well as numerous apartment and condominium buildings.

Retirees will find an abundance of services in downtown Oklahoma City.  There are five churches, a major hospital (St. Anthony's), medical clinics, numerous dentists, eleven banks, salons and spas, fitness clubs (including a YMCA), clothing stores and more.   Dozens of restaurants, museums and festivals, including the Festival of the Arts (crafts, music and food), the Bricktown Downtown Salute (music and food) and the deadCENTER Film Festival, make the neighborhood an energetic place.    Those seeking volunteer opportunities will appreciate that the Volunteer Center of Central Oklahoma is located downtown, and sports fans will enjoy watching three local sports teams.  There is no need for a car since the public bus system (Metro Transit) transports retirees around the area for a nominal fee.   

Downtown Oklahoma City also has an underground pedestrian tunnel system.  Built in 1931, it lets residents travel underneath the city and stay out of the cold during winter months.  There are even plans to open art galleries within the tunnels.  And a transportation mode not found in many major mid-western U.S. cities is the fleet of passenger water taxis zipping along the Bricktown Riverwalk, taking urbanites to restaurants and other downtown sites.  Docks for hailing water taxis are located along the waterway, and all-day tickets are $6 for those 65 and above ($7 for those under 65).

Downtown Oklahoma City, Oklahoma


View Larger Map

As noted previously, several housing developments are underway in the downtown area, and many will include retail space. The Lofts at Maywood Park (405-605-1000) will have units ranging from 578 square feet to 1,291 square feet and cost between $124,000 and $296,000.  The project is set for completion the summer of 2008, and presales are currently underway.  The Central Avenue Villas will have thirty one, two and three bedroom condominiums, including single- floor and multi-floor luxury penthouses.  Sizes range from 735 square feet to 2,800 square feet and are priced  from $175,000 to $500,000.  So it is possible to find housing in nearly all price ranges.  

There are obviously drawbacks to retiring to downtown.  There are no golf courses, and many downtown areas, including Providence and Oklahoma City, have higher than average crime rates.  Downtown Oklahoma City also currently has no grocery stores, although several are planned.  

But for anyone who is ready to ditch the car, meet new people and stay engaged in an eclectic, vital community, retirement in a healthy downtown is worth consideration.  It is an often-overlooked option, but it is one full of possibilities! 

Return to Page 1


Great Retirement Spots Newsletter is published weekly by Webwerxx, Inc.,  2770 S. Elmira St., #152, Denver, CO  80231. (303) 358-0512.  Copyright © 2006-2007.  All rights reserved.  No part of this electronic publication may be reproduced without the express written consent of Webwerxx, Inc.  All attempts were made to verify the accuracy of the information contained in this bulletin, but some information may have changed since publication. Webwerxx, Inc. cannot be held responsible for information that has changed since this publication appeared online.  Please contact us at staff@greatretirementspots.com if you have questions or comments.  To unsubscribe or change your subscription information, click here.


              Retirement Real Estate  55+ Communities  Active Adult Developments  Real Estate for Sale   Condos and Homes for Sale    Retirement Communities

     

          Scooters