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$11 million public parking garage to be erected on Elgin Avenue
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$11 million public parking garage to be erected on Elgin Avenue

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More parking relief is headed downtown.

In conjunction with the six-story building Valley National Bank is erecting for its new executive offices, the bank is constructing an $11 million, 399-space public parking garage at 2 N. Elgin Ave., bank Senior Vice President Doug DeJarnette said.

The four-story parking garage will accommodate tenants and customers of the $33 million office building, also known as Block 44, as well as patrons of ONEOK Field, the soon-to-open Holiday Inn Express, and the Tulsa Arts and Blue Dome districts.

“I know parking has been a hot topic at the Tulsa Arts District meetings,” said DeJarnette, whose employer announced Monday that it will be renamed Vast Bank starting in March. “While the new Parkmobile app has been rolled out and well received, we can always use more parking density as we build out downtown.”

Parking for the building’s tenants will be included in their leases, he said.

The Elgin Avenue parking garage, which will be managed by American Parking and is scheduled to be completed in the fall, will contain 6,000 square feet of retail space fronting Elgin, he said. It will be located a half block south of Block 44, which is being constructed by Ross Group and is set to be finished in December.

“We initially were going to build our project there, but we shifted gears and were able to secure Block 44 through the TDA (Tulsa Development Authority),” DeJarnette said. “I do like the garage in that space because it draws in the Blue Dome District, as well as the Arts District.”

In the Vast Bank building will be a shared bank location and coffee lounge called Hummingbird Coffee + Beer at the southeast corner of Archer Street and Elgin Avenue.

The facility also will feature a community art wall that will rotate local artists on a monthly basis and serve as a draw for First Fridays.

“We wanted a lively and inviting atmosphere with shared meeting spaces where customers can have a private meeting or connect with friends over a good cup of coffee or lunch meeting,” DeJarnette wrote in an email.

Adjacent to the first-floor space will be grab-and-go sushi by In the Raw and a bar that opens to Elgin Avenue. The restaurant also will have a rooftop presence. The Vast building also will include 50 surface parking spaces.

Other tenants will include BKD CPAs & Advisors and Casillas Petroleum. A total of 8,700 square feet of space in the Vast Bank facility remains available for lease, DeJarnette said.

The bank’s new project is the third parking garage going up downtown.

Arvest Bank, 502 S. Main St., is building a four-story, roughly 180-spot parking garage at the southeast corner of Boulder Avenue and Fifth Street. Construction could be completed in July, Arvest President and CEO Kirk Hays said.

Just northeast of Arvest’s proposed garage is Price Family Properties’ $12.8 million parking facility and retail space that will house 500 parking spots for tenants of First Place Tower. It is expected to open soon.

Rhett Morgan

918-581-8395

rhett.morgan@tulsaworld.com

Twitter: @RhettMorganTW

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