The Tulsa Authority for Economic Opportunity has approved a purchase and sale agreement with WPA Development Partners LLC to redevelop an acre of land along Cameron Street between Boulder Avenue and Main Street. Pivot Project, affiliated with WPA, has also entered into a long-term lease with Interak Corp., linked to Sharp Development, to develop the neighboring property. These projects collectively bring 2.2 acres of dormant land in Tulsa's Arts District to life with significant developments.

The plans include a four-story, 85,000-square-foot multipurpose building with office, retail, entertainment spaces, and a parking garage on the TAEO site, while the northern property will house a boutique hotel, retail space, and single-family residence. Jonathan Dodson, CEO of Pivot Project, fondly recalls trips to Tulsa as a child and sees this development as a way to revitalize and enliven the area around Main Street. This mixed-use development aims to create a walkable, dense block that enhances the neighborhood's appeal and utility.

Pivot Project initially planned a $40 million development for the TAEO site, but pandemic-related cost increases pushed the project to $60 million. By partnering with a large capital investor, the new development's investment will exceed $100 million. Construction must start within 24 months of the sale closing, which Dodson expects in the next few months. Completion of the project is anticipated to take about three and a half to four years.

Casey Stowe, Partner Tulsa's Senior VP for finance and real estate, believes the larger project will transform underutilized lots into valuable neighborhood assets. Mayor G.T. Bynum emphasized the importance of downtown growth for community vitality, thanking Pivot Project for enhancing housing and hotel space in downtown Tulsa. Brian Elliott of Sharp Development also supports the efforts to revitalize North Main Street.