22 July 2004
Richard Tanenbaum wants you to live downtown.
Seriously. A year ago, he bought the mostly-vacant Montgomery Ward building at Main and Walker, a classic Art Deco structure on the National Register of Historic Places, and started the process of turning it into "The Montgomery," featuring about five dozen upscale apartments with a restaurant and a gallery downstairs.
This spring, Tanenbaum bought the former Citizens Tower at 21st and Classen; this week, the Oklahoma City Council approved rezoning the Tower, which will be renamed "The Classen" and divided into about 100 condos in the $130k range. It's not actually downtown, but it's very close two miles to the business district, two and a half to Bricktown and the view, says Tanenbaum, should be spectacular.
The plan for The Classen varies somewhat from initial speculation, which called for fewer but larger residences. Tanenbaum expects to have units for sale by next spring.