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Tower gets another face-lift
September 12, 2005
Just 2.5 years after the United Founders Tower underwent an extensive makeover, it will face another one under new owner Jim Meyer. The $30 million project should take two years to complete. As Founders Tower LLC, which he oversees as managing partner, Meyer bought the northwest Oklahoma City landmark - as well as 7.5 acres of land surrounding the 20-story building - for $4.6 million from Golan Management of Florida. Golan had acquired it in April 2002 for $3.2 million from Hebron Corp. of New Jersey, which had owned the tower since 1996.
"We have a couple of different opportunities that we're pursuing and we'll disclose the final plans within two weeks to a month," said Meyer, who is chairman, president and CEO of Bridgeport Holdings. Bridgeport Development Group, a division of Bridgeport Holdings, is the developer. "We want to refine and update the retro look as in fashion and other products."
"We want to maintain the same architecture, but everything except the frame of the building will be new," added Rick Brown of Richard R. Brown & Associates, the architect for the project.
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BRIDGEPORT DEVELOPMENT GROUP SWEEPS 2005 PARADE OF HOMES AWARDS
OKLAHOMA CITY - Bridgeport Development Group, LLC was recently honored with six awards in the 2005 Oklahoma City Parade of Homes. Bridgeport Development Group is the parent company of LivingstonMeyer Homes, Newhaven Homes and Brookside Homes. The awards, awarded by the Sales and Marketing Council of the Oklahoma Association of Home Builders, included Best Landscaping for Brookside Homes' community Bradford Place; Best Overall Design for Newhaven Homes' Gramercy Park community; Best Landscaping for Newhaven Homes' communities The Meadows at Surrey Hills and Sonoma Lake; Best Kitchen for Newhaven Homes' Sonoma Lake community; and Best Merchandising for homes over $250,000 for LivingstonMeyer Homes' Renaissance at Oak Tree Parke.
“We're very honored to have been recognized by our peers,” said Mark Livingston, President of Newhaven Homes. “We listen to our customers' input so that we know what people are looking for in a home, and it's gratifying to see that others appreciate the lengths we go to in making sure we're building the kind of quality homes that today's educated home buyer desires.”
Bridgeport Development Group, headed by CEO Jim Meyer, excels in land and project development by cultivating communities in the most desirable locations throughout the southwestern region of the United States. Bridgeport Development Group offers dynamic communities to a wide variety of consumers under three homebuilding groups: Brookside Homes, LivingstonMeyer Homes, and Newhaven Homes.
Bridgeport Development is one of the family of companies operated by Bridgeport Holdings, a multi-state diversified group having a variety of affiliated business ventures including real estate development, financial services, homebuilding, publishing and behavioral health services. With approximately 100 employees, a 400 percent growth from its 1998 inception, and $200 million in combined sales transactions, the company continues to successfully bring people and families together, making a better environment in which to live and work. For more information, contact Jim Meyer or Mark Livingston at 405.232.0016 or visit www.bridgeportholdings.com
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UNITED FOUNDERS TOWER BUILDING PURCHASED
OKLAHOMA CITY - One of the most recognizable landmarks on the Oklahoma City skyline has new ownership. The United Founders Tower and 7.5 acres of surrounding land were purchased by Founders Tower, LLC for $4.6 million dollars. The property, located at 5900 Mostellar Drive, includes Nikz at the Top and Queen Anne Cafeteria as anchor tenants. The closing at Lawyers Title was handled by Doug Fellrath for the buyer and by Patrick Mee for the seller. Escrow agent was Mary Gardner of Lawyers Title. Financing for the project was provided by Gold Bank; Bob Sullivan of NAI Sullivan Group brokered the transaction. Built in 1963, the distinctive round tower has 178,000 sq. ft. of space and dominates the north Oklahoma City skyline. Significant plans for renovation of the property are being finalized and should be announced within the next thirty days. Bridgeport Development Group will oversee the renovation, in conjunction with architect Rick Brown of Richard R. Brown and Associates
Bridgeport Development Group is a division of Bridgeport Holdings. With diverse businesses in construction, development, behavioral health services, publishing, commercial finance and educational webware, the company has operations in Oklahoma, Arizona, Colorado, Georgia and California. Founded in 1998, Bridgeport Holdings has been designated as one of the 50 fastest growing companies in Oklahoma. For more information, please contact Jim Meyer at (405) 232-0016 or visit www.bridgeportholdings.com.
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