Tulsa Development Authority

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The Tulsa Development Authority has invested years in the planning and implementation of new projects. From loft space to schools, the Tulsa Development Authority focuses on the preservation and development of all our communities.

STEPS FOR COMPLETING A PROPERTY SALE FOR REDEVELOPMENT

Step 1 – Interested Buyer will prepare a Letter of Intent (LOI) to Purchase to TDA indicating their desire to purchase and what they plan to do.

Step 2 – TDA will review the existing appraisal to determine if it has expired (appraisals are good for 6 months). TDA will order an updated appraisal, if necessary. It may take up to three weeks to receive the revised appraisal.

Step 3 – TDA prepares an Offer to Purchase (OTP).

Step 4 – Buyer reviews the Offer to Purchase, and if agreeable, pays an Earnest Deposit (5% of the purchase price) and returns signed OTP to the TDA office.

Step 5* – The Buyer’s LOI and OTP will be presented to the TDA Board.

Step 6* – If LOI and OTP are approved by the Board, TDA will prepare a Contract to be executed by the Buyer and TDA.

Step 7 – TDA orders an Abstract.

Step 8 – Buyer is given 30 days to examine the abstract and return with a Title Opinion. TDA has 90 days to correct any objections.

Step 9* – Building Specifications and Construction Plans are to be submitted to TDA from the Buyer within 90 days after the Contract is signed, for approval.

Step 10 – If approved, the Buyer will obtain a Building Permit from the City of Tulsa.

Step 11 – Buyer will schedule a closing when ready to pay the total purchase price of the land – TDA will provide a deed.

Step 12 – Construction should commence within 180 days after date of the Deed, delivered at closing and should be complete within 365 days.

Step 13 – Certificate of Completion will be provided promptly after receipt of a Certificate of Occupancy signed by the City of Tulsa.

Step 14 – Earnest Deposit will be returned to the Buyer.

Project is complete!

* = Resolution-
Buyer must attend TDA Board Meeting.

For a list of available TDA Properties, click here.

For a printable copy of the Steps for Completing a Property Sale, click here

Use the map below to select a Tulsa Development Authority property within the IDL.

The Meridia

522 South Boston Avenue, Tulsa, OK, USA

See Street View

The Edge

211 South Greenwood Avenue, Tulsa, OK, USA

See Street View

Hartford Building

110 S Hartford Ave, Tulsa, OK, United States

See Street View

Fire Station No.1

411 S Frankfort Ave, Tulsa, OK, United States

See Street View

120 Greenwood Village

215 E Archer St, Tulsa, OK 74103, USA

See Street View

One Place – Phase II, Hampton Inn

199 W 3rd St, Tulsa, OK 74103, USA

See Street View

The Flats on Archer

110 North Boston Avenue, Tulsa, OK, United States

See Street View

Detroit Lofts

107 N Detroit Ave, Tulsa, OK, United States

See Street View

The Metro at Brady Arts District

10 E Archer St, Tulsa, OK, United States

See Street View

One Place, Phase 1

201 South Denver Avenue, Tulsa, OK, United States

See Street View

Riverbend Gardens

611 West 11th Street, Tulsa, OK, United States

See Street View

Aloft Tulsa Downtown

200 Civic Center, Tulsa, OK, United States

See Street View

GreenArch Lofts

10 N Greenwood Ave, Tulsa, OK, United States

See Street View

100 Boulder

South Boulder Avenue, Tulsa, OK, United States

See Street View

Vandever Lofts

16 E 5th St, Tulsa, OK, United States

See Street View

Hogan Assessments

11 South Greenwood Avenue, Tulsa, OK, United States

See Street View

Lofts at the YMCA

515 S Denver Ave, Tulsa, OK, United States

See Street View

Urban8

South Greenwood Avenue, Tulsa, OK, United States

See Street View

East End Village

411 S Elgin Ave, Tulsa, OK 74120, USA

See Street View

Brady Streetscaping

112 S Elgin Ave, Tulsa, OK 74120, USA

See Street View

Jacob Lofts on First Street

310 E 1st St, Tulsa, OK, United States

See Street View
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Tulsa Development Authority
1216 North Lansing Avenue
Suite D
Tulsa, Oklahoma 74106

p: 918.592.4944
f: 918.592.4948

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