Veritas Development is moving ahead on a few fronts in regard to OAK, the 20-acre mixed-use community coming to 5101 North Pennsylvania Avenue in Oklahoma City.  

A retail, residential and hospitality project is taking shape at OAK with the signing of three national tenants. RH, Arhaus and Capital Grille will be moving into the project once work starts early in 2023. OAK will also include a 132-key boutique hotel in partnership with Dallas-based Gatehouse Capital and 320 multifamily homes developed with Mintwood Real Estate. Veritas’s Ryan McNeill says things are taking shape, “With activated greenspace, miles of neighborhood-connected sidewalks, rooftop dining experiences, vibrant restaurant patios and unique storefronts, OAK will be a walkable destination unlike any other commercial development in Oklahoma.”

Veritas secured its construction loan from Bank OZK in September.  JLL Capital Markets sourced the financing and acted as advisor to the development team, led by Jeremy Sain.