Cumberland Court – new neighborhood within Nichols Hills

Heather Davis January 30, 2016

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We are excited to see this project come to fruition for Oklahoma City. We have watched this play out since 2006 and believe it will be a wonderful project. The current homes on Cumberland will start coming down next month (February) and lots will be available for purchase for custom build homes. A few highlights:

  • Neighborhood sits directly to the north of Nichols Hills Plaza offering wonderful convenience to shopping, eateries and the future Trader Joe’s Grocery store. 
  • 23 current homes total will quickly become 23 lots (demolition starts next month).
  • Access from Avondale only – Western entrance to Cumberland will be closed permanently. 
  • Range in size from 3200SF to 6500SF. 
  • Starting at $1.5 million
  • Contact Alan, Alee or myself if we can offer any more information on this exciting project. 
  • This project is not exclusively listed by a Realtor but Realtor representation is honored for Buyers.

From The Oklahoman:

Cumberland Court – new neighborhood within Nichols Hills

NICHOLS HILLS — A blighted street in Nichols Hills will give way to a tight enclave of million-dollar-plus homes after energy executive Tony Say tears down 23 ramshackle rent houses he owns on Cumberland Drive.

Say leads an investor group that will turn the long-neglected street just north of Nichols Hills Plaza into a neighborhood called Cumberland Court. The street, about 800 feet long, extends from N Western Avenue west to Avondale Drive.

Say said the small houses, most of them built in 1946 or 1947, will start coming down in February and that 23 lots will be offered for custom upscale homes by select builders who will follow set architectural standards.

“We’re not going to dictate to the owners what they can build,” he said, but it “has to be within a certain architectural style.”

Cumberland Court will offer residents concierge service for dry cleaning, dog-walking and other errands; sidewalk access to Nichols Hills Plaza; and other conveniences, Say said.

Entry will be from Avondale only; vehicle access to Western will be closed, but there will be a pedestrian gate, said Say, who is president of Clearwater Enterprises LLC.

“This exclusive development will offer residents an urban living experience, with the security of a private neighborhood and the convenience of sidewalk access to Nichols Hills Plaza and other Western Avenue businesses and restaurants,” he said. “We are looking forward to providing a high-end, exclusive urban living environment that is unique to the Oklahoma City metro area.

“It takes a street that has not been kept up for many years and turns it into a masterpiece.”

The energy executive acknowledged the questionable timing of starting an upscale neighborhood with crude oil prices depressed and the petroleum industry reeling.

“We’re going to forge ahead,” he said. “It makes sense to a lot of different people, from empty-nesters to people with families.”

Cumberland Court homes will range from 3,200 to 6,500 square feet and include the option for a center courtyard. Say said he expects the neighborhood to feature homes costing $1.5 million and above.

Garages will be behind the homes. Sidewalks will encourage residents to walk to take advantage of the neighborhood concierge and nearby businesses, Say said.

“We want our residents to have the ability to really customize their home to meet their needs,” Say said. “But we also want to maintain a sophisticated look and feel to the overall aesthetic of Cumberland Court to really create something special.”

Nichols Hills Mayor Peter Hoffman said city leaders and nearby residents are happy with plans for Cumberland Court, which Say developed with civil engineer Tim Johnson of Johnson & Associates and architect Bruce Bockus of Bockus Payne & Associates.

Hoffmann called it a “great team.” Say has encountered no opposition.

“It’s unbelievable. It’s a wonderful project. The city of Nichols Hills is pleased that Tony Say and his group are willing to devote so many resources, time and energy, as well as financial resources,” Hoffman said.

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Little room to grow

Cumberland Court is only the third neighborhood to be developed in a generation in Nichols Hills, where to build a house usually requires tearing something down, since the city of about 2 square miles is virtually built out.

The most recent was Glenbrook Park, on the north side of NW 63 between Grand Boulevard and N Pennsylvania Avenue, started in 2012.

Before that, the latest new neighborhood was a decade before, Grand Circle, on the southeast corner of Grand Boulevard and Greystone Avenue, just northwest of Oklahoma City Golf & Country Club on 15 acres formerly part of the Fred Jones family estate.

Say started buying property on Cumberland Drive on June 22, 2006, acquiring a now 70-year-old, 1,162-square-foot house for $140,000, county records show.

He acquired the last three houses, built in 1946 and 1947, on July 18, 2014; he said he paid $500,000 each for them; the county assessor’s website shows $750,000 was paid for each house, but Say said that is incorrect.

That means Say paid $6.459 million for the 23 houses, or an average of $280,826.

http://www.oklahoman.com/article/5475712?access=e89e86ee709e23e233f1d3ac5ff76f1d

 

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