Company senior vice president John Gilbert acknowledges there was a tough battle for the project, which will be situated on about 5.6 acres at 41st and Peoria. "We had to get that property rezoned, and it was a tough battle," he says.

The months-long fight between developer, city and land owner involved costs, building heights and land use. But the compromise was worth the hassle. "The site is in a very eclectic, neat part of town," Gilbert comments.

The project is being designed by Clerkley Watkins Group out of Houston, and will consist of one- and two-bedroom units. Pro forma rents will range from $850 to $2,000 per month.

Gilbert tells GlobeSt.com that Tulsa is the perfect location for Bomasada's preferred developments, which consist of high-density, multifamily developments in secondary and tertiary markets. Bomasada just completed its 260-unit Enclave at the Riverfront in North Little Rock, AR, which is currently on the market. "We're merchant builders and are typical MO is to sell everything, depending on the market conditions," Gilbert comments.

With the Tulsa project soon to be underway and the Little Rock Enclave shopped around to interested investors, Bomasada is turning its sights toward Oklahoma City for its next Enclave development. Though no land has exchanged hands yet, Gilbert says he's viewing one or two potential sites. Also under consideration is a site in Charleston, SC.