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Tulsa multifamily developer acquires historic Philcade building for planned mixed-use overhaul

Art deco landmark set for $95 million conversion into hotel, apartments and retail
The 13-story Philcade building at 501 S. Boston Ave. in Tulsa is set for conversion into a mixed-use development. (CoStar)
The 13-story Philcade building at 501 S. Boston Ave. in Tulsa is set for conversion into a mixed-use development. (CoStar)
By Jillian Harris with
CoStar Research
July 15, 2026 | 5:49 P.M.

American Residential Group, a Tulsa-based multifamily developer, has purchased the Philcade building, a 304,452-square-foot, 13-story, art deco tower at 501 S. Boston Ave. in downtown Tulsa, Oklahoma.

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