Tulsa's Petroleum Club Building Changes Hands to Kismet Stratton
The Price Family has sold the landmark 601 South Boulder property to Wichita-based Kismet Stratton Investments, which plans major renovations.
The Price Family has sold the historic Petroleum Club Building at 601 South Boulder in Tulsa, Oklahoma, to Wichita-based Kismet Stratton Investments LLC, the parties announced Sept. 28, 2026. The transaction transfers one of downtown Tulsa's recognized commercial landmarks to new ownership with an active redevelopment agenda.
Kismet Stratton Investments has outlined plans to reactivate the building's ground floor with a new restaurant, introduce a premium fitness club within the property, and restore the structure's street-level presence — changes aimed at drawing foot traffic back to the South Boulder corridor.
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The sale marks a generational shift for a building long associated with the Price Family, which had held the property through an era defined by Tulsa's oil and gas industry. The Petroleum Club itself carries symbolic weight in a city historically anchored to the energy sector, making the ownership transfer notable beyond its real estate dimensions.
Kismet Stratton's mixed-use vision — pairing food and beverage with wellness amenities — reflects a broader national trend of repositioning legacy commercial buildings in mid-sized downtowns. Whether the Wichita firm's redevelopment timeline and concept can revitalize the address remains to be seen as plans move toward execution.
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