Downtown development recap

[Hoss]

I couldn't remember if anyone'd mentioned it.

Are there any known plans for the old KOTV property in Blue Dome now that they're moving to the new location in Brady?

What I heard some of the staff say during the move is that it has been purchased, but they are not disclosing the name of the buyer.

[carltonplace]

This weekend downtown was packed with people all day Saturday and Sunday. It was so wierd, it felt like I was in some other city.

I went to Glacier Confections on Saturday afternoon and there was a line running out the door. Whiskey Business was also packed.

I think its time for additional retail in downtown.

[TheTed]

This weekend downtown was packed with people all day Saturday and Sunday. It was so wierd, it felt like I was in some other city.

I went to Glacier Confections on Saturday afternoon and there was a line running out the door. Whiskey Business was also packed.

I think its time for additional retail in downtown.

I thought the same thing Friday evening, about being in another city. People dining on the indoor/outdoor space at Laffa (after 9pm, no less), people walking everywhere, even in parts of downtown more than a block or two from bars/restaurants. It was great.

Glacier Confection is great. They've greatly expanded their hours since they first opened. They're open a whole bunch of evenings now.

[Townsend]

Report: Downtown properties bought since 1999 and sold since 2008 show increase in value



http://www.tulsaworld.com/news/article.aspx?subjectid=11&articleid=20130321_11_0_Poeteo389634

Properties bought in downtown Tulsa after 1999 but sold since 2008 increased in value a combined 70 percent, according to a report released Thursday.

The data, compiled by Tulsa-based Larsen Property Company, examined the sale prices of 30 properties that were bought after January 2000 and then sold at least once after the June 2008 announcement of ONEOK Field.

The most recent sales for each property totaled $42.8 million, or 70 percent more than their previous sales, according to the report. The average time between sales was 4.7 years, yielding an annual average increase in value of 14.5 percent.

The report adds that for the 15 downtown properties bought after 1999 and sold between the groundbreaking of the BOK Center in August 2005 and the announcement of ONEOK field, the cumulative sale prices increased 25 percent over the earlier sale.

The second sales for those properties occurred an average 3.1 years after the first, yielding an annual increase in value of 8.2 percent, according to the report.

The properties in both categories are spread throughout the inner dispersal loop, with concentrations in the in central and east areas of downtown.

The Larsen Property report says 18 construction projects valued at $353 million are ongoing downtown, with another eight projects valuing $160 million planned and six more projects proposed, valuing $40 million.

Eighteen projects valued at $157 million have been completed since the announcement of OKEOK Field, the report says.

"I am proud of the fact that construction on most of the 50 new projects are complete or underway despite the severe U.S. economic downturn a few years ago," Mayor Dewey Bartlett said in a statement released with the Larsen report. "People who want to live in Tulsa require a nice place to live, with close proximity to work and a place to meet friends. That is downtown Tulsa."

So I guess this means the ballpark assessment didn't kill everything.

Maybe the TDA is making it really hard to purchase/sell DT properties to help drive the increase.

[DolfanBob]

Boy if Tulsa has a bad side. That picture is it. 

[Townsend]

Boy if Tulsa has a bad side. That picture is it. 

Maybe they're attempting to show where the next solid round of development should go.

[TulsaRufnex]

Downtown Tulsa's soft underbelly?

[Ibanez]

Downtown Tulsa's soft underbelly?

More like its Kardashian sized assphalt parking lots......

[Townsend]

The dormant foliage and long shadows aren't helping.

[ZYX]

A much more flattering picture for an article about an improving downtown would have been from the north looking south in order to show the new development.

[Townsend]

A much more flattering picture for an article about an improving downtown would have been from the north looking south in order to show the new development.

The folks in Omaha probably don't know that.

[TheArtist]

 That is one of the startling things about our skyline, and highrise development around town in general.  Looks like we stopped growing in the 80's.   Just got back from Nashville and Franklin TN yesterday from doing a big project there.  Didn't get to go into downtown Nashville but driving between the two cities, all along the highway was new building after new building and of course Franklin (where my job actually was) was growing leaps and bounds.  Came back here and the difference was startling.  Even our new building downtown is dull and looks like something from the 80's?  I am all for "context sensitive" construction in certain areas, but come on lol. At least the Arena and City Hall add some new character downtown.

[TheArtist]

Oh, and here is a new video made by the Mayor and City Communications Dept.  that is supposed to be passed along. 

http://www.youtube.com/watch?v=tt8no0s5lSM&feature=youtube 

[heironymouspasparagus]

That is one of the startling things about our skyline, and highrise development around town in general.  Looks like we stopped growing in the 80's.   Just got back from Nashville and Franklin TN yesterday from doing a big project there.  Didn't get to go into downtown Nashville but driving between the two cities, all along the highway was new building after new building and of course Franklin (where my job actually was) was growing leaps and bounds.  Came back here and the difference was startling.  Even our new building downtown is dull and looks like something from the 80's?  I am all for "context sensitive" construction in certain areas, but come on lol. At least the Arena and City Hall add some new character downtown.

Franklin has become a new 'white flight' zone it appears.  Lots of development going on around that whole south of town area.  The new 840 loop really helped it a lot...you don't have to drive through Nashville and that interstate mess any more!!  (I have driven the road from Tulsa to Nashville/Knoxville area 5 times since Thanksgiving).  Just to the east is a Nissan car factory(Smyrna area) and is GM still making Equinox in Spring Hill??

That whole 840 corridor is just amazing at how fast stuff is going up!  I saw new things in February that weren't even started in November....

[TheArtist]

 Franklins downtown was amazing.  Bustling with young professionals and lots of boutique shops and restaurants.  Was talking to someone and from the sound of it the zoning requirements sounded stricter than even the Form Based codes we were/are trying to get in the Pearl District.  But you could definitely see how that kind of zoning can create an extremely desirable environment.  Course we see it work all over the country but can't seem to make any changes here. 

Btw, the reason I was there was because the company that I have worked for over the years here in Tulsa... moved there, and took a lot of their employees with them cause they liked the lifestyle there as well.