Oklahoma City Developments, Real Estates and Updates

[Laramie]

  

                                  Pic via OKCTalk.com

Devon Energy Tower continues with replacement of windows that were damaged two years ago with the malfunctioning of a window washing basket.

Devon spokesperson Lisa Adams did not detail how many windows are left to be replaced.  "I don't have an end date for the work to be replaced, Adams said.  The window replacement process on this building is complicated and the work is done whenever the conditions are right and the work can be done safely."--Oklahoman, Thursday, May 6, 2021

[Laramie]

  

Oklahoma City's historic Colcord Hotel sold

   

Local developers Mark Beffort and Andy Burnett who previously teamed up a decade ago, co-developed West Village, a mix of apartments and retail along Film Row, and restored the 1910 Pioneer Building at 103 Dean A. McGee Avenue near Sandridge Tower.  Among the more recent noteworthy projects in their portfolio include Heartland Headquarters.  They purchased the unfinished Aloft Hotel (3111 Highland Park).

Interviewed by the Oklahoman, "We plan to continue the rich tradition that Colcord has established as the most iconic, boutique, full-service hotel in Oklahoma City," Beffort said. "Since it is in our backyard, we believe it is a strong addition to our portfolio of downtown OKC property."

Mark Beffort  is also the lead partner in the ownership of Leadership Square, City Place Tower, Oklahoma Tower and Corporate Tower.


 
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[Laramie]

 

Amazon is planning to open its first 4-Star store in Oklahoma at Classen Curve.



View & join the discussion  https://www.okctalk.com/showthread.php?t=46302&p=1166371#post1166371

 

[Laramie]

Aerospace industry producing $11.6 billion impact in Oklahoma City region


 

 

The $3.4 billion in direct labor income paid to workers in the aerospace sector likewise generates substantial ripple effects as the income is earned and recirculated within the regional economy. An additional $2.4 billion in labor income is earned by workers in other industries statewide, or a total earnings impact of $5.8 billion in the region.

Oklahoma City Velocity Link:  https://www.velocityokc.com/blog/economy/aerospace-industry-producing-11.6-billion-impact-in-oklahoma-city-region/


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[Laramie]

Oklahoma City's BancFirst Update via OKCTalk.com

 Ambitious $70 million project will impact skyline



Construction of BancFirst exterior glass on the north side


Work is being done silmataneously on the east and west sides



Glass is being installed on the lower south entry where the structure was reinforced



As pictured above, the crown will be the final piece to this project.

     View the discussion at OKCTalk.com  https://www.okctalk.com/showthread.php?t=19447&page=65&p=1166913#post1166913

[Laramie]

Oklahoma City's ever growing and expanding Wheeler District



This unique district nestled inside an old airport--brings the area new life.

What was once a hideout and haven for vagrants drinking themselves into a stupor; this once blighted area in now home to a community of families with an expanding source of amenities inside this 90 acre development.  The former Downtown Air Park now houses the once infamous Santa Monica Pier Ferris Wheel.  The Wheeler District offers security and
an organized neighborhood watch that bonds this miniature city inside a large city.

New Townhouses and Condos show an impressive new development


New charter school construction.



Big Friendly Brewery, provides an outlet to quince the neighborhood thirst.

The new mixed-use building is one of several exciting construction projects underway in the district.

[Laramie]

Oklahoma City Sales Tax Revenue Getting Back On Track . . .

Sales tax summary

General Fund sales tax collections for March were about $20.5 million. That's around $1.3 million (6.6%) above the projection and $870,000 (4.4%) above the same month last year.

General Fund sales tax revenue is about 4.9% (about $8.8 million) above the fiscal year-to-date projection and 3.3% (about $6.5 million) below this point last year.

Use tax summary

General Fund use tax collections, which typically fluctuate more than sales tax collections, were about $4.7 million for March. That's around $1.8 million (38%) above the projection and $1.7 million (36.5%) above the same month last year.

Oklahoma City's March sales and use tax summary:  https://www.okc.gov/Home/Components/News/News/3811/18

Good news for Oklahoma City's ambitious MAPS 4 $978 million initiative being collected over over eight years:

MAPS 4 includes 16 projects:

   Parks ($140 million)
   Youth Centers ($110 million)
   Senior Wellness Centers ($30 million)
   Mental Health and Addiction ($40 million)
   Family Justice Center operated by Palomar ($38 million)
   Transit ($87 million)
   Sidewalks, bike lanes, trails and streetlights ($87 million)
   Homelessness ($50 million)
   Chesapeake Energy Arena and related facilities ($115 million)
   Animal Shelter ($38 million)
   Fairgrounds Coliseum ($63 million)
   Diversion Hub ($17 million)
   Innovation District ($71 million)
   Freedom Center and Clara Luper Civil Rights Center ($25 million)
   Beautification ($30 million)
   Multipurpose Stadium ($37 million)

[Laramie]

Oklahoma City Skyline Pic via OKCTalk.com


More skyline pics - OKCTalk.com https://www.okctalk.com/showthread.php?t=31534&page=40&p=1168700#post1168700

[Laramie]

Oklahoma City mall gets sold for $6.5 million. Plans for the property to be revealed at a later date

Crossroads, the first multilevel regional mall in Oklahoma City, first opened in 1974 and is slightly bigger than the city's other large indoor shopping centers, Quail Springs and Penn Square Malls.



The property formerly known as Crossroads Mall and Plaza Mayor has been sold after years of uncertainty about the future of the indoor shopping center.

The 800,070-square-foot property consists of the in-line mall, and the former JC Penney and Dillard's spaces at 7000 Crossroads Bouleward.

Price Edwards handled the transaction, which saw Linn's Crossroads Plaza LLC pay $6.5 million to CRM Properties Group LLC for the once struggling mall, which sits on 60 acres of land near where Interstates 35 and 240 meet in southeast Oklahoma City.--Oklahoman, June 5, 2021



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[Laramie]

Former Sandridge Energy Headquarters to be renamed Strata Tower.


Oklahoman, June 10, 2021

      Link:   https://www.oklahoman.com/story/news/2021/06/10/former-sandridge-energy-headquarters-renamed-strata-tower/7619601002/



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[Laramie]

OKCTalk.com release Paycom expansion development

 
                                            Oklahoma City Paycom expansion

View the full development at OKCTalk.com:  https://www.okctalk.com/showthread.php?t=10035&page=16&p=1170049#post1170049

[Laramie]

Oklahoma City development update pics via OKCTalk.com


Parking Garage part of the First National's massive $275 million renovation


Bricktown Marriott Renaissance

[Laramie]

Oklahoma City Alley's End Affordable Housing Project

According to OKCTalk.com OCURA will vote tomorrow (Tuesday, June 16) to approve the final plans for this project.

Here are a few selected pics:

   

   

Phase 1 will have 168 total apartment units spread over two five-story buildings.  

Phase 2 will include the construction of another five-story building abutting 4th Street. It will incorporate 110 additional units. Phase 2 will also be a mixed-income development, with 70 affordable units and 40 market rate apartments. Additionally, more parking will likely be constructed to accommodate additional site parking needs.

View more pics at OKCTalk.com https://www.okctalk.com/showthread.php?t=38885&page=33&p=1170397#post1170397

[Laramie]

Oklahoma City Residences at Classen Curve

The Residences at Classen Curve will be a five-story multifamily project with 325 for-rent units and will be Hines' first multifamily project in Oklahoma. The project will be situated immediately adjacent to Whole Foods and Trader Joe's within a vibrant high-end lifestyle retail center. The Residences at Classen Curve will be the only Class A community in Oklahoma City with walkability to a grocery store, and it will also be walkable to over 15 restaurants and multiple fitness concepts.

Units will average roughly 900 square feet and the project will feature resort-style amenities including: a private fitness center, private amenity courtyards, pool, club room, coworking lounge, dog run, package facilities and significant bicycle storage to take advantage of adjacency to the Lake Hefner bike trail.

Construction on The Residences at Classen Curve is slated to begin in 2020 with occupancy in late 2021.--OKCTalk.com

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[Laramie]

Renovation has started on Bricktown's Old Spaghetti Factory






 

 

 

 
Pics via OKCTalk.com