Because the people who own think it is worth many times more what the rest of the world think it is worth. That is usually the case when a prime piece of land or building sits undeveloped or vacant for many, many years.

case in point: Bricktown (especially along the Canal)

I signed up for their email updates and got a reply stating that they should be breaking ground at Village Verde in two months. So it definitely sounds like it's going to happen and I'm excited to see what comes of it after several yrs of development. Sounds like a great option for suburban families who want a more urban lifestyle without being in the city.

There is nothing urban about Village Verde. Just because the developer calls it 'urban' doesn't make it so.

Look at the site plan on this link and identify the 'urban'.
http://www.gwssi.com/villageverdeokc/master.html

I see shopping centers with parking lots and segregated residential areas.

There is nothing urban about Village Verde. Just because the developer calls it 'urban' doesn't make it so.

Look at the site plan on this link and identify the 'urban'.
http://www.gwssi.com/villageverdeokc/master.html

I see shopping centers with parking lots and segregated residential areas.

*Cringe* Urban was definitely the wrong choice of words. It still has a very suburban layout, you are right. From their website, the live/work spaces look really interesting and definitely something the suburbs of Okc haven't seen yet. I really hope the retail along NW Exp has a main street feel to it, vs parking lots out in front. We'll see...but it's definitely one of the first developments of it's kind in Okc so I'm excited to see how it turns out.

But you're right, the master plans really don't look anything different from what we're used to seeing developers do around here. Something like Portland's Orenco Station would be much better.