development
|category1=Downtown
|category2=Office Buildiings
|category3=
|category4=
|
|project=
|address=400 W Sheridan
|status=Proposed
|owner=Rainey Williams
|cost=$100 million
|architect=ADG
|start=2015
|finish=2017
|contractor=
|height=14-16 stories
|sq. feet=
|acreage= 3.17
|other=New HQ for OG&E, possible hotel/residential
|
|image=http://www.okctalk.com/images/pete/stagecenterwiki1.jpg
|

Information & Latest News
6/17/14: Application submitted to design committee for demolition / construction fence.
1/17/13: Demolition approved (http://newsok.com/panel-clears-stage-center-demolition/article/3924627)
12/17/13: OG&E to anchor new development (http://newsok.com/oge-energy-corp.-to-anchor-new-tower-development/article/3915395)
7/25/13: Downtown OKC to get new tower (http://newsok.com/downtown-oklahoma-city-to-get-new-tower/article/3866102)
7/22/13: Sold for $4.275 million

We've heard from two reliable sources that:

A deal has been struck to sell the Stage Center site
It will close either this Friday 7/26 or next Monday 7/29
A press release will be issued by the new owners after the close
Interviews are being scheduled with the media

Links
County Assessor Record (http://www.oklahomacounty.org/assessor/Searches/AN-R.asp?ACCOUNTNO=R010018008)

Gallery

First to post! Score me

Trying to get more information on the timing of the official announcement, be it either tomorrow or Monday.

I would be surprised if this were announced in a Friday 5pm news dump, but OG+E may actually be trying to avoid too much publicity here, as the majority of people probably don't understand that they need office space and new facilities are very efficient (cost savings).

Exciting times to be an OKC native. Glad to be a part of it in my own way.

I've already got someone PM'g me telling me they don't need to buid a new tower.......uh, at least one 40 floors tall...

Friday was always the planned day but that may get pushed due to some complications.

In on first page

It was my understanding that the California easement was to be a part of the Stage Center Development. The graphic shows it as belonging to the Arts Council.

...and I wanted to be at least on the first page of this thread, lol.

In on first page

That's the only reason I'm posting. :)

Pete, you stated yesterday that renderings are likely with the announcement. Have you heard anything else about this? Will it just be a pretty picture, or will there be details of height/floors/cost?

It was my understanding that the California easement was to be a part of the Stage Center Development. The graphic shows it as belonging to the Arts Council.

...and I wanted to be at least on the first page of this thread, lol.

I like this a LOT! Keeps the possibility of the northern boulevard going all the way to the Myriad. (And I think I made first page too.)

Well Pete must be feeling awfully confident to go ahead and solidify the thread for this :)

It was my understanding that the California easement was to be a part of the Stage Center Development. The graphic shows it as belonging to the Arts Council.

...and I wanted to be at least on the first page of this thread, lol.

That was my understanding as well. I look forward to more clarification.

Pete, you stated yesterday that renderings are likely with the announcement. Have you heard anything else about this? Will it just be a pretty picture, or will there be details of height/floors/cost?

I haven't heard anything new since my one source provided the information about the Enogex/CenterPoint HQ not yet being decided and that renderings were likely.

All the rumblings from less reliable sources seem to confirm it's OG&E. Haven't heard anything about it being anyone but them.

Ah! Was hoping the announcement came early when I saw this thread.

I haven't heard anything new since my one source provided the information about the Enogex/CenterPoint HQ not yet being decided and that renderings were likely.

All the rumblings from less reliable sources seem to confirm it's OG&E. Haven't heard anything about it being anyone but them.

Watch it be.......MidFirst!! Just kidding.

Ah! Was hoping the announcement came early when I saw this thread.

Me too! Lol

Pete, you stated yesterday that renderings are likely with the announcement. Have you heard anything else about this? Will it just be a pretty picture, or will there be details of height/floors/cost?

I don't mind if it's just a pretty picture. :)

tomorrow will be interesting ..

Ah! Was hoping the announcement came early when I saw this thread.

Ditto!

I've already got someone PM'g me telling me they don't need to buid a new tower.......

I am sure OG&E has done a pretty thorough analysis of the PR effect of the expenditure. They obviously thought the resultant savings, etc. over the long run is more responsible and that any negative pr will be limited and of short duration.

It was my understanding that the California easement was to be a part of the Stage Center Development. The graphic shows it as belonging to the Arts Council.

...and I wanted to be at least on the first page of this thread, lol.

I updated the graphic in the article.

As you can see, the Stage Center site actually takes part of the California easement.

first page, boom. :)

There are definately a few crackpots on this board.......lol

I updated the graphic in the article.

As you can see, the Stage Center site actually takes part of the California easement.

The sound you hear is the wind being taken from my sail a little. It still might be possible to reach Myriad but less so I guess. But still glad the tower is going to be built - will be a great addition to OKC.

For all we know, the issue with the easement could have involved granting it back to the City.

As of now, it seems Stage Center seems to hold clear title to that portion, so maybe this was the issue that needed to be resolved.

Earlier somebody in the Mystery thread posted something a long the lines of it being 36 or 40 stories depending on the foot print they choose. I think the foot print they chose had to do with whether they were allowed to build on the easement or not.

This is exciting...

One thing we haven't really talked about is the possibility of the Preftakes block being directly tied into this somehow.

It could be a coincidence that they are insisting on tenants of One North Hudson be out no later than next April. Or, it could just be that with the Stage Center site being readied for development has spurred them to action.


But... Perhaps a parking structure will be built on the Preftakes block, right across the street from Stage Center at the same time One North Hudson is overhauled?


Steve has repeatedly referred to this as "a very complex real estate transaction" which begs the question: Exactly what is so complicated?

Perhaps the easement on California but considering the City owns the property directly adjacent and has ample power to do whatever is necessary here, it seems unlikely there was anything too convoluted about that.


Leads me to believe other properties may be involved and not necessarily the ones to the south.

So glad it is finally confirmed.

I am sticking with my prediction of 37 floors, 550' tall and 550,000 square feet.

And I am also glad I got in on the first page of what is sure to be a 200 page thread by the time of its completion...

Exciting times for OKC!

I thought it was neat to watch one skyscraper being built. Excited to do it again :)

Pete, we need to be thinking about where a construction cam is going to go. Someone's SW facing Devon office would be ideal, I think...

Bump.

News like this is incredibly exciting! I'm so ready for this announcement and hope it comes soon!

Pete, we need to be thinking about where a construction cam is going to go. Someone's SW facing Devon office would be ideal, I think...

I'm hoping to find someone working at Devon who will host it for us.

I'm sure we'll figure something out.

What? No rendering for this new thread?

Sheesh, if you want something done, you gotta do it yourself...

Ok, here you go:
http://dl.dropbox.com/s/bwmsesjlxg0jgod/OGE_new_tower_rend.jpg

:wink:

Someone said earlier that First Floor Retail better include a Del Rancho!! :D

When Devon was building their tower, they used the empty lot where the new elementary school is going for worker parking and equipment storage. Are there any properties nearby that could be used in a similar capacity? Maybe the future convention center space?

What if whoever is building this hotel decides to demolish the space south of Stage Center and use it as the staging zone and then develop that once the tower is completed?

EDIT: I'm now remembering Pete projected that the purchase being announced tomorrow or Monday will only involve the SC site, so that would rule out the above scenario.

*doing a happy dance*

Awesome!

When Devon was building their tower, they used the empty lot where the new elementary school is going for worker parking and equipment storage. Are there any properties nearby that could be used in a similar capacity? Maybe the future convention center space?

Yes, the convention center lots would make perfect sense, except it's slated to start construction in early 2016.

Once this project is announced, it will likely be almost a year before ground is broken then 2-3 years to finish construction. So, the earliest finish date would be around mid 2016 and probably later.

The Era of Good Feelings

And boom goes the dynamite!

I guess the trade off of having early knowledge of this is getting frustrated about every delay of the announcement. Funny to think that most in the OKC metro and probably even most of the downtown workforce have no idea this is about to be announced.

All you people bragging about being on page 1 are in for disappointment. I have this forum set to 5 posts per page, so you're really like page 7. :)

I'm still on page one then......

What? No rendering for this new thread?

Sheesh, if you want something done, you gotta do it yourself...

Ok, here you go:
http://dl.dropbox.com/s/bwmsesjlxg0jgod/OGE_new_tower_rend.jpg

:wink:

would you quit showing us your idea of a 700 ft tall Taupe colored building with windows only on the first floor! :)

First to post! Score meWell, I was the first to rate it, TAKE THAT!!! lol ;)

This is exciting...

What is exciting? Speculation? Has there been an official public announcement of anything?

What? No rendering for this new thread?

Sheesh, if you want something done, you gotta do it yourself...

Ok, here you go:
http://dl.dropbox.com/s/bwmsesjlxg0jgod/OGE_new_tower_rend.jpg

:wink:

This looks more like the AT&T HQ to me. It's a theme - empty windows on the first floor and a beige windowless nondescript building above.

:wink:

What is exciting? Speculation? Has there been an official public announcement of anything?

I think a tower is pretty much a done deal. Now there is a lot of speculation and wishful thinking on this board. A lot of people are hoping for a slam dunk scenario that will result in three towers and the MLP HQ here, a scenario I don't think is likely. However a new tower is still likely and that is very exciting news for OKC. It really is remarkable that a city the size of OKC will be getting its second major tower in a decade, all without being a media darling a-la-Austin. These towers are corporate too. In other cities, especially mid-sized markets, most skyscrapers built recently have been residential. That really says something about where OKC is economically.

What is exciting? Speculation? Has there been an official public announcement of anything?

Still doing this thing, huh?

I'm hoping to find someone working at Devon who will host it for us.

I'm sure we'll figure something out.


To help keep the peace at Devon, might be best to pick a cam that is wireless.

Pages - InvestorRelations (http://www.oge.com/investor-relations/Pages/InvestorRelations.aspx)

Contact: Brian Alford
(405) 553-3187
Financial: Todd Tidwell
(405) 553-3966
and

CenterPoint Energy, Inc. - Investor Contacts (http://investors.centerpointenergy.com/contactus.cfm)

CenterPoint Energy Investor Relations

Telephone (713) 207-6500

someone should call these offices tomorrow and bug them to put out the press release, since they are required to divulge any non public information.

SEC regulation FD ("Fair Disclosure") requires that if a company intentionally discloses material non-public information to one person, it must simultaneously disclose that information to the public at large. In the case of an unintentional disclosure of material non-public information to one person, the company must make a public disclosure "promptly."

OMG, It's a building boom...!!!

http://i278.photobucket.com/albums/kk92/gandjdunlap/NewTowerFun-6.jpg (http://s278.photobucket.com/user/gandjdunlap/media/NewTowerFun-6.jpg.html)

^
LIKE!! :cool:

I just have to ask though, whats the deal with substituting the BOK center for the Peake?

What is exciting? Speculation? Has there been an official public announcement of anything?

DC - even after the announcement, you'll say, 'but it's not built'........lol