Torchy's is MUCH better, IMHO.

Depends on what you're comparing. In some ways they're different animals.

Exclusive: Bass Pro teams up with Goldman for Cabela's bid - sources | Reuters (http://mobile.reuters.com/article/idUSKCN0XG1V0)

It looks like Bass Pro may be purchasing Cabela's. I wonder what it means for this location and/or the Bricktown location. Do you think they will keep both locations open?

I would think so. If Chisholm Creek develops as expected, I would expect that location to do pretty well. They will be both located in entertainment districts.

It just makes the argument about which is better Bass Pro or Cabela's a mute point because I'm sure Bass Pro will rebrand everything Bass Pro.

I would think so. If Chisholm Creek develops as expected, I would expect that location to do pretty well. They will be both located in entertainment districts.

It just makes the argument about which is better Bass Pro or Cabela's a mute point because I'm sure Bass Pro will rebrand everything Bass Pro.

Or even a moot point.

https://www.youtube.com/watch?v=KAyAp33MfLw

What? I can't hear you.

So they said on their instagram that the area around the lake should be completed in 2016. When are they getting started?

http://journalrecord.com/2016/05/23/chisholm-creek-starts-to-flow-real-estate/

http://journalrecord.com/2016/05/23/chisholm-creek-starts-to-flow-real-estate/

Chisholm Creek starts to flow: Development’s residential construction begins

By: Molly M. Fleming The Journal Record May 23, 2016

OKLAHOMA CITY – Construction has started on the first residential piece of the Chisholm Creek development. The 287-unit multifamily project will take about two years, said Gary Brooks, a developer on the project.

Brooks is working with Texas-based developer Charlie Nicholas, whose company, NE Construction, is also the general contractor.

Nicholas secured a $37.5 million loan through Love Funding, which acts as an underwriter to the U.S. Department of Housing and Urban Development Section 221(d)(4) loan insurance program.

In total, the project is expected to cost about $40 million.

This isn’t Brooks’ first time to work with HUD funding. He said he has never used a traditional bank loan because he can’t control the interest rate.

That’s not the case with a HUD 221(d)(4) loan. The program offers a 40-year fixed interest rate. Love Funding Senior Director Leonard A. Lucas said the rate is self-amortizing, meaning loan payments are divided evenly over 40 years.

Lucas said the HUD loan is a very attractive program to developers because of the fixed interest rate.

While Brooks is familiar with the program, he said Nicholas knows more about the funding source. It was Brooks’ work in Lawton with the HUD-financed Legend Park Apartments where he first met Nicholas, and soon realized he needed to work with him. Nicholas’ company was the general contractor on the Legend apartments.

“(Nicholas) was recommended to us from a friend of mine out of Texas,” he said. “Not only can (Nicholas) build apartments, but (his team members) are HUD experts. And he’s not only a general contractor, but he’s an owner. Having a general contractor that’s also an owner, and an expert in HUD, is probably someone I needed to get close to.”

In January, Nicholas and Brooks formed NE Management, which oversees both partners’ properties in Oklahoma and Texas. They have other projects in the works, including the renovation of the First National Center in downtown.

But they are not exclusive partners, as Nicholas is not involved in The Steelyard, and Brooks is not involved in The Maywood apartments.

Brooks said he’s excited about the location of their current project in Chisholm Creek. He said he’s lived in the area since 1980 and expects the Memorial corridor, especially near Pennsylvania Avenue and May Avenue, to be a hotbed of activity for many years. This is his first project in the area, though he has built in Edmond.

“(Chisholm Creek) is really a lifestyle development that needs and feeds off a lot of fun stuff going on around it,” he said. “There aren’t a ton of walkabout districts in the suburbs. I believe the developers could do what they’re trying to do, which is create a fun, walkable district in the suburbs of Oklahoma City. I knew it was an area we should be a part of.”

What kind of interest rate do they get? I'm not necessarily asking about this specific project, but these days with $25M - $50M residential developments, what's relatively standard in terms of interest rates?

What kind of interest rate do they get? I'm not necessarily asking about this specific project, but these days with $25M - $50M residential developments, what's relatively standard in terms of interest rates?

There will be different rates for construction and then perm. But construction would typically be a variable rate using LIBOR plus a spread (~200-400). Perm could either be variable or fixed plus a spread of the same. Short answer would be 3.00 - 5.00% from what we have seen.

There will be different rates for construction and then perm. But construction would typically be a variable rate using LIBOR plus a spread (~200-400). Perm could either be variable or fixed plus a spread of the same. Short answer would be 3.00 - 5.00% from what we have seen.

Sounds about right. Depends on if they are using T-bills, LIBOR, I could almost guarantee they are not using WSP or NYP.

Sounds about right. Depends on if they are using T-bills, LIBOR, I could almost guarantee they are not using WSP or NYP.

Right, there's obviously a lot of factors that go into the rate. Different borrowers have different preferences for their index, but the spread will typically get you back to the same rate regardless.

This development is really starting to take off. I feel Alamo Draft House, Cost Plus World Market, Whole Foods, and Crate &Barrel would be destination retailers and entertainment choices that would be a good solid fit.

From last night.

The developer is starting to turn space over to tenants, and soon Republic, Fuzzy,s, Sidecar and Yokozuna will all start construction on their space.

http://www.okctalk.com/images/pete/chisholm052516.jpg

From last night.

The developer is starting to turn space over to tenants, and soon Republic, Fuzzy,s, Sidecar and Yokozuna will all start construction on their space.

http://www.okctalk.com/images/pete/chisholm052516.jpg

So, how long would you think it will take for them to open their doors?

^

A 60-120 days I'd say.

I noticed them working on their spaces for a couple of weeks now. Fuzzy's will probably be opening first by the looks of things. They have a good amount of their interior walls up.

This area is really starting to come together. I've been up there a couple times and really like it, just kind of a shame it's so far away. Maybe once they expand the Kilpatrick to Council it will make it at least a little easier for me.

I think the architectural aesthetic looks good now, but not sure how it's going to hold up over time. I kind of wish they had done something just a little more classic.

Looks super sharp in person.

Very different than anything else in OKC, and I"m sure that was largely the idea.

I keep hearing that a Torchy's Tacos will be coming here, yet have never read anything confirming.

This place has filled the void I was hoping Tuscana would fill. Glad we finally have something like this in OKC and it will only get better.

Looks super sharp in person.

Very different than anything else in OKC, and I"m sure that was largely the idea.

It looks super sharp even in the photo, but not sure it will look super sharp in 20 years, but rather might look dated...in a bad way. I could be wrong.

It looks super sharp even in the photo, but not sure it will look super sharp in 20 years, but rather might look dated...in a bad way. I could be wrong.

If that's the case, they could just clean up the facade in 20 years, right? Retail centers that want to stay relevant seem to do this quite often.

Considering OKC's commercial and retail landscape is already made up almost exclusively of neotraditional stock, I think having some variety is pretty refreshing.

I think the architectural aesthetic looks good now, but not sure how it's going to hold up over time. I kind of wish they had done something just a little more classic.

If they used quality mateirals and construction techniques, and they maintain the structure, the aesthetic may not always be the most appealing, but it will never feel "washed up". Sandridge's tower is pretty standard brutalism and while it's probably nobody's favorite building downtown, outside of a few brutalism fanatics, I don't think anybody looks at it and thinks "That hasn't aged well"

This area is really starting to come together. I've been up there a couple times and really like it, just kind of a shame it's so far away. Maybe once they expand the Kilpatrick to Council it will make it at least a little easier for me.

Kilpatrick Turnpike runs right past Council.

Kilpatrick Turnpike runs right past Council.

Maybe he meant the extension they are building?

Maybe he meant the extension they are building?

Correct, I live South of the airport.

Well taking the turnpike will still be out of the way. Going the way of airport road is still the quickest.

Well taking the turnpike will still be out of the way. Going the way of airport road is still the quickest.

Depending on the time of day, the extra few miles might not matter. I44 can sure slow you down real quick.

http://journalrecord.com/2016/06/29/the-hole-is-the-goal-for-new-chisolm-creek-project-real-estate/?ep=1

The hole is the goal for new Chisolm Creek project

By: Brian Brus The Journal Record June 29, 2016

OKLAHOMA CITY – Sometimes a hole is the goal.

That’s the case with construction slated at NW 122nd Street and Pennsylvania Avenue, a 78-acre tract that would be perfect for a park or commercial development, except that it’s just not deep or wide enough. Engineers and planners at City Hall recently concluded the Chisholm Creek shopping area lacks enough drainage to divert heavy rain flooding before overwhelming the water utilities system.

So a request for bids was posted. T.J. Campbell Construction Co. in Oklahoma City won the pit-digging contract at about $7.2 million. Vice President Don Dorn said his company is responsible for digging a lot of big holes around the city, primarily residential properties such as the Iron Horse Ranch in Edmond or golf and country clubs like the Fairfax, also in Edmond.

Golf club jobs end up indistinguishable from landscaped hazards, and most neighborhood designs try to make the space look as natural as possible. Their purpose is largely the same: holding some of the runoff indefinitely or holding it temporarily – the former is a retention pond, the latter a detention pond.

City ordinances written in 1980 require that X amount of new surface construction be balanced by Y amount of rain detention space, Assistant City Engineer Debbie Miller said. The equation is not simple, however, because the natural earth absorbs water at different rates depending on vegetation and type of dirt or rock. Extensive environmental studies determine how to bring the new drainage rate up to par with pre-developed land. Excess capacity may be applied to later development.

City Hall is responsible for the costly research. In this case, Terracon Consultants Inc. was hired as the testing laboratory.

Dorn said his company just has to hollow out the ground and make it look nice with sod. Campbell is primarily a paving company, but grading operations typically require moving a lot of dirt, so it made sense to try hole-digging as well. Campbell beat out six other companies for the Chisholm Creek project.

Dorn estimated his company will have to haul away about 1 million yards of dirt from the hole. But the contract gives the company ownership rights to what’s removed, and Campbell already had another project in mind for the material when the company placed its bid. He would not discuss details on the private development nearby.

Miller said the hole will be large enough to fit six to 10 soccer fields. The city owns the property and will be able to use it for double duty: a recreation park when dry and a detention pond during stormy weather.

Dorn estimated his company will have to haul away about 1 million yards of dirt from the hole. But the contract gives the company ownership rights to what’s removed, and Campbell already had another project in mind for the material when the company placed its bid. He would not discuss details on the private development nearby.

Miller said the hole will be large enough to fit six to 10 soccer fields.

Conspiracy Theory time for us soccer fans ;)

So what's this giant hole going to be used for?

So what's this giant hole going to be used for?

From the sound of things holding soccer fans for runoff.

I mean, it seems strange, but I don't know enough about soccer to say otherwise.

South of I-240 on Western is a drainage control hole where about 8 to 10 soccer fields are in use. It's a great use for the drainage system, which might over flow to the fields only a few times a year.

Wow, Fuzzy's Tacos is almost ready to open.

The others -- Republic, Sidecar and Yokozuna -- are just getting started with their interior build-outs.



http://www.okctalk.com/images/pete/fuzzys070716a.jpg


http://www.okctalk.com/images/pete/fuzzys070716b.jpg

Not sure what happened but they had their frontage along memorial looking good with green grass and landscaping. But now all the grass is dead and weeds are a foot tall. Doesn't look good on their upkeep part.

Cant wait for Yokozuna

Not sure what happened but they had their frontage along memorial looking good with green grass and landscaping. But now all the grass is dead and weeds are a foot tall. Doesn't look good on their upkeep part.

They planted fescue and didn't watered it enough. Should have planted bermuda.

Fuzzy's opens August 1st.

I'm going to a soft opening at Fuzzy's on Tuesday.

They will kill it out there, I'm sure.

I am sure it will happen in due time, but I really wish the development would at least make an attempt with landscaping or at least grass out there. I haven't driven through there in a month or so, so maybe it is better around Tract 30 now, but still ugly next to Top Golf and in the dead space between Cabelas and Tract 30.

I'm going to a soft opening at Fuzzy's on Tuesday.

They will kill it out there, I'm sure.

Is it a private event?

Is it a private event?

Yes.

Got to attend a soft opening tonight at Fuzzy's. Place looks great and the free food made it even better!

^When the Stillwater Fuzzy's was first opening they had a week of soft opening in the summer. Worst/best week ever.

Went on Tuesday and was really impressed with the space.

The food was typically good and in addition to the patio in front facing south, they also have this great covered patio to the west which will help in the warm months.

http://www.okctalk.com/images/pete/fuzzy072516.jpg

What a great looking development!

Any idea as to what will be built next. I have yet to do anything at Chisholm Creek, but I'm anxious to watch it evolve

Went to the opening today. Really liked the layout compared to the others i've been too.

Got there at 11 to avoid rush and it wasn't nearly as busy as i expected it to be. but everything ran smoothly and seemed like they had everything under control.

http://www.news9.com/story/32593682/nw-okc-development-chisholm-creek-continues-to-grow

BTW, the more recent reports and renderings seem to indicate a hotel rather than a movie theater at the end of the small lake on the north end of this project.

BTW, the more recent reports and renderings seem to indicate a hotel rather than a movie theater at the end of the small lake on the north end of this project.

The alcohol laws for theatres like Alamo Drafthouse need to change before any of these concepts come here. It was supposed to be on the November ballot, but has been pushed until at least the spring session.

The alcohol laws for theatres like Alamo Drafthouse need to change before any of these concepts come here. It was supposed to be on the November ballot, but has been pushed until at least the spring session.

Huh? What laws are you talking about?

Huh? What laws are you talking about?

I need to learn about the specifics, someone on here might know more than I do. All I do know is that currently theatres like Warren are 21+ for the balcony, director suites, etc. where they serve alcohol. To be able to serve in all areas of the theatre, some laws need to change (again, not sure on the specifics). Until this changes, these theatres have been hesitant on coming here.

I need to learn about the specifics, someone on here might know more than I do. All I do know is that currently theatres like Warren are 21+ for the balcony, director suites, etc. where they serve alcohol. To be able to serve in all areas of the theatre, some laws need to change (again, not sure on the specifics).

I don't believe there's any limitation. I'm pretty sure that's a business decision. As for a ballot, the only proposed liquor changes are set to be on the ballot in November sq 792. I don't know of anything that's been pushed back to the spring.

I don't believe there's any limitation. I'm pretty sure that's a business decision. As for a ballot, the only proposed liquor changes are set to be on the ballot in November sq 792. I don't know of anything that's been pushed back to the spring.

I don't believe that's the case. Theatres are unable to serve beer or alcohol in an auditorium unless the theatre (or controlled balcony) is 21+. It is being lobbied to have all theatre space treated like a restaurant space where you can go with a family, and drink if you are 21+. It is not going to be up for vote in November, but hopeful to be in spring.

SQ792 is on the November ballot. SQ791, the RLAO version of 792, isn't on the ballot until it can get enough signatures.