i wonder if any have been sold? just did a quick search on realtor.com and see there are still 10 units available.

Construction fence is up.

http://www.okctalk.com/images/pete/broadwaycondos111217.jpg

Work has started:

http://www.okctalk.com/images/pete/broadwaycondos011518.jpg

Great to see.

GREAT infill project. Hope this is extremely successful and we get tens of tens more; with the newer ones having ground floor retail (perhaps some underground or 2nd floor parking) and 4-8 floors of urban residential all in a nice, small footprint of a former parking lot or un/underused structure.

yes, Great to see!

Great news. Broadway will be an absolute mess for the foreseeable future. But all good things to come.

It's not really the price that would make them difficult to sell. There are lots of houses in OKC that sell in that price range. It will be interesting to see if people are interested in the square footage for the price. They will need to be extremely upscale, in terms of finishes, I would think.

I think they will have the same issue selling these as Richard McCown initially had on his 4th and Lee project where he didn't think the comparables will be there for resale. Think about the highest priced properties within a few miles. The Hill, Block 42, The Brownstones, Maywood Lofts, I don't think of them come close to this. That doesn't mean they won't be sold for that amount, but it will be hard on the end user to find the financing.

Here is the full list of prices:

Unit Price SQFT $/SQFT
201 $948,600 2,191 $433
202 $671,200 1,606 $418
203 $702,800 1,686 $417
204 $915,875 2,091 $438
301 $1,570,450 3,142 $500
302 $778,950 1,657 $470
303 $1,393,890 2,807 $497
401 $1,586,475 3,142 $505
402 $796,260 1,657 $481
403 $1,408,260 2,807 $502

http://www.wendychong.com/featured-properties

If they have a 374 square foot unit I could probably afford to buy in.

Yeah I could totally afford a broom closet there.

All have been on the market for 277 days. None sold or pending.

http://www.okctalk.com/images/pete/broadwaycondos021118.jpg

All have been on the market for 277 days. None sold or pending.

My guess is they wouldn't be progressing without some indications of interest. Pretty sure they will be sold out by opening or closely thereafter.

Change of plans. This will now be commercial office space.

http://m.newsok.com/article/5588524?utm_source=NewsOK.com&utm_medium=Social&utm_campaign=ShareBar-Twitter

Yeah, I noticed they had stopped construction.

I'm sure they couldn't get anyone to buy at those prices, which isn't surprising.

That sucks.

Market just isn’t there for that kind of $

Office space isn't as sexy as residential, but at least it won't be an empty lot on a high profile corner.

The market is there, to an extent, but Oklahoman's are generally pretty smart about not overpaying for homes. I knew this wasn't going to end up well when not one had been presold.

As with everything Preftakes-related, there is guaranteed to be more to this story that will never see the light of day.

Lets hope there will be ground floor retail space. I wonder if this change has to do with the announcement of the hotel across the street. Maybe he's afraid of views being blocked eventually.

If he had buyers for a few units, why not leave top two floors or so residential above office?

I did wonder how they were going to sell 450/sf condos when there are many good options much less than that.

I doubt he had those units sold, he might have just been trying to drum up interest by the perception that they are selling. Nothing is a worse advertisement than a product no one is buying.

If he had buyers for a few units, why not leave top two floors or so residential above office?

I did wonder how they were going to sell 450/sf condos when there are many good options much less than that.
This is what I was wondering. If he had a few units sold, why not make the building taller and add two floors of housing above the office component? Something about 7-8 stories, with the top two residential, ground floor retail, and the rest office?

I doubt he had those units sold, he might have just been trying to drum up interest by the perception that they are selling. Nothing is a worse advertisement than a product no one is buying.

And what typically happens is they get people to put down small, fully-refundable deposits which is really not any sort of binding commitment.

WHAT? People in OKC don't want to pay 3/4 million and up for a condo? No effing way!

Sorry but $750k should get you a 30th floor penthouse in OKC. Not putting anything or anyone down but thats the level of housing prices there. $750k can get you a pretty darn nice hi-rise in Denver where housing prices are far higher.

$750K was the starting point.


Here were the listing prices (from earlier in this thread):

Unit Price SQFT $/SQFT
201 $948,600 2,191 $433
202 $671,200 1,606 $418
203 $702,800 1,686 $417
204 $915,875 2,091 $438
301 $1,570,450 3,142 $500
302 $778,950 1,657 $470
303 $1,393,890 2,807 $497
401 $1,586,475 3,142 $505
402 $796,260 1,657 $481
403 $1,408,260 2,807 $502

$750K was the starting point.


Here were the listing prices (from earlier in this thread):

Unit Price SQFT $/SQFT
201 $948,600 2,191 $433
202 $671,200 1,606 $418
203 $702,800 1,686 $417
204 $915,875 2,091 $438
301 $1,570,450 3,142 $500
302 $778,950 1,657 $470
303 $1,393,890 2,807 $497
401 $1,586,475 3,142 $505
402 $796,260 1,657 $481
403 $1,408,260 2,807 $502

There’s just not enough stuff to do in that area for a 750 to 1.5. Especially when you could buy a house a mile away in heritage hills retain a lot of the same benefits, but not lose the yard and space.

Sorry but $750k should get you a 30th floor penthouse in OKC. Not putting anything or anyone down but thats the level of housing prices there. $750k can get you a pretty darn nice hi-rise in Denver where housing prices are far higher.

Exactly!!! I was just in San Diego and we looked at housing prices just for kicks. $750,000 in San Diego gets you a 2 bedroom/2 bath condo with a balcony over-looking San Diego Bay. If I had $750,000 to drop on a condo, I would much rather spend it overlooking San Diego Bay, than overlooking Auto-Alley Bay, lol.

Exactly!!! I was just in San Diego and we looked at housing prices just for kicks. $750,000 in San Diego gets you a 2 bedroom/2 bath condo with a balcony over-looking San Diego Bay. If I had $750,000 to drop on a condo, I would much rather spend it overlooking San Diego Bay, than overlooking Auto-Alley Bay, lol.


I like backing my opinionated post with evidence... https://www.zillow.com/homes/for_sale/house,condo,townhouse_type/60281734_zpid/2-_beds/1-_baths/0-800000_price/0-3145_mp/globalrelevanceex_sort/32.715025,-117.157656,32.705655,-117.172226_rect/15_zm/0_mmm/

Sorry but $750k should get you a 30th floor penthouse in OKC. Not putting anything or anyone down but thats the level of housing prices there. $750k can get you a pretty darn nice hi-rise in Denver where housing prices are far higher.

This.

Those prices just aren't realistic for this market. Cut them in half and they probably would sell.

This.

Those prices just aren't realistic for this market. Cut them in half and they probably would sell.

Look no further than 701 N Hudson. 4 of 11 are pending. All are in the ~$375/ft range, except for the penthouse, which is an astounding $650/ft!

^

Plus, Brent Swift of 701 Hudson already has a great track record when it comes to homes which makes it much easier to visualize his project and particularly the interiors.

Even if these projects were the same price per SF, I'd strongly lead to 701 Hudson for this reason.

Look no further than 701 N Hudson. 4 of 11 are pending. All are in the ~$375/ft range, except for the penthouse, which is an astounding $650/ft!

4 of 11 pending as in 7 are still available or 7 have sold?

7 are still available according to the MLS

Did this project fall through? All signage along the fences has been taken down. However, the website is still up and running.

Did this project fall through? All signage along the fences has been taken down. However, the website is still up and running.

They have said it will now be offices instead of condos so residential project is now dead.

They have yet to file any new documents for the new plan, and they'll required to do so for design review.

This property has been sold to Jonathan Russell for $950K.

He owns property all around there but other than The Rise, he tends to buy, hold and flip rather than develop, so who knows what will end up going here.

Are they going to at least re-pave it for parking? Good thing nothing got torn down for this.....

This property was recently sold and in a full-circle move will once again become a parking lot.

HTTP://www.okctalk.com/images/pete/700nbroadway021424a.jpg

I am absolutely IN LOVE with this!

Incredible.

Beautiful use of grass and concrete. You love to see it.

The new owners also bought 708 N. Broadway, to the north:

HTTP://www.okctalk.com/images/pete/708nbroadway021424a.jpg

I am absolutely IN LOVE with this!

This needs a 24/7 construction cam.

This is what scares me. Private developments seem to struggle in OKC. Imagine having to build a couple larger hotels for the Olympics. Or other private development for an event like that.

OKC has had quite a few large projects go from chicken salad to chicken you know what.

This needs a 24/7 construction cam.

We need Pete to provide some aerial drone footage as well! To truly get a scope of the density of this project.

This is what scares me. Private developments seem to struggle in OKC. Imagine having to build a couple larger hotels for the Olympics. Or other private development for an event like that.

OKC has had quite a few large projects go from chicken salad to chicken you know what.

Which happens in every other city. We just here about the ones in OKC because we are on this site. If there were an OKC Talk for Dallas, Houston, Atlanta etc. people on those sites would know of the many projects that do not happen just like we do.

Private development does just fine here. See OAK, Okana, Chisholm Creek, Midtown, Plaza District, and many, many more. There is construction everywhere and much, much more to come.

All this to say, I wonder how this will get approved. Seems like it would violate the Automobile Alley design standards.

Bummer, this was a nice looking project. I guess it could still happen in the future with parking as a temporary revenue generator.

This is what scares me. Private developments seem to struggle in OKC. Imagine having to build a couple larger hotels for the Olympics. Or other private development for an event like that.

OKC has had quite a few large projects go from chicken salad to chicken you know what.

Welcome back chssooner.

Which happens in every other city. We just here about the ones in OKC because we are on this site. If there were an OKC Talk for Dallas, Houston, Atlanta etc. people on those sites would know of the many projects that do not happen just like we do.

Private development does just fine here. See OAK, Okana, Chisholm Creek, Midtown, Plaza District, and many, many more. There is construction everywhere and much, much more to come.

All this to say, I wonder how this will get approved. Seems like it would violate the Automobile Alley design standards.

We shall see. I agree with others that a couple Olympics events will be here. Just want OKC to be thriving by then, and momentum on display for all to see. Seeing things like this, Boardwalk at Bricktown, Boulevard Place, etc. scare me when it comes to needing private developers to step up and be forward-thinking when it comes to an event of that magnitude.

This is a classic. I really hope this isn't approved even though I am so sick of this 7-year standing construction fence.

We need Pete to provide some aerial drone footage as well! To truly get a scope of the density of this project.

When they start laying those curb cut... OOOOOO Boy....

For sure curious if they pony up and do concrete parking lot, the durability just can't be topped.

I wonder if they've secured financing yet. Anyone can have an architect whip up some sweet drawings, but a project is never 'real' until you have financing.

I wonder if they've secured financing yet. Anyone can have an architect whip up some sweet drawings, but a project is never 'real' until you have financing.

Or photo realistic renderings. This isn’t a project without renderings!!