Nice renovation being planned:

http://www.okctalk.com/images/pete/217nharvey1.jpg


http://www.okctalk.com/images/pete/217nharvey2.jpg


http://www.okctalk.com/images/pete/217nharvey3.jpg


http://www.okctalk.com/images/pete/217nharvey5.jpg


http://www.okctalk.com/images/pete/217nharvey6.jpg


http://www.okctalk.com/images/pete/217nharvey7.jpg

Amazing news!

Love this. Restoring the original brick!

This is good and welcome news and a nice break from the new parking garage announcements...

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this is great news. The existing stone cladding used to cover the old storefronts makes the bottom look so heavy and cumbersome that the entire building currently looks flipped on its head.

It's currently really awful at street level with the closed-off ground floor.

Next on my list is for both OG&E and ONG to renovate and open up their ground floors to retail. Harvey needs some serious life injection (during normal times obvs) and these things (along with this new restoration) could help...

It's amazing to think trillions have been spent just trying to undo "modernization" of buildings, rail networks, etc.

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Love that little entry! Might they include that?

This is great. I've wished for this so many times walking by that building with its terrible "modernization".

http://www.okctalk.com/images/pete/investorscapital071220a.jpg


http://www.okctalk.com/images/pete/investorscapital071220b.jpg

This is awesome.

Pete, this is along my daily commute and that part of the wall just fell off of the building a couple months ago, I believe right before they announced the renovation. Are you sure they’re beginning the renovation?

Pete, this is along my daily commute and that part of the wall just fell off of the building a couple months ago, I believe right before they announced the renovation. Are you sure they’re beginning the renovation?

There are two sections where the brick has been exposed. I don't think both of them just fell off at the same time and in the exact same places on two sides of the building with the same exact amount of cladding coming off.

They are currently bidding out the exterior renovation.

Cool thanks. Glad to see this moving forward will be a big improvement.

It's been like this for at least weeks, I go by this often. Just saying.

It's been like this for at least weeks, I go by this often. Just saying.

They took the cladding down to get a better look at the brick behind it so they could in turn get accurate renovation bids.

There are two sections where the brick has been exposed. I don't think both of them just fell off at the same time and in the exact same places on two sides of the building with the same exact amount of cladding coming off.

They are currently bidding out the exterior renovation.

They didn’t come down at same time. Just FYI

The part on northside has been off for some time now

The point is that they have removed cladding in order to get construction bids and start renovation.

would LOVE for Oklahoma County to rebuild their building too. A nice 15 floor highrise in the existing footprint would be amazing.

https://twitter.com/OKC_SPAN/status/1298629102644207621


So money is being transferred from reserves in the amount of $1,982,200 for the work that will be done on the Investors Capital Building.

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Do you find these on the OK Historical Society page?

https://twitter.com/OKC_SPAN/status/1447939368849653764

This project is getting $5 million in TIF.

That's a lot of TIF money for a building that probably doesn't generate much tax money, but it's also a 113 year old building and I love seeing it restored so I'm not going to complain particularly much.

I believe part of the money will go to the neighboring county building; $2 million for elevators.

seems a little bit like a boondogle but I'm certainly missing tons of context

This was from the memo seeking approval from the OKC Economic Development Trust:



The Project Plan provides that funding can be allocated and provided to the taxing jurisdictions
existing within the Increment Districts created under the Project Plan. On October 19, 2020, the
Board of County Commissioners of Oklahoma County (“Oklahoma County”) formally requested,
via Resolution No. 2020-5070, that the City Council and the Oklahoma City Economic
Development Trust (“Trust”) provide $6,900,000 to support certain capital needs and capital
improvements to public facilities owned by the County as identified by Oklahoma County in the
resolution.

On June 30, 2021, representatives of Oklahoma County met with City’s internal review committee
to discuss the request and based on that meeting it is the recommendation of City staff, subject to
approval of a proposed amendment to the Amended and Restated Project Plan that will raise the
Project Plan budget by $27,000,000 (to include an increase of $8,000,000 to the “Other Taxing
Jurisdictions (Except I-89) budget category), that $5,000,000 be allocated to support Oklahoma
County’s proposed list of projects on a reimbursement basis. Oklahoma County’s Capital Projects
include improvements to the Investors Capital Building, the Courthouse Campus, the County
Annex Building, and the County Courthouse.

On July 14, 2021, the Downtown/MAPS Review Committee convened and found that the request
of Oklahoma County was reasonable and adopted a Resolution recommending that the City
Council and Trust approve a budgetary allocation in an amount not to exceed $5,000,000 from the
Other Taxing Jurisdictions (Except I-89) Budget Category of Increment District No. 2, to support
the Oklahoma County Capital Projects, subject to approval of certain proposed amendments to the
Amended Project Plan.

On October 26, 2021, City Council approved the allocation for the project. Approval of the
Memorandum of Agreement outlines the terms and conditions for the project funding, including
incentive use, reimbursement and reporting requirements for the Oklahoma County Capital Project
in an amount not to exceed $5,000,000. Funding will be provided on a reimbursement basis for
the following projects:
1. Investors Capital Building Exterior Envelope Upgrade - $2,000,000
2. New County Annex Building Elevators - $2,000,000
3. County Annex Building Security Projects - $750,000
4. County Annex Building Front Entrance Improvements - $250,000

Any update/progress on this?

Any update/progress on this?

I believe they now have all the funding so hopefully we'll soon see some progress.

I was down there last week and didn't bother to post photos because nothing had changed.

Originally, the plan was to restore the building to its original facade.

Now, it looks like they plan to completely modernize it:

http://www.okctalk.com/images/pete/investorscapital071220a.jpg

HTTP://www.okctalk.com/images/pete/investors082824a.jpg

HTTP://www.okctalk.com/images/pete/investors082824b.jpg

HTTP://www.okctalk.com/images/pete/investors082824c.jpg

While I normally wouldn't automatically be a fan of doing something like that, assuming those are bricks I think that'll look fantastic.

Why the change?

Why the change?

My guess is they ran into issues trying to restore the original facade which has been hidden behind various materials for decades.

http://www.okctalk.com/images/pete/investorscapital071220b.jpg

Well that just looks like a completely different building. I do like the dark brick look, though.

The large window openings are great. Would love to work in one of those offices.

It will be interesting to see how the tenant mix changes. Right now, the place is not very nice and a the rent isn't very high. Will they move everyone out for the remodel? Looks substantial.

This will ruin the parking garage canopy along Kerr.

This will ruin the parking garage canopy along Kerr.
Explain? I'm not clear on how changing the facade on this building has anything to do with that.

I'm not always a fan of re-facades because you do lose that point in time example of whatever it is the place had. But this building i think lost that way too long ago already. Seeing what's under it right now with a mix of cinderblock and brick, it's not a good look. If it had any character, it's long gone. This will definitely make this old girl look a tone better. I always hope windows and roof come with a new facade. It's a shame to do the facade without doing those too.

Explain?

Is a joke

oh ok...i was not following that..lol

Originally, the plan was to restore the building to its original facade.

Now, it looks like they plan to completely modernize it:

http://www.okctalk.com/images/pete/investorscapital071220a.jpg

HTTP://www.okctalk.com/images/pete/investors082824a.jpg

HTTP://www.okctalk.com/images/pete/investors082824b.jpg

HTTP://www.okctalk.com/images/pete/investors082824c.jpg

That looks sexy. Beautiful design.

This project will be before the Downtown Design Review Committee 11/21.

Some additional info and renderings:


HTTP://www.okctalk.com/images/pete/investorscapital101624.jpg

HTTP://www.okctalk.com/images/pete/investorscapital101624a.jpg

HTTP://www.okctalk.com/images/pete/investorscapital101624b.jpg

HTTP://www.okctalk.com/images/pete/investorscapital101624c.jpg

HTTP://www.okctalk.com/images/pete/investorscapital101624d.jpg

Such a tragedy to hear that one firm's decisions in renovation caused such extensive damages. But I don't mind the rendered design, I actually think it will make the interior feel a lot more open and inviting.

Unless I misunderstood what I heard, the District Attorney’s office will be moved here once completed. That could have changed, but that was my understanding. They moved out of the courthouse annex building a few months ago to wait for renovation.

An article in the Oklahoman has confirmed that the only tenant with be the Oklahoma County DA’s office.

I had no idea Oklahoma County has owned this building since the 1980s.

I had no idea Oklahoma County has owned this building since the 1980s.

I wasn’t sure when the county bought it, but I’ve known since the early 80s when I was in law school. The court clerk has stored older records in the basement for decades. I had to go there several times researching some old cases.

They're going to be the envy in terms of office space after this is done, compared to the rest of the courthouse annex space. Both the county (way worse) and the federal ones, are sad. I know they're working on the federal ones, but they do seem to be taking their sweet time to make any progress there.