Im surprised by some of these guesses. I’d say it’s more like:
Legends Tower: 0%
Boardwalk at Bricktown (all 3 towers): 10%

Both seem very unlikely.

With the tif money available I think 20% for the first two. Being less than 0 is not a real number I’ll settle with 0 for legends . Especially since the way business is done seems to have changed these days. The tower feels very “sunset amphitheater’ish” to me. I’m surprised I’m not seeing investment commercials for legends tower like we do for sunset. Sunset live notes amphitheater is a scam. For sure. And until I see a crane swinging 500 feet in the air I’m suspicious this is too. Matteson’s one investor Hudson or what’s his name is the only reason i don’t give this entire project a fat 0 % chance

With the tif money available I think 20% for the first two. Being less than 0 is not a real number I’ll settle with 0 for legends . Especially since the way business is done seems to have changed these days. The tower feels very “sunset amphitheater’ish” to me. I’m surprised I’m not seeing investment commercials for legends tower like we do for sunset. Sunset live notes amphitheater is a scam. For sure. And until I see a crane swinging 500 feet in the air I’m suspicious this is too. Matteson’s one investor Hudson or what’s his name is the only reason i don’t give this entire project a fat 0 % chance

I don't think Sunset is a scam unless there using funds raised from other venue fundraising efforts to finance the Colorado Springs location. Then yeah, they built themselves a nice house of cards there.

I don't think Sunset is a scam unless there using funds raised from other venue fundraising efforts to finance the Colorado Springs location. Then yeah, they built themselves a nice house of cards there.

The problem with the house of cards type business is that the developer passes on all the risk to the investors. While assuming virtually none themselves. The whole “they build it they will come” is substantially more scam prone than the “you build it they will come” type business. No risk high return for the developer tends to attract less reputable. Real movers and shakers don’t put out commercials with has beens pleading. They take risks and if they know what they’re doing they get the payoffs. I just highly doubt someone who’s been on real housewives is the genuine real deal. Reality tv is cheap publicity is for scammers. Larry nichols isn’t on reality tv Aubrey McClendon wasn’t on reality tv. If this guy is the real deal he’ll get that lot cleared and get those cranes up. Money talks

Legends Tower: 0%
Boardwalk at Bricktown (all 3 towers):
- 10% all 3
- 25% 2
- 30% 1
Sunset Amphitheater: 25%
Strawberry Fields: 0%
Heartland Theme Park: IDGAF

I must've missed something, what is the Legends Tower? And why are we ranking things with percentages

I must've missed something, what is the Legends Tower? And why are we ranking things with percentages

Go back up a few pages and you will figure it out.

Go back up a few pages and you will figure it out.

To be fair, it's more than a few pages. They'll have to go back like ten or so.

@therhett To keep matters short, there's a visioned supertall to go along with this development. It's imagined to go up to 1,907 feet in honor of the year of statehood. It does have renderings.
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To be fair, it's more than a few pages. They'll have to go back like ten or so.

@therhett To keep matters short, there's a visioned supertall to go along with this development. It's imagined to go up to 1,907 feet in honor of the year of statehood. It does have renderings.
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The start of the rankings were the previous page... 55

Oh I thought we were calling that the "super tall", didn't notice it had been given another name lol

No risk high return for the developer tends to attract less reputable. Real movers and shakers don’t put out commercials with has beens pleading.

That was the red flag for me. Serious developers don’t pull publicity stunts like the groups behind Sunset and Legends. They announce the project when real investors have already been lined up, actual financing secured and get moving

That was the red flag for me. Serious developers don’t pull publicity stunts like the groups behind Sunset and Legends. They announce the project when real investors have already been lined up, actual financing secured and get moving

Lots of reputable developers announce projects prior to financing being finalized. Not unusual. Many do it to ascertain the level of interest for the project.

Lots of reputable developers announce projects prior to financing being finalized. Not unusual. Many do it to ascertain the level of interest for the project.

I disagree he’s trying to manifest some investment. “They build it they will come” I’ve got a cold six pack that says that U-Haul parking lot will be there 3 years from now. My opinion would be totally 180 if someone had assessed the market and secured financing prior to announcing

^^^^^^^^^
According to the interview by Steve Shaw at OETA last week, Matteson said matter-of-factly that funding for this project is already fully in place, and that he is NOT seeking investors. Who knows.

^^^^^^^^^
According to the interview by Steve Shaw at OETA last week, Matteson said matter-of-factly that funding for this project is already fully in place, and that he is NOT seeking investors. Who knows.

I saw that interview. Very interesting when he said that the project was fully financed and that they would be filing for height acceptance within the next few days

I saw that interview. Very interesting when he said that the project was fully financed and that they would be filing for height acceptance within the next few days

Height acceptance on the three towers? I don't really care about a hypothetical supertall acceptance which clearly isn't funded yet.

^^^^^^^
No, he said he is actively seeking the height variance from the City on the supertall. Also said they have already petitioned the FAA.

Scott Matteson Interview: starts at 12:45


https://videos.oeta.tv/video/february-9-2024-yt2ika/

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Thanks for sharing. This is my first time seeing this angle with the proposed Maps 4 stadium in it.

Here is a little better version of Legends Tower with the stadium in the foreground:

HTTP://www.okctalk.com/images/pete/boardwalk021624a.jpg

Based on the interview, he sounded very confident that things are moving forward. No "ifs" or "maybe" or "well we are still working on things". Sounds like finalized plans should submitted any day now.

I wonder when Cube3 is going to update their website?

I wonder when Cube3 is going to update their website?

Probably when the plans have been finalized for the supertall and they start moving pavement. At least the YouTube channel B1M has made mention of it a month ago. And they specialize in talking about megaprojects.

Based on the interview, he sounded very confident that things are moving forward. No "ifs" or "maybe" or "well we are still working on things". Sounds like finalized plans should submitted any day now.

A lot of people talk confident. We’ll see…

^^^^^^^
No, he said he is actively seeking the height variance from the City on the supertall. Also said they have already petitioned the FAA.
Hopefully, the FAA won't think it's too close to an airport.

Matteson's rhetoric in this interview is very different from the newspaper interviews. This is the first face to face interview that he has done, and gave confident timelines of when this is getting started. He also talked about the previous projects he was involved in, in detail. He also said project was 100% financed, and they are wanting to start moving dirt in June/July.

And hats of to Steve Shaw, and the The Oklahoma New Report. This is how you report a story, you go straight to the developer, go interview people involved. Do a little footwork, instead of basing everything on speculation and articles.

And hats of to Steve Shaw, and the The Oklahoma New Report. This is how you report a story, you go straight to the developer, go interview people involved. Do a little footwork, instead of basing everything on speculation and articles.
Just posting/printing what someone says is not reporting, it's promotion.

Matteson has talked about all those same projects and no one has been able to confirm his direct involvement (I tried some time ago, as did the reporter for the Real Deal in the article I posted).

Actual reporting would include fact-checking what someone says and independently verifying their claims and if you can't, you report that.

Did the reports point out that Matteson doesn’t have a resume for pulling this off? Anyone who follows development should be skeptical of a massive project like this being pulled off without a track record. Heck, developers with good track records have projects fail to get to construction all the time.

^

We don't know for sure that he wasn't directly involved in some or all the projects he has claimed in interviews.

All of this is so bizarre. I'm very eager to watch this unfold...

I did find a press release from the Magic Johnson fund in 2011 about the Icon Hotel in Houston, and Centurion Partners was listed as investors and there was a quote from Matteson.

However, Centurion Partners seems to no longer exist and this OKC project is by Matteson Capital which seems to be just Matteson himself. Furthermore, it seems Matteson hasn't done much of anything for quite a while and in 2019 there was a GoFundMe page that raised $14,000 for Matteson's pancreatic cancer treatment. That last fact is very strange coming from someone who claims to be a successful developer of multiple huge projects and also claims to have already arranged hundreds of millions for the Boardwalk.

BTW, if you watch that OETA segment, these were the exact quotes regarding the financing:

Narrator: "Matteson thinks he can get the first three towers built sometime in 2026. The Legends Tower, the following year."

Matteson: "We have 100% financing on the entire project already in place."


The ENTIRE project. And in the context of that interview, that would include Legends Tower. To put it kindly, this strains credulity.

Also from that OETA segement:

Matteson: "I did a hotel in Houston called the Icon Hotel, Magic Johnson was my partner on that. We converted a 110-year-old bank building very similar to the National Bank Building in downtown Oklahoma City into a hotel which is managed by Marriott."


The 2011 press release says the building was converted well before the acquisition:

"Originally built as the Union National Bank building 100 years ago and converted to a hotel in January 2004."


Throughout that interview he says, "I did a hotel", "I built a high-rise mixed-use condo", "Magic Johnson was *my* partner", etc. At the very most, Matteson was part of a group of people that then partnered with other investors which all seem to have been sizable. As far as anyone can tell, he has never done anything of note by himself or under the Matteson Capital name.

and this is why I responded with -1000% chance of happening.

I would be skeptical of ANYONE claiming to have a project of this size completed in that timeline.

Newport Beach Builder Signs on to $20B Miami Project

Orange County Business Journal
https://www.ocbj.com › News

Feb 1, 2009 — Miami Worldcenter has an expected price tag of $20 billion upon completion. Matteson said he's confident Centurion and its partners will be able ..



Found this on a google search, info as of 2009. behind paywall but his name does show from what I see. ???

^

That article is just Matteson saying he's going to do something.

I can't find hardly anything that verifies his actual involvement in a completed project (other than the Houston hotel which was a purchase, not a development).

Hopefully, the FAA won't think it's too close to an airport.

"It was all the FAA's fault I swear. Those other three towers were dependent on the legendary tower for reasons "

He gave a quick timeline and said it was 100% financed. I’m as skeptical as everybody but those aren’t the words to use if you’re trying to fundraise and attract investors to your project. He talks as if this is certainty.

He gave a quick timeline and said it was 100% financed. I’m as skeptical as everybody but those aren’t the words to use if you’re trying to fundraise and attract investors to your project. He talks as if this is certainty.

This level of certainty about this big of a project really should cause doubt, not confidence, especially considering Matteson's relatively sketchy record of pulling off such projects. As others have said, there is no chance this entire project is fully financed. These quotes just make me think that even getting one tower is very unlikely. As Pete said (see TEEMCO), OKC is a great place for a scam.

He gave a quick timeline and said it was 100% financed. I’m as skeptical as everybody but those aren’t the words to use if you’re trying to fundraise and attract investors to your project. He talks as if this is certainty.

There is no way the legendary tower is financed.

There is no way the legendary tower is financed.

I don't think that is formally a part of the project. It has always been just an idea. Never formally a part of anything. So no, it isn't financed, but I also didn't think that had to be spelled out here.

I don't think that is formally a part of the project. It has always been just an idea. Never formally a part of anything. So no, it isn't financed, but I also didn't think that had to be spelled out here.

Well, that IS what Matteson is claiming.

Well, that IS what Matteson is claiming.

I guess I didn't read it like that. I don't buy he was including that. It's a visionary piece, was announced as such. Not a formal part of a project. Maybe that's changed.

I guess I didn't read it like that. I don't buy he was including that. It's a visionary piece, was announced as such. Not a formal part of a project. Maybe that's changed.

Matteson has never said it was visionary -- he's never said anything to make you believe this wasn't 100% happening. In that OETA interview he said he was in the process of obtaining FAA clearance for the full 1,907 feet of the super tall and expected to receive it within 30 days.

Randy Hogan called Legends Tower 'aspirational', not Matteson.

Matteson has never said it was visionary -- he's never said anything to make you believe this wasn't 100% happening. In that OETA interview he said he was in the process of obtaining FAA clearance for the full 1,907 feet of the super tall and expected to receive it within 30 days.

Randy Hogan called Legends Tower 'aspirational', not Matteson.

I guess I got Hogan and Matteson mixed up. My bad.

I guess I got Hogan and Matteson mixed up. My bad.

The whole thing is confusing- what is and isn’t happening. I don’t blame you.

I for one think at least the first phase will happen. It's not like we are just finding out about this project, they have been working on this project for years. So it's funny now how people are giving this skeptical rhetoric when we are finally coming around 3rd base on this thing. And also people keep just saying Matteson, like he is doing this all by himself. Yes, Matteson is spearheading this thing, but I am sure there are many other parties involved that we don't know about. Local developer Randy Hogan is involved as well, and his credibility and reputation is on the line to.

^

Hogan owns the land and there has been no indication he has any involvement beyond that. If others are involved, Matteson hasn't mentioned them throughout this multi-year process.

And there has been justified skepticism from almost the outset.


Absolutely everyone wants this project to happen. But when you talk with the same confidence about building the tallest building in the U.S. in a Bricktown parking lot and actively seek attention for those plans, it calls your credibility into question and that's why there has been a fresh wave of doubt.

All I know is if they actually build the 1907' tower I will 100% buy a condo in it. I have a place downtown in Deep Deuce I mostly airbnb or use as a crashpad after concerts/events/got too drunk at the bar with a west facing balcony that has some incredible sunsets. I have rented out the Chef's table a couple times at Vast and the sunset view is somehow more spectacular. When you see it, it is hard to not be enthralled by it for a moment. I can see some real draw for this development if it is actually built and is operated well. Oklahoma City has continued to invest in its future and I genuinely think people are starting to notice. This city will never be bigger than Houston, Chicago, or Dallas, however I can see a future where it has its own unique draw and is an epicenter for what will become midwestern American culture. As someone that loves good food and the arts, I really appreciate the trajectory OKC is on. State level politics aside I am pretty happy with OKC.

I for one think at least the first phase will happen. It's not like we are just finding out about this project, they have been working on this project for years. So it's funny now how people are giving this skeptical rhetoric when we are finally coming around 3rd base on this thing. And also people keep just saying Matteson, like he is doing this all by himself. Yes, Matteson is spearheading this thing, but I am sure there
are many other parties involved that we don't know about. Local developer Randy Hogan is involved as well, and his credibility and reputation is on the line to.

I don't see length of "planning" as evidence of anything. Half of that time was during covid when nothing for sure was going to happen. Wouldn't surprise if Hogan says surprise and he announces a partnership with a completely different developer.

I for one think at least the first phase will happen. It's not like we are just finding out about this project, they have been working on this project for years. So it's funny now how people are giving this skeptical rhetoric when we are finally coming around 3rd base on this thing. And also people keep just saying Matteson, like he is doing this all by himself. Yes, Matteson is spearheading this thing, but I am sure there are many other parties involved that we don't know about. Local developer Randy Hogan is involved as well, and his credibility and reputation is on the line to.

this has been my take as well G Walker. People on here keep acting like the project just got announced in December 2023, when it's been in the works for years but likely delayed due to the pandemic. Also, as you pointed out - more than just Matteson is involved if you look at the full list - they have significant credibility.

Here's the way I take it, Phase I is fully financed and ready to go/start in June/July per Matteson's prediction. Since he as to ask for a variance to 345' for the 3 towers of phase I, he's ALSO asking for variance up to 1907' for phase 2 (since he's already asking/applying). I don't think it means at all that Phase 2 is fully financed, I do believe he likely has Phase I. Hogan spoke of Legends as aspirational and would be built after Phase I. This is set up for Phase I to be successful, given OKC's pent-up luxury highrise demand and that the towers wont be fully market which is smart IMO. Even Legends tower will be mixed use with Hyatt Hotel taking most of the space - thereby further limiting risk.

I know I tend to look at things half full, but I'm also considering all facts here not just his announcement of Tower 3 to become the 1907 Legends Tower supertall.

One final point, consider Holt and I forget the Economic Agency guy take on this, but it seems they know something but are being tight lipped. ...

All I know is if they actually build the 1907' tower I will 100% buy a condo in it. I have a place downtown in Deep Deuce I mostly airbnb or use as a crashpad after concerts/events/got too drunk at the bar with a west facing balcony that has some incredible sunsets. I have rented out the Chef's table a couple times at Vast and the sunset view is somehow more spectacular. When you see it, it is hard to not be enthralled by it for a moment. I can see some real draw for this development if it is actually built and is operated well. Oklahoma City has continued to invest in its future and I genuinely think people are starting to notice. This city will never be bigger than Houston, Chicago, or Dallas, however I can see a future where it has its own unique draw and is an epicenter for what will become midwestern American culture. As someone that loves good food and the arts, I really appreciate the trajectory OKC is on. State level politics aside I am pretty happy with OKC.

I agree with you that I also will purchase something in Legends for the same reason and purpose you mention (also adding to other OKC purchases I have)..

Here's the way I take it, Phase I is fully financed and ready to go/start in June/July per Matteson's prediction. Since he as to ask for a variance to 345' for the 3 towers of phase I, he's ALSO asking for variance up to 1907' for phase 2 (since he's already asking/applying). I don't think it means at all that Phase 2 is fully financed, I do believe he likely has Phase I. Hogan spoke of Legends as aspirational and would be built after Phase I. This is set up for Phase I to be successful, given OKC's pent-up luxury highrise demand and that the towers wont be fully market which is smart IMO. Even Legends tower will be mixed use with Hyatt Hotel taking most of the space - thereby further limiting ...

What is your basis for saying OKC has pent-up luxury high rise demand? There is no such demand from what I can tell. I can think of at least three luxury condo projects by reputable developers in the last ten years that failed to launch due to lack of demand. One of those sites is now being turned into a parking lot.

none of them were highrises.

Look at First National. thatis the comp (as I have stated before)

You’re saying First National is the basis for claim there is pent-up luxury high rise demand? My understanding is First National still hasn’t filled their apartments. Hence, using your comp, there is the opposite of pent-up demand.

I don't people are picking where they live just because it's a 'high rise'. It's the whole culture of urban living that brings people in. The high rises are there because there is demand to live in that area, they are not driving that demand

this has been my take as well G Walker. People on here keep acting like the project just got announced in December 2023, when it's been in the works for years but likely delayed due to the pandemic. Also, as you pointed out - more than just Matteson is involved if you look at the full list - they have significant credibility.

Here's the way I take it, Phase I is fully financed and ready to go/start in June/July per Matteson's prediction. Since he as to ask for a variance to 345' for the 3 towers of phase I, he's ALSO asking for variance up to 1907' for phase 2 (since he's already asking/applying). I don't think it means at all that Phase 2 is fully financed, I do believe he likely has Phase I. Hogan spoke of Legends as aspirational and would be built after Phase I. This is set up for Phase I to be successful, given OKC's pent-up luxury highrise demand and that the towers wont be fully market which is smart IMO. Even Legends tower will be mixed use with Hyatt Hotel taking most of the space - thereby further limiting risk.

I know I tend to look at things half full, but I'm also considering all facts here not just his announcement of Tower 3 to become the 1907 Legends Tower supertall.

One final point, consider Holt and I forget the Economic Agency guy take on this, but it seems they know something but are being tight lipped. ...

Pent up demand based on what? I think there might be enough demand for a single high rise residential tower but anymore than that seems like wishful thinking at this time.

^ you just agreed with me that I said Phase 1 is set up to be successful. The demand is based on comp from First National, it is the only luxury high-rise in OKC; however, it is a conversion. We'll see how OKC responds but it appears that Phase 1 will be successful.

^^ Some on here are quite ridiculous, that people don't chose where to live to be in a highrise??? I suppose to these people that highrises in other cities aren't due to people desiring to live in them. .... ???

In reality - There are many that chose to live in a highrise IF they're available. In fact, there were 'at least' 2 examples on this forum that indicate desire to live in a luxury highrise in downtown OKC (particularly the supertall). ....

Pent up demand based on what? I think there might be enough demand for a single high rise residential tower but anymore than that seems like wishful thinking at this time.

Mister Buzzkill. :)