Things are moving forward. Steve provided an update to the project in The Oklahoman. The project now has a name The Boardwalk at Bricktown:

https://www.oklahoman.com/story/news/2023/04/05/developer-okc-bricktown-multi-tower-construction-start-later-this-year/70074169007/

Things are moving forward. Steve provided an update to the project in The Oklahoman. The project now has a name The Boardwalk at Bricktown:

https://www.oklahoman.com/story/news/2023/04/05/developer-okc-bricktown-multi-tower-construction-start-later-this-year/70074169007/

"Redesign to save on costs" and "Value engineering"

Kiss those conceptual drawings goodbye! Mostly kidding, but I hope the aesthetic of these are nice. And if they don't include balconies or pool amenities, I am rioting.

"Redesign to save on costs" and "Value engineering"

Kiss those conceptual drawings goodbye! Mostly kidding, but I hope the aesthetic of these are nice. And if they don't include balconies or pool amenities, I am rioting.

Or just not buying there, right?

I assume they will be for rent. But I am definitely interested if there is for sale units.

"Redesign to save on costs" and "Value engineering"

Kiss those conceptual drawings goodbye!

Which is interesting, because they were awarded a TIF district, apparently without knowing what they're actually going to build. I know this happens, but its just another example of how easy and unaccountable this process is.

If the market can not support an elevated project using $220 million in assistance without value engineering after 30+ years of TIF development, then does it work?

Which is interesting, because they were awarded a TIF district, apparently without knowing what they're actually going to build. I know this happens, but its just another example of how easy and unaccountable this process is.

If the market can not support an elevated project using $220 million in assistance without value engineering after 30+ years of TIF development, then does it work?

they haven't been awarded TIF ..

they haven't been awarded TIF ..

I know. The district was created for this development without knowing what is actually going to get built.


The Oklahoma City Council on Tuesday approved carving out a new, 25-year tax increment financing district for the property,

I guess we'll see if the actual awarded amount gets value engineered, too.

"Redesign to save on costs" and "Value engineering"

Kiss those conceptual drawings goodbye! Mostly kidding, but I hope the aesthetic of these are nice. And if they don't include balconies or pool amenities, I am rioting.
Well obviously being OKC they have to do that.

I know. The district was created for this development without knowing what is actually going to get built.



I guess we'll see if the actual awarded amount gets value engineered, too.

It is common to have the district created before knowing exactly what is going into the district.

Well obviously being OKC they have to do that.

Almost every project in every city in the world does this to meet the project budget.

It is common to have the district created before knowing exactly what is going into the district.

It's common to have a district created before the *public* knows exactly what is going into that district.

All this has usually been decided behind the scenes through private meetings.

Almost every project in every city in the world does this to meet the project budget.
Like clockwork…

It is common to have the district created before knowing exactly what is going into the district.

OK, Sure. And, historically, that is very much in line with original concept. That is, to identify a district or area that needs some help to get going and then create a TIF overlay for that area in hopes to attract developers or motivate and facilitate improvements to that district by current stake holders by using public assistance to mitigate some of the risks of investing in a struggling area.

In contrast, this district was created specifically for this development after they showed some original concepts of what they would build. Let's be honest, even using the word "district" in this instance is a bit dubious. Unless I am missing something, this is all about one development by one development group and nothing from any other developer will or could fall under this "district". Unless, of course, they pull out because they don't get enough TIF assistance, In which case the TIF "district" would still exist and, theoretically, some other developer(s) could apply. But I don't think anyone is naive enough to think that this district was created independently of this development or without consideration of what they have suggested is their intent to build, or that the creation of this district doesn't mean an awarding of TIF assistance is imminent.

So, it is actually a really simple and straight forward example of how TIF arrangements have deviated from their original intent over the years. That is, going from a instrument to help blighted areas recover/redevelop to an instrument to aide specific interests, often ones with adequate resources and access to financing to begin with.

Like clockwork…

You making a disparaging/inaccurate comment about okc and then Are corrected.

I agree.

"Redesign to save on costs" and "Value engineering"

Kiss those conceptual drawings goodbye! Mostly kidding, but I hope the aesthetic of these are nice. And if they don't include balconies or pool amenities, I am rioting.

I don't think I ever worked on a large development where we weren't asked at some point to do "value engineering". That's anywhere, not just OKC.

The TIF being approved this week makes me freshly hopeful that we'll see some new renderings or other progress on this project soon. Think what you want about TIF but I feel like they wouldn't be setting up an entirely new district for it if this was nothing but a pie in the sky idea that will never materialize into reality.

there were renderings/floorplans in Steve's article. But yes, I can't wait to see the renders of the massing and of course, construction starting later this year.

THIS will change OKC and downtown housing, with this perhaps the projects that have yet to commence can be re-worked with significant vertical additions. ... (Alleys end, Boulevard, etc).

There are updated renders or just taking from what's done already? If recent, please drop a link.

There are updated renders or just taking from what's done already? If recent, please drop a link.

No new renderings yet.

Can you imagine the Dream Hotel construction and the Boulevard Place construction happening at the same time! and The Midtown Mixed Use and the Classen Marquette all going at once?
I wonder when they're going to start on the apartments across from the Muse?

During the Great Recession, Oklahoma City made the news by having Devon Tower being built during part of it because the rest of the country was in the economic doldrums for years. We have a good chance at that happening again with everything being built. The Citizen, Dream Hotel complex, Okana, Oak, Boulevard Place, etc. It would be remarkable to drive around the city and see all of these major developments going up at once. Especially during a recession.

Oh and that little development next to the FAM lol Can't leave that monstrosity out of the mix.

Can you imagine the Dream Hotel construction and the Boulevard Place construction happening at the same time! and The Midtown Mixed Use and the Classen Marquette all going at once?
I wonder when they're going to start on the apartments across from the Muse?

Toss Alley's End in there too, all that development happening just north and south on a fairly short stretch of E K Gaylord would be something to see.

Oh and that little development next to the FAM lol Can't leave that monstrosity out of the mix.

You really think the resort will be a "monstrosity"?

Is it not? What am i Missing?

Is it not? What am i Missing?

Depends what your definition of monstrosity is.

Depends what your definition of monstrosity is.

A monstrosity certainly doesn't define Okana

Monstrosity: "something, especially a building, that is very large and considered unsightly."

OKANA will be large. Whether it is unsightly is unknowable at this time and is, anyway, in the eye of the beholder.

I was mainly referring to it size.

I was mainly referring to it size.

Your term is pejorative in nature, whether you intended that or not.

I was mainly referring to it size.

It will be fairly large, but not a monstrosity. It will be a great addition and will greatly increase
the visual appeal of that area. Opposite of monstrosity.

I was mainly referring to it size.

Perhaps you were thinking of monstrous? They’re cognates but monstrous could describe the large size without denoting the appearance as revolting. I can’t think of a time the word “monstrosity” might be used as anything other than an unfavorable descriptor.

I didn't really interpret monstrosity as being bad in the context it was used. We live in a multi language world. Have to give each other some slack sometimes.

lol thank you. I'm always getting trouble :laughing_

I didn't really interpret monstrosity as being bad in the context it was used. We live in a multi language world. Have to give each other some slack sometimes.
Not knowing the meaning of a word one uses is not the result of a multi language world. It’s simply not knowing the meaning of words you are using. Education counts.

Any update on when they'll be releasing the renderings?

Dream website has updated all their coming soon properties to 2025 and 2026 (OKC and Texas properties 2026)

Dream website has updated all their coming soon properties to 2025 and 2026 (OKC and Texas properties 2026)

I tried posting about that earlier, but somehow ended up on another page. lol. At least they updated it from 2024. 2026 is pretty reasonable for a start later this year.

Any updates?

Any updates?

The story Lackmeyer did a few months ago said they hope to release renderings in late spring and start construction in the fall. Hopefully at least the construction start is still on track.

At this point, I doubt it gets started this year. The year is already half over. They have yet to submit any hard plans for review. Hard plans still need to go through the Planning Commission & City Council. Not to mention the TIF approval process. Then after that building permits, etc.

*sighs*

At this point, I doubt it gets started this year. The year is already half over. They have yet to submit any hard plans for review. Hard plans still need to go through the Planning Commission & City Council. Not to mention the TIF approval process. Then after that building permits, etc.

Do you KNOW anything at all , or just post what you think, when people ask for actual information? Have you not notice how fast projects can move after all the tedious behind the public eye work is done. Let the process play out and if it doesn't start until next year, who cares this is an incredible project and it'll be fantastic when it does eventually happen. But your assuming and hubris that you have any clue what's going on gets old.

Do you KNOW anything at all , or just post what you think, when people ask for actual information? Have you not notice how fast projects can move after all the tedious behind the public eye work is done. Let the process play out and if it doesn't start until next year, who cares this is an incredible project and it'll be fantastic when it does eventually happen. But your assuming and hubris that you have any clue what's going on gets old.

I mean, all of what he mentioned would be public record, available on the City website within board minutes and packets.

I mean, all of what he mentioned would be public record, available on the City website within board minutes and packets.

And the last day of Fall is 12/20/23, so there is time... Plus how the heck can people who are on here religiously, not comprehend projects move as fast as they need to and our little hopes and desires of their timelines mean nothing.

And the last day of Fall is 12/20/23, so there is time... Plus how the heck can people who are on here religiously, not comprehend projects move as fast as they need to and our little hopes and desires of their timelines mean nothing.G.Walker simply stated his opinion (not his "hopes or desires") that he doubts this project gets started before the end of the year, and I tend to agree with him. Your response to him simply voicing his opinion was waaay over the top, but that happens on this website more often than one would expect.

G.Walker simply stated his opinion (not his "hopes or desires") that he doubts this project gets started before the end of the year, and I tend to agree with him. Your response to him simply voicing his opinion was waaay over the top, but that happens on this website more often than one would expect.

:iagree:

G.Walker simply stated his opinion (not his "hopes or desires") that he doubts this project gets started before the end of the year, and I tend to agree with him. Your response to him simply voicing his opinion was waaay over the top, but that happens on this website more often than one would expect.

Well, thats just like, your opinion man.

Well, thats just like, your opinion man.

What do you think a message board is, man? I know you don't post often, but all message boards are is people posting their like, opinions, man.

What do you think a message board is, man? I know you don't post often, but all message boards are is people posting their like, opinions, man.

Someone missed the reference...

8 year olds, dude.

Saw on an agenda today there will soon be a first vote to give this project $200MM in TIF and another $5.5MM in captured sales tax.

The total capital investment would be $550MM, meaning public incentives would be paying for 37% of this project.

This does not include the Dream Hotel, as the Omni has a covenant that restricts TIF use for hotels within this area.


Doesn't say anything about height but does mention a 900-unit residential complex (should be two towers), a public parking structure, and 59,000 SF of retail/entertainment space.


I sure plans will be following soon.

37%?! what a joke

Saw on an agenda today there will soon be a first vote to give this project $200MM in TIF and another $5.5MM in captured sales tax.

The total capital investment would be $550MM, meaning public incentives would be paying for 37% of this project.

This does not include the Dream Hotel, as the Omni has a covenant that restricts TIF use for hotels within this area.


Doesn't say anything about height but does mention a 900-unit residential complex (should be two towers), a public parking structure, and 59,000 SF of retail/entertainment space.


I sure plans will be following soon.

900 units?! WOW. This would definitely be a huge win for Bricktown and the restaurants and bars there.

Wow this will be a pretty big development. Lots of TIF money but this will be pretty exciting. Hopefully we get renderings soon.

To put that 900 number into perspective, that would be like combining, LIFT, Steeylard and The Edge.

Would be by far the biggest housing development downtown and probably the entire city.

To put that 900 number into perspective, that would be like combining, LIFT, Steeylard and The Edge.

Would be by far the biggest housing development downtown and probably the entire city.

Possibly the entire state as well.

So a Dream Hotel and 900+ residential units? Or just the residential units?

37% is a lot, but I've basically come to learn that OKC will always overpay, especially on something like this. If it works, other developers will follow, and likely get less in TIFs or request less, knowing high-rise development can be successful.

Scared money don't make money.

To put that 900 number into perspective, that would be like combining, LIFT, Steeylard and The Edge.

Would be by far the biggest housing development downtown and probably the entire city.

I believe The Metropolitan is the largest apartment complex downtown and it only has 330 units. 900 would be nuts.

I was googling and found this. It says there is a 1,128-unit apartment complex at 9401 S. Shartel Drive called Brookwood Village. It says it is the largest in the entire state state. Not sure how accurate it is. (https://rebusinessonline.com/ara-newmark-closes-60-5m-sale-of-oklahomas-largest-apartment-community/)