Re: New Mixed-Use Tower
Originally Posted by
ksearls
I think this "tower" obsession is some sort of phallic male thing!
Actually it's all about the cost of land. The towers being built in other cities mentioned sit on land costing $100.00, $300.00, $500.00 or more per square foot. The net land cost to the developers of the Triangle, The Hill and Legacy was about $3.00 per square foot. No need to build tall when land is bargin basement priced.
And, it will likely be several years before there is much of a market for these taller, mixed use buildings in OKC. The Oklahoma River corridor or somewhere on all of the vacant space being created between the realigned I-40 and downtown may be where a twenty or thirty-plus story mixed use building is errected around 2025. Could be sooner than that if the downtown core population surges dramatically in the next few years, but I can't see anything tall other than conversions of existing office buildings before that count goes over 10,000 people.
The Old Downtown Guy
It will take decades for Oklahoma City's
downtown core to regain its lost gritty,
dynamic urban character, but it's exciting
to observe and participate in the transformation.
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