OIPA Headquarters

[metro]

[template=]
development
|category1=Office Buildings
|category2=Current
|category3=Northeast
|category4=
|
|project=
|address= NE 4th & Lincoln
|status=under construction
|owner=Oklahoma Independent Petroleum Association, Oklahoma Energy Resources Board, Oklahoma Energy Education Fund
|cost=$5,000,000
|architect=Benham Companies
|start=
|finish=2012
|contractor=
|height=3 stories
|sq. feet=24,000 sf
|acerage=2.68
|other=
|
|image=
|
[/template]
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Real Estate OIPA building planned for northeast Oklahoma City
Journal Record
May 22, 2008

OKLAHOMA CITY – The question of what will occupy a triangle-shaped piece of Urban Renewal land in northeast Oklahoma City could be answered soon.

The Oklahoma Independent Petroleum Association has been looking for a site to build its headquarters, and Presbyterian Health Foundation has some land that it does not have a use for. “It’s always been a real question of what to do because it’s included within the redevelopment agreement with Presbyterian Health Foundation,” said JoeVan Bullard, executive director of the Oklahoma City Urban Renewal Authority. “But to go south of Fourth (Street) they couldn’t get their regular-size lab building on here but they wanted a nice neighbor.”

In April 2006, Urban Renewal entered into an amended contract for the sale of land for redevelopment to the foundation. A resolution before Urban Renewal on Wednesday, which was approved by the Urban Renewal commissioners, sought to assign the land, about 4.4 acres, to OIPA with certain provisions.The land, bordered by Lincoln Boulevard, Northeast Fourth Street and Interstate 235, is just south of the foundation’s Research Park buildings. Part of the agreement will include PHF signing off on the design development.

Ronnie Irani, OIPA board member and chairman of the capital campaign, said OIPA has been looking to move from its leased space in northwest Oklahoma City into a permanent home, preferably near the state Capitol, for several years.

Plans also call for the Oklahoma Energy Resources Board to occupy space in the building, which will be owned by OIPA’s educational foundation. “A couple of years ago at one of our board meetings, it was decided that after 50-plus years of existence it was time we had our own headquarters,” Irani said. “It made sense to have a headquarters near the state Capitol.”

Fundraising has already begun for the building, and Irani said about $4.5 million has been raised. The total investment to redevelop the property will likely be about $5.5 million.

A contractor and architect have not been announced, but Irani said early plans call for a three-story, 20,000-square-foot building.

OIPA and OERB will occupy one floor each, and the third floor will be conference room and meeting space. The next OIPA board meeting is set for June to finalize several aspects of the building plans. “After the June meeting, we’ll hit the ground running,” Irani said. “I’m hopeful by the end of the year we’ll break ground.”