It's a fair point that someone needs to come along and prove that an ambitious project is feasible.

As things stand know, developers are on the sidelines because they don't think they can get the necessary office and apartment rent (or condo sales prices) to make a new high rise project possible. Or I should say, the market has yet to be tested at the rent levels needed to make new development on a large scale profitable. This was the major flaw in the Bricktown Towers proposal (I received a copy of the investor's package and took a look at the numbers).

So, someone has to go first. Someone has to build a semi-spec office tower and/or high-rise apartments and then see if the market will pay the necessary price that is required to turn a profit.


I'm sure this is the Clayco argument to the City, and it's certainly compelling.

If they build and get good office rents and get apartment rent up to $2 a SF, then others would certainly follow.