SandRidge Center & Commons

[gopokes88]

Has the same effect. People lost their jobs. OKC would do well to try to get some more non-O&G white collar jobs downtown. That's all I am saying.

You do understand how difficult it is right? Like heartland was a massive win that took years in the making.

The oil and gas industry fundamentally changed. Like it’s a 100% reversal.

Pre-2014 oil is rare. Find it. Produce it. As much as possible. We don’t even care if you’re making that much money cause it’s rare and since it’s rare value will climb. Eventually.

Post-2014. It’s not rare. It’s not THAT difficult to get. Go from an explorer and a whatever it takes mindset and become manufacturers. Watch your cash, debt, oil prices, etc etc.

That means leaner, less engineer dominated more financial business savvy minded. Might want to consolidate to have a larger share of the market to control the market to provide stability.

Devon, CHK, etc will never have those high of head counts again.

Diversification of industry is possible but takes decades. Paycom as an example. Paycom started 20 years ago. 20! It’s like turning a cruise ship. These things take a lot of time.

Fortunately our startup culture is getting better, the city is growing, entertainment options get better every day, etc. The seeds being planted today some will be big trees in 20 years.

[PhiAlpha]

That's space that has never been occupied.

Wondered about that.

[HOT ROD]

Wasn't there an announcement of major contractor consolidating it's okc office moving downtown bringing additional jobs? Booz Allen.

All we need now are a few more like this and then the Robert Halfs downstream businesses of the world to get a presence and downtown office space becomes full in a jiffy. We should also pursue offices from the big 4 (PwC, KPMG, Deloitte, and Earnst & Young).

BTW, OKC already has a Boeing Headquarters, Global Services & Support Aircraft Modernization and Sustainment (AM&S) division. If the city wanted to, they could encourage that head-office to locate downtown but right now they're collocated at the Engineering center. Not really necessary for the admin and execs to be near Tinker.

[jonny d]

Wasn't there an announcement of major contractor consolidating it's okc office moving downtown bringing additional jobs? Booz Allen.

All we need now are a few more like this and then the Robert Halfs downstream businesses of the world to get a presence and downtown office space becomes full in a jiffy. We should also pursue offices from the big 4 (PwC, KPMG, Deloitte, and Earnst & Young).

BTW, OKC already has a Boeing Headquarters, Global Services & Support Aircraft Modernization and Sustainment (AM&S) division. If the city wanted to, they could encourage that head-office to locate downtown but right now they're collocated at the Engineering center. Not really necessary for the admin and execs to be near Tinker.

We have all the Big 4 firms. And I know how big Tinker is I just think we need to market all the space we have downtown.

[gopokes88]

Wasn't there an announcement of major contractor consolidating it's okc office moving downtown bringing additional jobs? Booz Allen.

All we need now are a few more like this and then the Robert Halfs downstream businesses of the world to get a presence and downtown office space becomes full in a jiffy. We should also pursue offices from the big 4 (PwC, KPMG, Deloitte, and Earnst & Young).

BTW, OKC already has a Boeing Headquarters, Global Services & Support Aircraft Modernization and Sustainment (AM&S) division. If the city wanted to, they could encourage that head-office to locate downtown but right now they're collocated at the Engineering center. Not really necessary for the admin and execs to be near Tinker.

It’s actually the opposite.

Companies are finding if the execs and management are close to the manufacturing centers, operational efficiency gains are stronger.

Joe smith on the line says if we tweak it this way, it will save 5 mins a day. When the execs are next door the tweaks are implemented faster because decision makers can see/hear it quicker. Out of state, or far away, it gets lost in the daily shuffle of business.

There was a study about it, I’ll try to find it.

These things aren’t random, lots of times it’s very intentional.

For a the type of work Boeing and the others do here, you want your executives walking the plant frequently.

[EBAH]

Which is my point. There will be millions of square feet of class A space in the heart of downtown, and almost no hope of filling it. OKC keeps getting blue-collar jobs, which are great. This is not a blue-collar space. Wish OKC could land some of those companies leaving SFO by the dozens and going to DFW or Austin.

And those companies would hire who exactly?

[G.Walker]

I don't think we are that far off. I can see a large aerospace firm or defense contractor from out of state or even the US, wanting a downtown presence. The more aerospace manufacturing presence we have in the city, the more we are likely to attract those white collar admin jobs that take up Class A office space. Boeing has over 500,000 square feet of class A office space, that was built within the last 8 years, but its just not downtown. They could of easily built a tower downtown...but they wanted to be close to Tinker for synergy.

[G.Walker]

https://oklahoman.com/article/560469...ob-to-okc-area

Valkyrie is finalizing negotiations on a temporary lease agreement to begin operations, as well as an agreement to construct a new, approximately 1 million square-foot campus for permanent use, Tafoya said.

[jonny d]

And those companies would hire who exactly?

Which goes back to my initial blame - 23rd and Lincoln. They proved that education was a low priority, and cut it drastically. Will take years of adding to undo those cuts, and help fix OK's reputation.

[BG918]

Which goes back to my initial blame - 23rd and Lincoln. They proved that education was a low priority, and cut it drastically. Will take years of adding to undo those cuts, and help fix OK's reputation.

But then the more educated the population is the more likely they are to vote them out

[jonny d]

But then the more educated the population is the more likely they are to vote them out

Which would be good!

[Pete]

[Plutonic Panda]

Beautiful picture. I can’t wait until the normalcy resumes and we these buildings filled up. I’d like to see just how lively this area would be under those conditions.

[shawnw]

Sandridge selling their tower. Maybe, somewhat like Pete suggested, Heartland and Sandridge should do a swap...

https://twitter.com/StormeJones/stat...90212657172480

[Pete]

I've been following this for a while.

Believe it or not, I'm about 98% sure it's the state of Oklahoma which will be consolidating a bunch of agencies from buildings that are currently leased.

[shawnw]

weird

[Pete]

$35M is a steal for anyone and too good a deal for the state to pass up, which is one of the few entities around with that kind of money.

Every floor of that building was completely redone by SandRidge and is at the very top of Class A office space. I've toured it, and it's gorgeous.

The deal would also include all furnishings (expensive and equally gorgeous), the workout and auditorium facility just to the east, and that big parking garage to the east of that.

Keep in mind, the city is paying $40 million to build just the new parking garage next to the Omni.



Would actually be done through the Commission of Land, which invests in real estate for the betterment of the statewide education budget.

And of course, it would involve moving in lots more employees to the CBD, rather than just shifting them from one building to another which has about all that's been happening downtown for quite a while.

[shawnw]

Like the sound of more EEs in the CBD

[Pete]

BTW, all the news reports are just saying they are listing their building; as in they are putting it up for sale.

So "selling" in this context doesn't mean it's sold.

But I think it already under contract or really close with the state.

[Pete]

Also, these properties have been for sale for some time.

What prompted this series of news reports is that a broker put out a press release about it being formally placed on the open market.

[liirogue]

Also, these properties have been for sale for some time.

What prompted this series of news reports is that a broker put out a press release about it being formally placed on the open market.

Sandridge stated in their earnings release this afternoon that an agreement to sell the building for $35.5 million was signed on May 15th and the sale is expected to close third quarter. Are you saying that they've actually only listed it and anticipate it will be sold by the third quarter?

[gopokes88]

Sandridge stated in their earnings release this afternoon that an agreement to sell the building for $35.5 million was signed on May 15th and the sale is expected to close third quarter. Are you saying that they've actually only listed it and anticipate it will be sold by the third quarter?

Could be one of those things where the govt can’t buy it unless it’s actually on the market. So they “list” it and wow look at that we got a buyer at exactly the price we wanted.

[Canoe]

Could be one of those things where the govt can’t buy it unless it’s actually on the market. So they “list” it and wow look at that we got a buyer at exactly the price we wanted.

Will the government be able to maintain it?

[king183]

The Oklahoma Health Care Authority was very close to moving downtown back in 2011—where OCU Law is currently. But state employees threw a huge fit that there wasn’t enough parking and that they’d have to walk a block to get to work. They ultimately went with the site they are now. That was when downtown was “up and coming,” so attitudes likely have changed.

I suspect that Oklahoma State Department of Health and maybe the Department of Mental Health and Substance Abuse Services could be moved here. They are both in really awful buildings that are falling apart. If OSDH moved here, the state could sell their current building to OU for expansion of OUHSC. That’s pure speculation on my part, though. There are also many reasons it may not be them, such as certain security requirements for ODMHSAS. The Military Dept. and Dept. of Veterans Affairs also could use new offices.

[OKC Guy]

Would love to see TFCU buy it and move HQ there.