Just curious but are they building out the apartment spaces as spec work or they going to build out the insides of most of those as they are leased? Like model home approach or just build out the whole complex approach?
Just thinking that depending on how the rebuild all the services like water/electric/HVAC, that it may or may not be easy to do it one unit at a time but maybe one floor at a time. I'm thinking water pumps, transformers/etc. But if they do it one unit or floor at a time, it could also save a LOT on the initial investment. Also means you have build time for the first tenants so you aren't "move-in" ready.
Anyone also have any feel for how downtown's residential numbers are doing in this crazy market? OKC is not San Fran or anything, but we're also not sending people to work downtown like we were either.
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