OAK (formerly Penn Central)

[Plutonic Panda]

Did they scale the height back down again?

[David]

A building permit application has been filed for the hotel.

Plans reveal the operator will be Gatehouse Capital which is based in Dallas and has a large hotel portfolio: https://www.gatehousecapital.com/

It will be called The Hotel at Oak and be part of the Tapestry Collection by Hilton, a first for the state: https://www.hilton.com/en/tapestry/


They have started to mark out the new alignment for NW 50th and work on the hotel should coincide with the apartments and first phase of restaurants and retail. Drone photo is from yesterday:

Does this mean there are building permits for all of phase I, or those buildings up at the corner still not to that point yet?

[Pete]

Does this mean there are building permits for all of phase I, or those buildings up at the corner still not to that point yet?

There will be 2 free-standing buildings along NW Expressway and they have not filed building permits for those yet.

[MagzOK]

We are Hilton Honors members and will stay at their Curio or Tapestry series of hotels if they have one where we travel. That'll be really nice add for this area.

[Pete]

There is now a construction fence around the Registry building, so I would expect them to start demo of the east section in the near future.

[Pete]

This is the east end of the Registry Building. In the second photo, you can see they are starting to demolish the interior of that section.

[Pete]

This (Saturday) morning, they started removing the skylights from the east end of the Registry Building so a portion of it can be demolished, making way for the new alignment of NW 50th.

[Pete]

It looks like the plan is to demo everything to the east of what was the eastern atrium.

[Pete]

I had previously posted the plans for the hotel were put out to bid a couple of months ago.

Today, they filed their building permit application for the hotel, and they are identical to the bid plans.

Always takes a few months for the permit to be issued, but this looks like it will be starting this summer, about the same time as the apartments.

I believe we'll see the majority of this project under construction then, and the three retail/restaurant parcels along NW Expressway should be starting soon as well.


This project will completely transform the area.

[GaryOKC6]

I spoke with Colin at Gateway last week. they are excited to be coming into the OKC market. They are definitely a class act.

[Pete]

[OkiePoke]

I expect your drone to have full time monitoring as it's so close to you, Pete!

[Pete]

After that section of the Registry building comes down, then they can start on the realignment of NW 50th.

The apartments and hotel will follow.

[BoulderSooner]

After that section of the Registry building comes down, then they can start on the realignment of NW 50th.

The apartments and hotel will follow.

is the entrance off of NW expressway new or was that always the plan?

[Pete]

is the entrance off of NW expressway new or was that always the plan?

It's been in the plan for a while.

Also, a southeast bound stop for the BRT will be right in front of this property on NW Expressway.

[BoulderSooner]

It's been in the plan for a while.

Also, a southeast bound stop for the BRT will be right in front of this property on NW Expressway.

good deal thanks Pete

[Pete]

[Pete]

[HOT ROD]

can't wait for this!

[Pete]

[Pete]

[PaddyShack]

Boy, this will make PSM look dumpy, haha.

[Rover]

Don't know if it will make PS look "dumpy", but it sure will be a good real life referendum on what shopping environment people in OKC will prefer. If successful it could spawn a renaissance in commercial development here.

[Pete]

With that section of the Registry now completely removed, we should start to see movement on the realignment of NW 50th.

Then, construction in earnest -- hopefully this summer -- on the apartments, hotel and rest of Phase I.

[David]

Ideally speaking this could be a boost to the entire area, Penn Square and 50 Penn Place included. Nobody benefits from PSM turning into a failed mall, certainly not a shopping center catty-corner across the intersection.