The Strata (former Goodwill property)

[chssooner]

I just hope OKC doesn't get burned by this and SF. That prime real estate needs to be carefully developed. And based off thre fact that this particular parcel has not been properly accounted for, and the developers have not been held accountable for almost 3 years, my confidence is waning a bit that the areas surrounding the park will get developed to the level they need to be.

[G.Walker]

Since the project is leaked, they should go ahead and do a press release, lol.

[Pete]

I just hope OKC doesn't get burned by this and SF. That prime real estate needs to be carefully developed. And based off thre fact that this particular parcel has not been properly accounted for, and the developers have not been held accountable for almost 3 years, my confidence is waning a bit that the areas surrounding the park will get developed to the level they need to be.

They have an absolute ton of money invested and anything they build has to pass design review.

Even if they can't get it off the ground, they'll have to sell some or all to another developer.

[G.Walker]

So I wonder if the developer penalties were waived and maybe was granted an extension due to the pandemic in 2020?

[sgt. pepper]

He still has to build on that site and it will have to be something similar.

It could very well be that those are the somewhat final plans and they just didn't want them released quite yet.

We'll find out for sure when they formally submit design plans for approval.

i just hope it is not another glass box. These renderings look awesome!

[taha]

I went into the rabbit hole that is Mazaheri properties after a recent comment on the Boulevard thread and realized that this was the same property apart of the land-swap deal(?). How confident are we that developers really begin construction by June 2023? I tried to look up the owners PARKSIDE RETREAT LLC online and only found a inactive status on opencorporates.

[Pete]

I went into the rabbit hole that is Mazaheri properties after a recent comment on the Boulevard thread and realized that this was the same property apart of the land-swap deal(?). How confident are we that developers really begin construction by June 2023? I tried to look up the owners PARKSIDE RETREAT LLC online and only found a inactive status on opencorporates.

They have already missed deadlines for plan submission.

Mazaheri is an attorney I suspect he'll fight the city (just as he did to gain control of this property in the first place) as he just sits on that land for years to come.

He hasn't done anything with the large vacant lot just east of Cowboy Ranch and the old lumberyard property just to the south of Lower Bricktown, and he's owned both far longer.


BTW, I was told by someone who used at work at the architectural firm that those amazing renderings have no basis in reality; they were just a very splashy conceptual idea.

[taha]

Ah, had no idea what i was talking about. Who is parkside retreat llc? belongs to Mazaheri? thanks for the insight by the way, these lots should be a hotspot of mixed-use areas by now.

[Pete]

Ah, had no idea what i was talking about. Who is parkside retreat llc? belongs to Mazaheri? thanks for the insight by the way, these lots should be a hotspot of mixed-use areas by now.

Yes, Fred Mazaheri is Parkside Retreat LLC.

He also owns Hilltop LLC which controls the property along the park to the south.

[Canoe]

It really is a case of a private person taking advantage of public investments without giving anything in return.

[Pete]

Mazaheri splashing out millions for commercial acquisitions but has done exactly zero at this property where he has already missed deadlines required by the City:

Fred Mazaheri, Champ Patel and partners including local Oklahoma investors have announced their purchase for $24.6 million of a retail center in north Oklahoma City. Memorial Square is located at the northeast corner of Memorial Road and N. Pennsylvania Avenue. The shopping center consists of 123,557 square feet situated on a little more than 14.5 acres, the investors said in a release. The acquisition will be the third such center the group has purchased within a year, adding to their retail investment portfolio.

[TheTravellers]

Mazaheri splashing out millions for commercial acquisitions but has done exactly zero at this property where he has already missed deadlines required by the City:

Has he been penalized or sued for missing the deadlines? And if not, why not?

[chssooner]

Has he been penalized or sued for missing the deadlines? And if not, why not?

Friends in high place, along with some built-in apathy.

[HOT ROD]

Has he been penalized or sued for missing the deadlines? And if not, why not?

No, he's been rewarded with the after-the-fact approval of a large parking lot on the lumberyard - this after he illegally did so for many months without any scrutiny other than on OKCTalk. ...