OAK (formerly Penn Central)

[Plutonic Panda]

Bummer about the office building not being 11 floors. That was really my favorite part of this entire development.

[Pete]

Bummer about the office building not being 11 floors. That was really my favorite part of this entire development.

??

I didn't say it wouldn't be 11 floors.

I said I didn't know if it would be or not.

[Plutonic Panda]

??

I didn't say it wouldn't be 11 floors.

I said I didn't know if it would be or not.

Ah my bad I misread your post. The taller the better.

[Pete]

I need to be careful about what I share about this development because I don't want to piss off the owners...

But I know the office building (#2) is coming together pretty quickly. I believe they have at least one anchor tenant. Don't know if it will be 11 floors as shown in the rendering, but it will be located on that spot and would almost certainly include an attached parking structure. Would also expect commercial space along the ground floor facing 50th.

I also know they have a deal with a national retailer for spot #1. Can't say anything more at this time but believe it will be a 2-story building.

They have been acquiring homes in the area of the building marked #3. However, they don't yet own everything they would need so I believe this is all very conceptual and would probably be long-term if it happened at all.

My understanding is they are hoping to put together a food hall concept in area #4. And they've shown Cinepolis as the lux theater chain (#5) on some plans, but I'm sure that is just conceptual at this point. That would be a huge get; I lived near one in California and it's way nicer than anything we currently have in the market, a step up from Flix.

It seems now that they are well under construction and have inked deals with some big-time retailers and restaurants, the entire project is starting to come together. They still have a bunch of small spaces for retail and restaurants and I know they've been focusing on new-to-market tenants.

As we've discussed, this project will be nicer than anything else in the state, and probably by a wide margin. It's going to be very exciting to see this all come together in the next couple of years.

Bumping this because it got cut off in the page break.

[Laramie]

Glad to see more infill developments like this. Thanks for keeping us current, Pete.

[stlokc]

Thank you so much, Pete.

Very excited about this development! In and of itself, it's a huge plus. But I'm also hopeful that its presence (and hopefully success) will show others that OKC deserves and can support developments of quality. Hopefully they will spur others in the vicinity to "up their game."

[DelCamino]

I'm hoping for the return of Williams Sonoma.

[onthestrip]

Does anyone know what the very large hole is for between the the hotel and apartments? I can't tell from the renderings. It looks to be 8 to 10 feet deep, and as big as the base of the hotel.

My guess is the hole and the large corrugated pipe on site is for underground water detention.

[Mballard85]

I'm hoping for the return of Williams Sonoma.

This would be huge, it was the only reason I'd ever go to Penn Square.

[soonerguru]

I need to be careful about what I share about this development because I don't want to piss off the owners...

But I know the office building (#2) is coming together pretty quickly. I believe they have at least one anchor tenant. Don't know if it will be 11 floors as shown in the rendering, but it will be located on that spot and would almost certainly include an attached parking structure. Would also expect commercial space along the ground floor facing 50th.

I also know they have a deal with a national retailer for spot #1. Can't say anything more at this time but believe it will be a 2-story building.

They have been acquiring homes in the area of the building marked #3. However, they don't yet own everything they would need so I believe this is all very conceptual and would probably be long-term if it happened at all.

My understanding is they are hoping to put together a food hall concept in area #4. And they've shown Cinepolis as the lux theater chain (#5) on some plans, but I'm sure that is just conceptual at this point. That would be a huge get; I lived near one in California and it's way nicer than anything we currently have in the market, a step up from Flix.

It seems now that they are well under construction and have inked deals with some big-time retailers and restaurants, the entire project is starting to come together. They still have a bunch of small spaces for retail and restaurants and I know they've been focusing on new-to-market tenants.

As we've discussed, this project will be nicer than anything else in the state, and probably by a wide margin. It's going to be very exciting to see this all come together in the next couple of years.

Very exciting. Thank you for the update.

[BoulderSooner]

the operators of legacy hall in plano is in expansion mode they would be a great get ..

[Mballard85]

the operators of legacy hall in plano is in expansion mode they would be a great get ..

Legacy is one of the best food hall's I've been too. If they could get something like that, it would be a massive get for the area.

[warreng88]

I'm hoping for the return of Williams Sonoma.

The developers bought the Red Carpet across the street and there are no plans in place at this time, but that would be a great area for a combined Pottery Barn, PB Kids and Williams Sonoma all in the same area. They are all owned by the same company and who knows, it might help 50 Penn regain some of their retail in the future.

[soonerguru]

Me 15 Years Ago -- "Why can't we get a Crate and Barrel?"

[warreng88]

Me 15 Years Ago -- "Why can't we get a Crate and Barrel?"

I could see that going in at #1 on Pete's pic. I have seen several of them in different cities and that design isn't too far off.

[warreng88]

And looking at the location in Denver across from the Cherry Creek Shopping Center, there is a C&B right next to an Arhaus.

[Bowser214]

Please God let it be a Crate and Barrel!!!!

[soonerguru]

That would be killer.

[chssooner]

And this is why Pete was afraid to say anything. Someone made a leap, and now, if it isn't a C&B, then people will be disappointed and claim they were misled. It happens all the time, and is why Pete was hesitant to post anything until they formally announce tenants.

I know, it is a message board meant for discussion. But when that discussion becomes so forward, and will lead to people running to other sites to post about it, then backlash happens.

[Pete]

The national retailer I mentioned is not Crate & Barrel.

That doesn't mean they still might be included in another spot, but I haven't heard anything about that as of yet.

[Pete]

[chssooner]

Man, they mean business! Love the progress shots, Pete!

[barrettd]

Yes, love when you post these progress pics of this project! And it's moving quickly enough, it seems, that you are able to capture frequent updates with noticeable progress.

[Pete]

Interestingly, they haven't even filed building permit applications for Arhaus, RH or Capital Grille.

No idea when those will start but probably not until the end of the year at the earliest.

I suspect they want to get the apartments, garage and hotel completely framed out before work starts on those other buildings.

[HOT ROD]

ya, makes sense since those are the biggest buildings besides the office tower.

shouldn't take long to build those 3 once the bigger buildings are topped out, then everything opens at the same time.