Health Center projects part of building boom in Oklahoma City
GROWTH FIVE STRUCTURES UNDER WAY CARRY TOTAL PRICE TAG OF $534 MILLION
Imagine if someone announced that more than $500 million of construction and up to seven new buildings would rise up practically all at once on the edge of downtown Oklahoma City.
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Cranes are popping up throughout the 325-acre complex with five buildings under construction and two more expected to start this fall.
"This is incredible,” said Hershel Lamirand, chief executive officer of the Oklahoma Health Center Foundation.
"The past 18 months have marked an incredible growth period for us. It only compares to what we saw in the early 1970s with the ‘HERO’ bond.”
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Meanwhile, JoeVan Bullard, director of the Oklahoma City Urban Renewal Authority, confirms that construction is set to start on a $25 million Embassy Suites and a $4 million headquarters for the Oklahoma Independent Petroleum Association on land the agency controls in the health center district.
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Lamirand said the Oklahoma Health Center intentionally limits commercial development, preferring that employees and visitors cross Interstate 235 and patronize businesses and restaurants downtown.
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