OG&E Energy Center

[Spartan]

Well said

[Laramie]

Clever move by Clayco as they tested the waters. They put out a feeler about the initial TIF; then scaled back to $62 million.

[Of Sound Mind]

I'll end the 499 negativity there.

You promise?

Yeah, I didn't think so.

[OKCRT]

I wonder if it is possible to add another 10 stories on the old OG&E building?

[Laramie]

I wonder if it is possible to add another 10 stories on the old OG&E building?

A developer did this in 1982 with the First Oklahoma Tower.

Center: First Oklahoma Tower, Built 1982 - 31 stories; Right: Corporate Tower, Built 1980 - 14 stories

IIRC Dallas developer Vincent Carrozza initially planned 21 stories for the First Oklahoma Tower; seven floors higher that the Corporate Tower. Carrozza finally decided to increase the high by 10 stories which topped it off at 31 stories.

[ljbab728]

A developer did this in 1982 with the First Oklahoma Tower.

Center: First Oklahoma Tower, Built 1982 - 31 stories; Right: Corporate Tower, Built 1980 - 14 stories

IIRC Dallas developer Vincent Carrozza initially planned 21 stories for the First Oklahoma Tower; seven floors higher that the Corporate Tower. Carrozza finally decided to increase the high by 10 stories which topped it off at 31 stories.

It's not quite the same thing to add 10 floors to an existing building compared to adding 10 floors to a proposed building.

[bchris02]

It would be great if they would add 10 floors to the OG&E tower proposal.

[Laramie]

It's not quite the same thing to add 10 floors to an existing building compared to adding 10 floors to a proposed building.

First Oklahoma Tower wasn't an existing building. It was originally proposed for 21 stories, Vincent Carrozza decided to go with 31 stories. There is time to add height to the proposed OG&E Energy Center.

Just tried to answer the concern that Clayco will probably build one office & one residential tower. If that's the case, they still have time to expand the width along with some height to complete one large office & one large residential tower. Many doubters think that they will not build two office & two residential towers.

[Rover]

[QUOTE=bchris02;864145]It would be great if they would add 10 floors to the OG&E tower proposal.[/QUOTE

It would also be great if I was 12 inches taller, 40 years younger, in great shape and could get a $15 million a year contract with the Thunder. Probably about the same odds.

[ljbab728]

First Oklahoma Tower wasn't an existing building. It was originally proposed for 21 stories, Vincent Carrozza decided to go with 31 stories. There is time to add height to the proposed OG&E Energy Center.

Just tried to answer the concern that Clayco will probably build one office & one residential tower. If that's the case, they still have time to expand the width along with some height to complete one large office & one large residential tower. Many doubters think that they will not build two office & two residential towers.

I know that about Oklahoma Tower. You were responding to this and thus my comment.

I wonder if it is possible to add another 10 stories on the old OG&E building?

[Laramie]

I know that about Oklahoma Tower. You were responding to this and thus my comment.

Correction: You referred to the existing building. Why would anyone want to add height to the old OG&E (current) headquarters?

I addressed the proposal OG&E structure by Clayco.

It would be great if they would add 10 floors to the OG&E tower proposal.

[edcrunk]

I wonder if it is possible to add another 10 stories on the old OG&E building?

Of course they can, Tulsa's Cosden building began as a 16 story building built in 1918, but in 1984 they added 20 stories to it. Read about it here Mid-Continent Tower - Wikipedia, the free encyclopedia

[ljbab728]

Correction: You referred to the existing building. Why would anyone want to add height to the old OG&E (current) headquarters?

I addressed the proposal OG&E structure by Clayco.

Please see your post number 1443. You quoted this in your response.

I wonder if it is possible to add another 10 stories on the old OG&E building?

[KayneMo]

Of course they can, Tulsa's Cosden building began as a 16 story building built in 1918, but in 1984 they added 20 stories to it. Read about it here Mid-Continent Tower - Wikipedia, the free encyclopedia

The Cosden Building and the Mid-Continent Tower are two separate structures though. The tower is cantilevered over the original building.

[shawnw]

I thought a couple stories were already added to the current OG&E building years ago and that's why you can see a slight but noticeable difference to the architectural style on I think the top two floors...

[bombermwc]

I thought a couple stories were already added to the current OG&E building years ago and that's why you can see a slight but noticeable difference to the architectural style on I think the top two floors...

I don't think so. I'm not in the know at OG&E, but I would guess that the floor with the different windows (one down from the top) is an exec. floor.

[shawnw]

I don't think so. I'm not in the know at OG&E, but I would guess that the floor with the different windows (one down from the top) is an exec. floor.

That was from an architect on the architecture tour, but I'll try to find something else to back it up.

[Just the facts]

I thought a couple stories were already added to the current OG&E building years ago and that's why you can see a slight but noticeable difference to the architectural style on I think the top two floors...

That is just how they designed buildings back then, when style mattered as much as price.

[RodH]

Doug dawg's blog has an article on OG&E. The addition to the current building is covered. A six story additon was made in 1928.

[shawnw]

Thank you for that. I was thinking it was 2 stories, but now that you say that I remember it was 6.

[Urbanized]

Funny, I was going to say earlier that if indeed any additions had been made to the building it looked like maybe 6 stories or so. You can see slight differences in windows and maybe even a bit in the brick below that point. Adding stories to existing buildings was very common in the past.

[LandArchPoke]

I'll put this question out there... If Clayco has cold feet on doing the residential tower in conjunction with the office tower, why not doing a joint venture with Milhaus for the residential portion? JV's are done all the time, it would reduce some of the risk to Clayco and brings in a partner who has solid residential expertise.

[Pete]

This project could be directly affected by the convention center site move.

Remember, the TIF money for Clayco was to come from a new TIF district which primary purpose was to feed the convention garage and hotel.

But that TIF district was for north of the boulevard and the convention center will almost certainly no longer be in that area.

Thus, we would be looking at creating this new TIF-within-an-existing-TIF just to give money to Clayco.

Alternatively, they could use the existing TIF, which does not have the budget for the $60 million Clayco is seeking, but could provide them incentives more in keeping with past awards (if any TIF money is given at all).

TIF #2 is now projected to produce $126 million and approximately $36 million of that amount has yet to be allocated.

Also as things stand now, increased property tax due to Clayco & Hines improvements (and any new downtown projects) would got into TIF #2 and thus that $126 million would go higher; and probably much higher.

[bchris02]

Do you see this impacting the north parcel at all or just the south parcel?

[Pete]

Do you see this impacting the north parcel at all or just the south parcel?

The TIF request was divided up in four phases; the first two being for the north parcel.

They should be able to fund a reasonable TIF award for all phases with the existing TIF and then let it expire in 2025, rather than creating a whole new one that would last well beyond that time.