Central Business District

[Plutonic Panda]

2/12/2015

[skanaly]

2/12/2015

We must of crossed paths that day haha

Took this the same day

[Plutonic Panda]

Nice!

[Plutonic Panda]

I frequently go to downtown and never once had any parking problems.

Supply and demand: City officials working to solve downtown parking problems | KFOR.com

[Architect2010]

I believe the article leans more towards the parking for employees who work downtown versus someone who visits leisurely. I have no problem going downtown and parking in the Bass Pro or a random parallel parking space and walking to the rest of my destinations in the CBD/Bricktown/wherever. However an employee is much less willing, and rightfully so, to have to walk long distances or leave their car unprotected and far away for 8-10 hours.

The article was very short and a rehash of what we've heard before, but at least Cathy O' Connor admits that we have a limited transportation system that does not adequately meet the needs or conveniences of our downtown workers, let alone our entire city. It could help ease parking congestion downtown but instead we're focusing on parking garages because that sort of system is apparently too far away from reality. That should have been the header to the entire story.

[Stickman]

Coring going on, NE corner of Reno and Walker. Is this the last piece to the OCURA puzzle?

[Bellaboo]

Coring going on, NE corner of Reno and Walker. Is this the last piece to the OCURA puzzle?

Sounds like the south Clayco site ?

[Pete]

Sounds like the south Clayco site ?

It's the Dunn Law Office building that Clayco has under contract.

[Stickman]

Not sure if this is SOSA district or not, heard from a second source they are tearing down a warehouse in the 800 block of W. Robert S. Kerr. I believe it is just north of the county jail.
I'm not sure but I think it is the old McCubbin building. Not sure if the property has been purchased or not.

[Pete]

Not sure if this is SOSA district or not, heard from a second source they are tearing down a warehouse in the 800 block of W. Robert S. Kerr. I believe it is just north of the county jail.
I'm not sure but I think it is the old McCubbin building. Not sure if the property has been purchased or not.

It was recently purchased and it's directly north of the jail.

Not sure of the plans.

[shawnw]

yeah i noticed people there recently

[GoldFire]

I find it odd that we aren't seeing more office-oriented developments. Office space was fairly slim pickings a year or two ago, but we are looking for a new space right now and there's practically nothing available. Seems like the demand is there, would love to see more supply.

[Pete]

Both 499 Sheridan and OG&E Energy Center will have for-lease space.

The Parkside Building is completely available, as is the Dowell Center. Lots of smaller for-lease projects in Bricktown such as The Plow and 2 E. Sheridan.

Tons of vacancy at Chase Tower.

Wouldn't be surprised if SandRidge Tower was soon available.

[GoldFire]

Both 499 Sheridan and OG&E Energy Center will have for-lease space.

The Parkside Building is completely available, as is the Dowell Center. Lots of smaller for-lease projects in Bricktown such as The Plow and 2 E. Sheridan.

Tons of vacancy at Chase Tower.

Wouldn't be surprised if SandRidge Tower was soon available.

Interesting, I've contacted the brokers for most of those places and have been told they mostly have nothing available. Maybe they just aren't interested in smaller companies.

[AP]

Not sure where to put this, but found it very interesting: http://www.cbre.us/o/dfwmarket/real-...K-markets.aspx

[adaniel]

Interesting indeed. Thank you for posting.

Unfortunately a cousin of mine was let go from his general contracting job in Houston about 3 months ago....says its U-G-L-Y down there with regards to commercial construction. In that regard OKC has fared much better, which this article seems to back up.

[Pete]

Houston and to a lesser extent Dallas consistently way over-build office space then go through big down periods where it takes a long time to absorb. It's one of the reasons you haven't seen a new significant office tower in downtown Dallas in decades.

The last spec office building of major size in OKC was Leadership Square and that opened 30 years ago.

[Richard at Remax]

I know its not all spec space but drove down the Tollway in Dallas from 380 to Downtown and there are some impressive structures in Frisco area going up for being so far out.

[adaniel]

Houston and to a lesser extent Dallas consistently way over-build office space then go through big down periods where it takes a long time to absorb. It's one of the reasons you haven't seen a new significant office tower in downtown Dallas in decades.

The last spec office building of major size in OKC was Leadership Square and that opened 30 years ago.

Very true. I was in Houston this past April and the amount of development that has occurred along the Energy Corridor is shocking. More disturbing though....we were driving through that area at dusk right when the buildings become illuminated. And since we were in an epic traffic jam on I-10 I could get a good look at the buildings and tell more than a few of them were "see-through", i.e. completely empty.

DFW as a whole is doing much better in that regard but even downtown Dallas is still about a quarter vacant, with a lot of buildings constructed in the 80s boom now in danger of being completely obsolete.

The funny thing is I can find posts here on this board, most likely from 2007-2010 lamenting on how little office development there was in OKC compared especially to Houston since both places are big oil centers. You ride the boom harder, you tend to catch the bust harder as well.

[Eric]

Houston and to a lesser extent Dallas consistently way over-build office space then go through big down periods where it takes a long time to absorb. It's one of the reasons you haven't seen a new significant office tower in downtown Dallas in decades.

The last spec office building of major size in OKC was Leadership Square and that opened 30 years ago.

I wonder if the lack of vertical development in Downtown Dallas had a lot to do with horizontal development pattern. There have been plenty of significant office space developments in the area, just not downtown. There are millions and millions of square footage in the periphery of Dallas. Nothing like this exists in OKC even on a proportionally reduced scale.

[Pete]

^

Right, but much of that for specific tenants already in hand and certainly not in million SF increments.

[Eric]

^

Right, but much of that for specific tenants already in hand and certainly not in million SF increments.

There is plenty of spec spaces in Legacy, Las Colinas, Addison, Frisco, Richardson.

The following is all being built along the tollway currently (in addition to what already exists):
Frisco square - 1.5 Million - Spec
Wade Park - 1.0 MIllion - Spec
Crown Centre @ Castle Hills - 150K - spec, part of a 3 million sf Class-A office and retail development

and to boot FedEx HX & the Dallas Cowboys are also moving to the neighborhood.

So yes, millions at a time are being added to the periphery of Dallas.

Hall Office Park is also on the tollway - 3 Million (all be it in 16 buildings).

[Pete]

Not at the same time, Eric and we are talking about rental office space, not retail, multi-family etc.

Hence my "million SF increments" comment.

A 50 story building is approximately a million square feet, built all at once by one group.

Very different that an office park / mixed-use development situation.