Re: 499 Sheridan
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Originally Posted by
Laramie
Agree,
The cost of land in the core has skyrocketed since MAPS I, we spent $16 million for land acquisition for those initial projects (arena, ballpark, library, canal).
The land costs will eventually force developers to build up. They'll need parking & less landscape. Look for a
600-plus room conference hotel, 425 feet range, (twice the height of the Renaissance)
with room for a future 2nd hotel; possibly a twin conference hotel tower development.
Oklahoma City - Metropolitan Area Projects (MAPS)
I can live with that on the South Stage Center Parcel in exchange for the CC being in the REICO lands and they develop the Ford Dealership fronting the Peake (and maybe get some but not all of the Cox land to redevelop as well. I think we should be very careful to reserve land for Office Tower development to expand the CBD or really FILL IN the CBD as it already expands to the South.
As BChris surely will say, there's PLENTY of land available to develop Residential especially so since Residential Towers don't need huge footprint unlike office towers.
Oklahoma City, the RENAISSANCE CITY!
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