Quote Originally Posted by Pete View Post
Yes, it's arguably the best location in all of OKC and there are no apartments anywhere close. It's a unique situation.

And yes, construction costs have gone up but so have rents and there is no reason to think they won't continue to escalate, especially when you have a monopoly on for rent property in such a great location.


They still own the land and they have a ton of sunk costs in plans, permitting, architecture, etc.

I sure hope they get built. There are still two commercial plots north of this property designated for restaurants, as well as the empty lot directly north of Whole Foods.
This is especially the case given that rents are stagnant or declining in other second and third tier markets that have historically been more attractive than a city like OKC. The sunbelt (where Hines has some, but admittedly not a huge presence), Austin, etc.