G.Walker simply stated his opinion (not his "hopes or desires") that he doubts this project gets started before the end of the year, and I tend to agree with him. Your response to him simply voicing his opinion was waaay over the top, but that happens on this website more often than one would expect.
8 year olds, dude.
Saw on an agenda today there will soon be a first vote to give this project $200MM in TIF and another $5.5MM in captured sales tax.
The total capital investment would be $550MM, meaning public incentives would be paying for 37% of this project.
This does not include the Dream Hotel, as the Omni has a covenant that restricts TIF use for hotels within this area.
Doesn't say anything about height but does mention a 900-unit residential complex (should be two towers), a public parking structure, and 59,000 SF of retail/entertainment space.
I sure plans will be following soon.
37%?! what a joke
Wow this will be a pretty big development. Lots of TIF money but this will be pretty exciting. Hopefully we get renderings soon.
To put that 900 number into perspective, that would be like combining, LIFT, Steeylard and The Edge.
Would be by far the biggest housing development downtown and probably the entire city.
So a Dream Hotel and 900+ residential units? Or just the residential units?
37% is a lot, but I've basically come to learn that OKC will always overpay, especially on something like this. If it works, other developers will follow, and likely get less in TIFs or request less, knowing high-rise development can be successful.
Scared money don't make money.
I believe The Metropolitan is the largest apartment complex downtown and it only has 330 units. 900 would be nuts.
I was googling and found this. It says there is a 1,128-unit apartment complex at 9401 S. Shartel Drive called Brookwood Village. It says it is the largest in the entire state state. Not sure how accurate it is.
Weighing the good of a 900 unit double tower apartment complex in one hand and the 37% public fund in the other. Hard not to be more excited about the former.
From my experience, developers don't go for the ask until they feel they have the support they need from the City.
I bet we see detailed renderings within the next 2-3 weeks.
Looking back at the articles and all the information I could find on this development I keep seeing the 150 units number for residential. The 900 units would be 6x what they originally stated for the 1 tower. If 900 is indeed the number that would be much larger (wider/taller) and at least 2 towers?
The latest plan called for 4 towers, with 3 of them residential built in phases. So 900 across 3 towers is not a shock.
Sorry, I missed the latest plans when looking back through the thread. So with it being 900 units we are looking at 3 towers, like the most recent plans showed, with at least 20 stories each. Would be cool to see them have different heights to really diversify the the skyline and overall look of the development. Maybe a 25, 20 and 15 stories.
Even if they built half of what is currently planned, that would be a win.
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