Alley North (Old Dolese Headquarters)

[warreng88]

Rose Rock? They still haven't even started Boulevard Place and Alley's End.

I wonder if the partnership with Pivot will move this along, but Pivot still has the hotel on NE 23rd, Industry, 12th and Hudson and I'm sure a few others I am missing.

[bison34]

Pete did mention these are not likely to begin for a while. So I wouldn't worry too much that Rose Rock is attached. And Pivot does good work, so they will help the project have some credibility.

[josefromtulsa]

Isn't this rumored to be a commuter rail stop?

Yes as well as Santa Fe Station.

While the commuter line has still a long, long way to go it would suck to see any development here not seriously consider the potential for that line to happen.

[Sean Kanaly]

If this proceeds, talk about a transformation of this area. 2 huge projects side by side

[onthestrip]

I'm sure everything is completely conceptual at this time.

Don't believe they have their financing yet.

$100 dollars they come with their hand out to OCURA or city council for TIF money.

[bison34]

$100 dollars they come with their hand out to OCURA or city council for TIF money.

It would be fiscally irresponsible not to.

[David]

Is this area even in a TIF district? Seems awfully far from downtown for that.

[Tyson]

If this proceeds, talk about a transformation of this area. 2 huge projects side by side

Thanks for this! This is much needed north of Downtown.

[David]

Is this area even in a TIF district? Seems awfully far from downtown for that.

Replying to myself, based on Pete's map in the TIF Districts thread it looks like this site is too far north to be in TIF district #2, and I can't imagine there's one setup for the mostly residential area of midtown north of 13th.

[Pete]

Replying to myself, based on Pete's map in the TIF Districts thread it looks like this site is too far north to be in TIF district #2, and I can't imagine there's one setup for the mostly residential area of midtown north of 13th.

Don't worry, they'll just amend an existing one or add a new one.

They do it all the time and the two developers involved have been involved in scores of projects with public incentives.

[David]

Don't worry, they'll just amend an existing one or add a new one.

They do it all the time and the two developers involved have been involved in scores of projects with public incentives.

Oh, duh, what was I thinking.

[caaokc]

Yes as well as Santa Fe Station.

While the commuter line has still a long, long way to go it would suck to see any development here not seriously consider the potential for that line to happen.

What are the rumored stops between Edmond and Norman?

[Dob Hooligan]

Back in the 1990s, Tony Basolo was a friend and mentor to me, as he was to many people. He was “Assistant to the President” at Dolese then. I think he succeeded Roger Dolese as President following Mr. Dolese’s death in the early 2000s.

I remember him telling me a few times how Dolese had acquired and banked this land for the purpose of providing the base of a substantial project for OKC in the 21st century.

I think this fits their vision.

[EtanEiko]

Back in the 1990s, Tony Basolo was a friend and mentor to me, as he was to many people. He was “Assistant to the President” at Dolese then. I think he succeeded Roger Dolese as President following Mr. Dolese’s death in the early 2000s.

I remember him telling me a few times how Dolese had acquired and banked this land for the purpose of providing the base of a substantial project for OKC in the 21st century.

I think this fits their vision.

How cool! People with this sort of foresight blow my mind.

[Anonymous.]

There is above ground utility lines that run directly through this property. This project looks very nice. Adding a dense pocket of residential here would help justify expanding the streetcar N on Broadway to 23rd.

[onthestrip]

It would be fiscally irresponsible not to.

And it would be fiscally irresponsible for the city to give it. Somehow the grandest and nicest mixed use project in the states history (OAK) is currently getting built yet is doing it without TIF money. That tells me its unnecessary here as well. Theres not even some old building theyre retrofitting nor any environmental issues that usually gets developers TIF money, its just retail and apartments, stuff that happens all over the OKC without any help.

[bison34]

And it would be fiscally irresponsible for the city to give it. Somehow the grandest and nicest mixed use project in the states history (OAK) is currently getting built yet is doing it without TIF money. That tells me its unnecessary here as well. Theres not even some old building theyre retrofitting nor any environmental issues that usually gets developers TIF money, its just retail and apartments, stuff that happens all over the OKC without any help.

I don't disagree with you. Just saying they will likely ask, and there is nothing wrong with asking.

[Rover]

And it would be fiscally irresponsible for the city to give it. Somehow the grandest and nicest mixed use project in the states history (OAK) is currently getting built yet is doing it without TIF money. That tells me its unnecessary here as well. Theres not even some old building theyre retrofitting nor any environmental issues that usually gets developers TIF money, its just retail and apartments, stuff that happens all over the OKC without any help.

Maybe if you could move Nichols Hills, Glenbrook, et al near to 13th and Broadway they wouldn’t need to ask for TIF either. Or, if you had the traffic count of NW Expressway. The two sites are very, very different in their current economic demographics.

[onthestrip]

Maybe if you could move Nichols Hills, Glenbrook, et al near to 13th and Broadway they wouldn’t need to ask for TIF either. Or, if you had the traffic count of NW Expressway. The two sites are very, very different in their current economic demographics.

Then maybe the market should speak for itself and this doesnt happen here instead of TIF money skewing the market.

And they are different in other ways. Assembling multiple parcels from different owners is a time consuming and expensive process, yet OAK still managed it with no TIF. Alley North is one property from one seller, pretty straight forward. If the purchase price is too high at Alley North to make it work, then let it sit for either the next buyer to make it work or the seller adjusts its price. Instead too often its "hey OCURA, this wont pencil so give us money to make it happen."

[Rover]

Then maybe the market should speak for itself and this doesnt happen here instead of TIF money skewing the market.

And they are different in other ways. Assembling multiple parcels from different owners is a time consuming and expensive process, yet OAK still managed it with no TIF. Alley North is one property from one seller, pretty straight forward. If the purchase price is too high at Alley North to make it work, then let it sit for either the next buyer to make it work or the seller adjusts its price. Instead too often its "hey OCURA, this wont pencil so give us money to make it happen."

Well, that is one way. If that were the way downtown went then it would be a sad place with no MAPS and no TIF. OKC would be wildly different, and not in a good way.

[rte66man]

Back in the 1990s, Tony Basolo was a friend and mentor to me, as he was to many people. He was “Assistant to the President” at Dolese then. I think he succeeded Roger Dolese as President following Mr. Dolese’s death in the early 2000s.

I remember him telling me a few times how Dolese had acquired and banked this land for the purpose of providing the base of a substantial project for OKC in the 21st century.

I think this fits their vision.

Yes, he succeeded Roger Dolese as President. I knew him and his wife Judy. Such gracious people.

[Pete]

Just saw this project is in line to receive $4.5 million in funding assistance from the City.

Looks like there is forward movement.

[onthestrip]

Just saw this project is in line to receive $4.5 million in funding assistance from the City.

Looks like there is forward movement.

Funding assistance? Does that mean TIF or something else?

[Pete]

Funding assistance? Does that mean TIF or something else?

Not TIF; I believe it will be a low-interest loan.

[yukong]

Not TIF; I believe it will be a low-interest loan.

TIF it is according to this mornings paper. 4.5 million for phase one. And then the developers say a TIF for phase two. First phase is an office building, apparently pre-leased, a parking garage and a 120 room boutique hotel, as well as some retail. Phase two will be apartments and more.