Originally Posted by
Urbanized
The old Mercy Hospital -- which was admittedly derelict perhaps beyond redemption, not to mention built in a way that actively discouraged redevlopment -- was demolished nearly 14 years ago to make way for an accepted OCURA project. It was NOT demolished on spec. That project ended up not happening, as did a subsequent project on the same plot of land. The Edge has yet to turn dirt; they "hope" to turn dirt by next Fall. I, too, hope it happens.
Devon was built on land that was cleared nearly 40 years prior, on spec. Devon would have been built somewhere else downtown if that land were not available. The availability of that property is not what triggered the building of Devon Tower.
Tearing down old buildings doesn't cause new ones to pop up; that's the lesson of OKC's urban renewal era. Clearing property does not create new development; it never does. Market demand for new development creates new development. Sometimes that results in clearing land to accommodate the new, and that is usually OK, provided the new use is higher and better.
Bookmarks