ASKING IF THERE’S DEMAND FOR THIS PROJECT. DEVELOPERS HAVE A VISION OF MAKING LOWER BRICKTOWN A DESTINATION. AS IT STANDS, RIGHT NOW IS JUST SIMPLY SOME OPEN PARKING LOTS. WE WE FELT THAT, YOU KNOW, CREATING SOMEPLACE WHERE PEOPLE CAN WORK AND LIVE AND PLAY AND BE IN AN ENTERTAINMENT DISTRICT WITH ALL THE VENUES AROUND IT, IT’S GOING TO BE EXCITING AND PULL PEOPLE INTO THAT MARKETPLACE. CALIFORNIA DEVELOPER SCOTT MADISON, DETAILING HIS VISION FOR THE BOARDWALK AT BRICKTOWN, A MIXED USE COMPLEX THAT HOPES TO BRING RESIDENCES, A HOTEL AND SHOPS TO WHAT’S CURRENTLY A LARGE PARKING LOT IN LOWER BRICKTOWN. BUT WHATRILLIONEALLY GOT ATTENTION ON THE PROJECT. A. 134 STORY RESIDENTIAL TOWER. HE SAYS HE’D BUILD IT IF THE DEMAND IS THERE. DEMAND? HE BELIEVES THE AREA COULD SEE AS THE COMPLEX IS CONSTRUCTED AND OPENED TO THE PUBLIC. WE’RE GOING TO BUILD IT IN PHASES. WE ASSESS THE MARKET DEMAND IN THE GROWTH OF, UH, UH, POPULATION AND EMPLOYMENT GROWING AND IN OKLAHOMA CITY, I DON’T KNOW THAT IT’S GOING TO HAVE ENOUGH ATTRACTION LAWTON, HONESTLY, FOR PEOPLE JUST TO PULL UP STAKES AND SUBURBS AND MOVE TO DOWNTOWN. GARY WHITTINGTON HAS BEEN A REALTOR IN OKLAHOMA CITY FOR 38 YEARS, AND HAS WITNESSED DOWNTOWN’S TRANSFORMATION FIRST HAND. HE SAYS DEMAND FROM BUYERS HAS STEADILY GONE UP, BUT ISN’T ANY CRAZY LEVEL. UM, STATISTICALLY, UM, THE UNITS DOWNTOWN ARE ON THE MARKET MUCH, MUCH LONGER THAN OTHER PROPERTIES IN THE METRO AREA. WHILE. PLANS FOR THE BOARDWALK AT BRICKTOWN DO INCLUDE 48 AFFORDABLE AND 140 WORKFORCE HOUSING UNITS, WASHINGTON EXPECTS THE AREA’S OVERALL LACK OF AFFORDABLE OPTIONS COULD STILL ACT AS AN OBSTACLE TO GETTING THE MEGA TOWER BUILT. THAT’S GOING TO PUT A LOT OF PEOPLE THAT WORK DOWNTOWN OKLAHOMA CITY THAT NEED ENTRY LEVEL HOMES OUT OF THE MARKET. AND IMPORTANT TO NOTE, MADISON, THE DEVELOPE
Could Oklahoma City really support a 134-story residential tower?
So, what does that demand look like for that area?
Updated: 6:14 PM CST Dec 19, 2023
Could Oklahoma City really support a 134-story residential tower?On Monday, a developer aspired to construct a building in lower Bricktown, if the demand is there. So, what does that demand look like for that area?Developers have a vision of making lower Bricktown a destination. As it stands right now, it's just some open parking lots.| MORE | Could the nation's second tallest building be built in OKC?"We felt that creating someplace can live and work and play and be an entertainment district with all the venues around it. It’s going to be exciting and pull people into that marketplace," Scot Matteson, the developer of Boardwalk at Bricktown, said.California developer Matteson detailed his vision for the Boardwalk at Bricktown, a mixed-use complex that hopes to bring residences, a hotel and shops to what's currently a large parking lot in lower Bricktown. Matteson revealed on Monday he now hopes to complete the complex with a 134-story residential tower if the demand is there, demand he believed the area could see as the complex is constructed and open to the public."We’re going to build it in phases. We assessed the market, demand and growth of population and employment growing in Oklahoma City," Matteson said.Barry Whittington, a realtor in OKC for 38 years, has witnessed downtown's transformation firsthand."Don’t know that it’s going to have enough attraction honestly for people to just pull up stakes in the suburbs and move to downtown," Whittington said.Get the latest news stories of interest by clicking here.Demand from buyers has steadily gone up, but it isn't at any crazy level."Statistically, the units downtown are on the market for much, much longer than other properties in the metro area," Whittington said.While plans for the Boardwalk at Bricktown do include 48 affordable and 140 workforce housing units, Whittington expected the area's overall lack of affordable options could still act as an obstacle to getting the megatower built.>> Download the KOCO 5 App"That’s going to put a lot of people that work in downtown Oklahoma City that need entry-level homes, out of the market," Whittington said.Matteson said plans can change to make the tower shorter if demand is lower than what he expects.Top HeadlinesCould the nation's second tallest building be built in OKC?5 in custody after armed robbery suspects lead OKC police on chaseVideo: Woman uses 'mom voice' to scare away moose that was chasing her dogPronouns, gender identity back in spotlight at Oklahoma Department of EducationFirst baby African elephant born at Disney’s Animal Kingdom in 7 years, park says
OKLAHOMA CITY — Could Oklahoma City really support a 134-story residential tower?
On Monday, a developer aspired to construct a building in lower Bricktown, if the demand is there. So, what does that demand look like for that area?
Developers have a vision of making lower Bricktown a destination. As it stands right now, it's just some open parking lots.
| MORE | Could the nation's second tallest building be built in OKC?
"We felt that creating someplace can live and work and play and be an entertainment district with all the venues around it. It’s going to be exciting and pull people into that marketplace," Scot Matteson, the developer of Boardwalk at Bricktown, said.
California developer Matteson detailed his vision for the Boardwalk at Bricktown, a mixed-use complex that hopes to bring residences, a hotel and shops to what's currently a large parking lot in lower Bricktown. Matteson revealed on Monday he now hopes to complete the complex with a 134-story residential tower if the demand is there, demand he believed the area could see as the complex is constructed and open to the public.
"We’re going to build it in phases. We assessed the market, demand and growth of population and employment growing in Oklahoma City," Matteson said.
Barry Whittington, a realtor in OKC for 38 years, has witnessed downtown's transformation firsthand.
"Don’t know that it’s going to have enough attraction honestly for people to just pull up stakes in the suburbs and move to downtown," Whittington said.
Get the latest news stories of interest by clicking here.
Demand from buyers has steadily gone up, but it isn't at any crazy level.
"Statistically, the units downtown are on the market for much, much longer than other properties in the metro area," Whittington said.
While plans for the Boardwalk at Bricktown do include 48 affordable and 140 workforce housing units, Whittington expected the area's overall lack of affordable options could still act as an obstacle to getting the megatower built.
>> Download the KOCO 5 App
"That’s going to put a lot of people that work in downtown Oklahoma City that need entry-level homes, out of the market," Whittington said.
Matteson said plans can change to make the tower shorter if demand is lower than what he expects.
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