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Plans to build nation's tallest skyscraper in OKC are still fluid - KOCO Oklahoma City

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AT BRICKTOWN PROJECT. THE HEIGHT RESTRICTIONS BEING REMOVED SO WE CAN BUILD AS TALL AS WE WOULD LIKE TO. AND, UH, ON THE ENTIRE FOUR ACRES, OKC CITY COUNCIL SAYS THE SKY’S THE LIMIT FOR MADISON CAPITAL, THE DEVELOPER BEHIND THE BOARDWALK AT BRICKTOWN PROJECT, THE COUNCIL DECIDED NO HEIGHT LIMIT, WHICH MEANS THEY HAVE THE GREEN LIGHT FOR A TOWER OVER 1900 FEET TALL. OUR ARCHITECTS AND ENGINEERS AND DESIGN GROUP AND GENERAL CONTRACTOR ARE GOING TO BE KICKED OFF TO START FINALIZING THING, UH, THOSE DOCUMENTS TO BE SUBMITTED TO THE CITY FOR UM, PROCESSING AND, AND APPROVAL FOR A BUILDING PERMIT. BUT HE SAYS THE PLANS ARE STILL FLUID IN THOSE PLANS APPROVED BY THE OKC PLANNING COMMISSION. THEY LIST OVER 80 FLOORS OF LUXURY RESIDENCES AND THE GIANT TOWER. THE NUMBER OF UNITS AND HOW BIG THEY ARE THAT THAT COULD CHANGE OVER THE NEXT YEAR. AS WE STUDY THE MARKETPLACE. HE ALSO TOLD ME THE PLANS ACCOUNT FOR AFFORDABLE HOUSING, 48 UNITS AND THE TALLEST TOWER ALONE, PLUS MORE IN THE SMALLER BUILDINGS WE’VE ALREADY PROGRAMED AFFORDABLE HOUSING AND WORKFORCE HOUSING INTO THE ENTIRE PROJECT FROM THE VERY START OF THE PROJECT, UH, SEVERAL YEARS AGO. SO IT’S ALWAYS BEEN INCORPORATED IN THE PLANS. IT’S NOT A REQUIREMENT BY THE CITY OR THE STATE, BUT MADISON TOLD ME IT COULD BE SEVERAL MORE YEARS BEFORE THE PLANNED 134 STORY LEGENDS TOWER IS BUILT. HE SAYS THEY’RE GOING TO START WITH THE THREE SMALLER TOWERS IN THE PLANS FIRST, AND SEE WHAT DEMAND IS LIKE BEFORE THEY START ON THE BIG ONE. FEEL COMFORTABLE THAT THE THE UNITS ARE RENTING OUT AND SELLING. UM, AND THEN ONCE WE’RE COMFORTABLE THAT THE MARKET IS ACCEPTING THE PRODUCT THAT WE’RE BUILDING, WE’LL START ON THE OTHER TOWER, THE HIGH RISE TOWER. MADISON WANTS TO BREAK GROUND ON THE INFRASTRUCTURE OF THE PROJECT NEAR RENO AND SHIELDS IN THE NEXT FEW MONTHS IN OKLAHOM

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Plans to build nation's tallest skyscraper in OKC are still fluid, developer says

He said they are going to start with the three smaller towers in the plans first and see what demand is like before they start on the largest one.

Plans for the nation's tallest building in Oklahoma City's Bricktown is one step closer to becoming a reality, but developers said it isn't clear yet if they will build it as tall as been discussed.| MORE | OKC council vote no height limit for major Bricktown projectA representative of Matteson Capital, the developer of the Boardwalk at Bricktown, said he believes there is demand for the 1,900-foot tower. But if there isn't, it could impact plans for the building. "The height restriction has been removed, so now we can build as tall as we want to and on the entire four acres," said Scot Matteson with Matteson Capital. OKC City Council decided to take away the height limit for the area, meaning developers have the green light for the massive tower. "Our architects and engineers and general contractor will be kicked off to start finalizing those documents to be submitted to the city for processing and approval for a building permit," Matteson said. But he said the plans are still fluid. In the plans approved by the OKC Planning Commission, they list more than 80 floors of luxury residences in the giant tower. "The number of units and how big they are could change over the next year as we study the marketplace," Matteson said. He said the plans also account for affordable housing, with 48 units in the tallest tower alone plus more in smaller buildings in the district. "We’ve already programmed affordable housing and workforce housing into the entire project from the very start several years ago, so it’s always been incorporated into the plans. It’s not a requirement of the city or the state," Matteson said. The developer said it could be several more years before the planned 134-story tower is built. He said they are going to start with the three smaller towers in the plans first and see what demand is like before they start on the largest one. "We feel comfortable that if the units are selling or renting out, and once we feel comfortable that the market is accepting the product that we’re building, we’ll start on the other tower, the high-rise tower," Matteson said. Matteson said he wants to break ground on the infrastructure of the project near Reno Avenue and Shields Boulevard in the next few months. Top Headlines The Great Hall in downtown OKC named among most beautiful restaurants in US Suspect arrested after shooting leads to wrong-way chase down Broadway Extension Bridge begins to crumble after heavy overnight rain in Moore Moore streets flood, causing vehicles to stall out as rain falls Amanda Knox re-convicted of slander in Italy for accusing innocent man in roommate’s 2007 murder

Plans for the nation's tallest building in Oklahoma City's Bricktown is one step closer to becoming a reality, but developers said it isn't clear yet if they will build it as tall as been discussed.

| MORE | OKC council vote no height limit for major Bricktown project

A representative of Matteson Capital, the developer of the Boardwalk at Bricktown, said he believes there is demand for the 1,900-foot tower. But if there isn't, it could impact plans for the building.

"The height restriction has been removed, so now we can build as tall as we want to and on the entire four acres," said Scot Matteson with Matteson Capital.

OKC City Council decided to take away the height limit for the area, meaning developers have the green light for the massive tower.

"Our architects and engineers and general contractor will be kicked off to start finalizing those documents to be submitted to the city for processing and approval for a building permit," Matteson said.

But he said the plans are still fluid. In the plans approved by the OKC Planning Commission, they list more than 80 floors of luxury residences in the giant tower.

"The number of units and how big they are could change over the next year as we study the marketplace," Matteson said.

He said the plans also account for affordable housing, with 48 units in the tallest tower alone plus more in smaller buildings in the district.

"We’ve already programmed affordable housing and workforce housing into the entire project from the very start several years ago, so it’s always been incorporated into the plans. It’s not a requirement of the city or the state," Matteson said.

The developer said it could be several more years before the planned 134-story tower is built. He said they are going to start with the three smaller towers in the plans first and see what demand is like before they start on the largest one.

"We feel comfortable that if the units are selling or renting out, and once we feel comfortable that the market is accepting the product that we’re building, we’ll start on the other tower, the high-rise tower," Matteson said.

Matteson said he wants to break ground on the infrastructure of the project near Reno Avenue and Shields Boulevard in the next few months.


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