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    Published on 10-13-2014 04:23 PM

    Earlier this month, OKCTalk.com posted a story about Edmond-based TEEMCO, a company which had received a great deal of positive exposure and press where bold claims of the company and its chief executive were published without scrutiny or verification.

    We documented in great detail key information which had not been previously reported, including the extensive criminal histories of its two top executives, dubious academic claims, concerning business activities, stalled work on its proposed new headquarters and extravagant spending. See our exclusive report: “Troubled times at TEEMCO”.

    Now, our continuing investigation has uncovered something even more serious: Allegations that TEEMCO has engaged in practices whereby millions in federal taxes have gone purposely unreported and unpaid.

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    Published on 10-15-2014 09:12 AM
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    The beautiful new Von Maur department store is already open on a "soft" basis ahead of it's official grand opening on October 18th.

    More about this project here: Von Maur article and discussion thread
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    Published on 10-14-2014 11:27 AM
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    Several years ago Oklahoma City Community College (OCCC) bought two buildings in the middle of downtown Capitol Hill. The buildings have been empty dating back before their purchase.

    Now, the school has just revealed plans to completely remodel the structures and offer a wide array of classes.

    Go to: Forum discussion on this topic

    The east building was built in the 1940's and was first home to Allen 5-10-15 Store, and then Langston's. Later, the building for Kat's Drug Store was constructed to the west.

    The ambitious renovation plans call for the remake of both buildings, a space of 27,919 square ...
    Published on 10-02-2014 09:36 AM
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    TEEMCO LLC, an oilfield engineering company based in the Oklahoma City suburb of Edmond, thrust themselves into the spotlight over the last year, signing huge endorsement deals with the Oklahoma City Thunder, The University of Oklahoma, Oklahoma State University, and local CBS television affiliate KWTV, among others.

    Go to: Forum discussion on this topic

    TEEMCO made another big splash when they announced plans to purchase and renovate the historic Gold Dome building in central Oklahoma City, with their CEO Greg Lorson comparing the building's positive electromagnetic energy to golf bracelets and revealing plans that included massive aquariums and the world's largest salt crystal lamp.

    But as these audacious deals were being signed and promoted, TEEMCO and it's chief executive were mired in legal and financial issues, and the troubles appear to be quickly escalating.
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    Published on 10-10-2014 10:53 AM
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    The owners of the Wormy Dog Saloon are proposing a new live music venue for the east end of Bricktown, dubbed Criterion Concert Hall.

    Go to: Forum discussion on this topic

    In 2012, the group bought two properties that were part of the former Stewart Steelworks. This project would be on the eastern end of the block, a parcel of .77 acres with the .73 acre parcel directly to the west. The existing metal buildings on the eastern lot are to be demolished.

    The largely brick building would be 39,606 square feet with a u-shaped upper mezzanine and a capacity of 4,200, coincidentally the exact same as the Brady Theater in Tulsa.
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    Published on 10-03-2014 06:21 PM
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    The University of Central Oklahoma is moving forward with plans to open classrooms in the heart of downtown.

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    A building permit application was recently submitted to finish out 8,400 square feet on the lower level of Carnegie Centre.


    UCO plans to use the space to expand their presence by reaching out to working adults with a broad range of lower division, upper division and graduate courses.
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    Published on 09-24-2014 11:19 AM
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    The old Bank of America drive-thru facility at 425 Robert S. Kerr has sold to local investors who are planning a building with retail, parking and offices.

    Go to: Forum discussion on this topic

    The .7231 acre parcel was sold for $1.8 million to an LLC owned by Mazaheri Properties of Oklahoma City. Mazaheri owns the Bricktown Power Alley Parking Garage and several shopping centers and commercial properties primarily along the Memorial Road corridor.
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    Published on 09-22-2014 02:08 PM
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    As we were first to report in March, Corner Bakery will open it's first location in Oklahoma on N. Pennsylvania Avenue, just north of Memorial Road.


    Construction is moving quickly, and the local franchisees have targeted December 18, 2014 for opening.

    A total of 3 to 4 locations are planned for the Oklahoma City area. The next location will be in Norman, as negotiations are in the final stages to acquire property near I-35.
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    Published on 09-19-2014 03:50 PM
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    Plans are in the works to convert an old electric sub-station into offices and a yoga studio.

    There will be a small addition but apart from new windows and some clean up, the original building will be left largely as-is. Note the cool old wire insulators that are still embedded in the building's walls.

    Location is 2412 N. Ollie, on the southeast corner of Ollie and NW 24th.



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    Published on 09-17-2014 04:23 PM
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    This week heavy demolition equipment moved onto the site of the Morris A. Mechanic Theater in the heart of downtown Baltimore.


    The Mechanic opened in the late 60's, was designed by renowned architect John M. Johansen, sported highly polarizing concrete architecture from the genre now known as brutalism, had been abandoned and neglected for a number of years, experienced several failed revitalization efforts and campaigns to save it, and was purchased by a local developer who won controversial approval to raze it in favor of a high rise complex.

    Haven't we seen this movie before?

    It turns out people in Oklahoma City certainly have, ...
    Published on 09-15-2014 06:26 PM
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    In August of 2013, an LLC headed by local developer Ron Bradshaw purchased the old Page Woodson School and announced plans to redevelop the historic structure into housing. The school is just to the south of the booming Health Sciences Center in near Northeast OKC.



    Go to: Forum discussion on this topic

    The school is situated in the middle of several blocks owned by the Oklahoma City Urban Renewal Authority (OCURA) and after receiving a proposal from Bradshaw's group to develop the surrounding properties as well, OCURA decided to issue a formal RFP to determine if there may be other developers who may be interested.

    In OCURA's meeting this Wednesday, they ...
    Published on 09-15-2014 05:53 PM
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    As we first reported in April, Oklahoma City will get it's first Vitamin Shoppe across from Quail Springs Mall on Memorial Road.

    Vitamin Shoppe is a New Jersey-based chain of 500 stores that offers thousands of nutritional supplements through it's stores and website. They have a location near Woodland Hills Mall in Tulsa.

    The OKC store will have just over 3,000 square feet and is set to open September 20th.
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    Published on 09-12-2014 12:55 PM
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    As OKCTalk first reported in early June, several key properties in the heart of Bricktown were under contract to be sold to a group headed by local broker/investor/developer Andy Burnett.

    The County Assessor just recorded the sale of the half of these properties (labeled 5 through 8 below) in a $5.8 million transaction that closed September 2nd.

    The four properties represent 3 historic buildings that total 34,800 square feet of office space and a surface parking lot. We have heard from reputable sources there are active plans to sell off the parking lot to another ...
    Published on 09-12-2014 02:57 PM
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    The Western Avenue Association is planning to enhance the community along its district’s corridor by commissioning local artists to create murals at five different sites. The participating artists have been vetted by the Association’s Selection Committee and chosen based on established criteria.

    Go to: Forum discussion on this topic
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    Published on 09-10-2014 04:50 AM
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    The City of Oklahoma City recently contracted with Populous, a large architectural firm and master planner who is also behind the planning for the new MAPS 3 convention center.

    The stated goals of the Convention Center District Concept Plan:
    • Identify the most viable sites for private development relating to and integrating to the convention center and hotel facilities
    • Define the recommended character of the district to facilitate its function as “center for conventions”, weaving the project into the existing urban framework
    • Create a unified pedestrian experience, connecting each primary hug of activity and linking
    ...
    Published on 09-10-2014 05:46 AM
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    This 32-unit apartment complex in the heart of the Paseo Arts District just sold to an investment group headed by Jeremy Foraker for $1.35 million. Foraker is also the developer for the newly announced restaurant and office complex proposed at NW 28th & Walker.

    Go to: Forum discussion on this topic

    The Market at Paseo was built in 1966 in the Mediterranean style that is typical of the district, and features a well-landscaped courtyard.
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    Published on 09-09-2014 03:03 PM
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    Chase Bank has submitted an application to the Downtown Design Review Committee to rebuild on the triangular property they own at 3rd & Brodway.

    The existing structures -- a small bank building and two large banks of drive-through lanes -- were built in 1972 by Liberty Bank. At that time, Oklahoma Banking laws prohibited banks to have more than one location and any ancillary facilities were required to be within a few blocks of the headquarters. This is one of several old banking drive-through facilities around the periphery of downtown, all remnants of failed downtown banks and defunct laws.

    The proposal calls for a 4,000 square foot bank building on the far north end ...
    Published on 09-09-2014 10:23 AM
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    The Clark Building and small parcels on either side have sold to Robert Meinders for $3.75 million.

    Go to: Forum discussion on this topic

    The historic warehouse was purchased and the renovated into a dream home by Larry and Regina Waters, with commercial space on the ground floor. Recent health problems prompted the couple to put the property on the market.

    Meinders is a local investor and developer who recently sold the former Stewart Metal buildings in east Bricktown to Gary Brooks, which is now being developed into the Steelyard. He also owns property on the NE corner of Walnut & NE 4th which ...
    Published on 09-05-2014 11:43 AM
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    $28.9 million in building permits were filed today for the first phase of the Steelyard, the first large apartment complex in the Bricktown district.

    Go to: Forum discussion on this topic

    The project is being developed by Gary Brooks who is currently wrapping up a similar project in Midtown called The Edge at Midtown. That complex is expected to open to new tenants in the next month.

    Steelyard will offer 250 apartments, retail space along Sheridan, a parking structure and a Hyatt Place hotel, which will be developed separately.

    The site was the former home to ...
    Published on 09-05-2014 10:46 AM
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    In August of 2012, an LLC affiliated with SandRidge Energy purchased the 1.83 acres shown in yellow below from OPUBCO for $1.97 million.

    Go to: Forum discussion on this topic

    We know from several good sources that LandRun Commercial (developers of The Rise) now has the property under contract.

    This parcel is surrounded by land owned by the City of Oklahoma City (show in pink) and was once considered for the new headquarters of the Chamber of Commerce. Combined with the SandRidge property, this vacant site is over 3.4 acres; by way of comparison, the ...

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