1. #3651

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Give me the skyline of Edmonton any day over a couple 1000' buildings. Their tallest building is only 479'.


  2. Default Re: Mystery Tower( speculation, news and ideas) post here!

    If only our CBD sat up on a hill like that....

  3. #3653

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by s00nr1 View Post
    If only our CBD sat up on a hill like that....
    Most of it does. The north bank of the historic flood plain starts at about Main St.

  4. #3654

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Folks, this is amazing! Chesapeake to build a giant skyscraper in downtown OKC:

    Chesapeake Energy announces plans for large skyscraper in downtown Oklahoma City

    Here's the text:

    April 1, 2013
    Royters News Service

    Chesapeake Energy revealed plans today for a massive new skyscraper in downtown Oklahoma City.
    The plans call for a 1300 foot tower to be built on the current site of the First National Center
    building, which will be demolished to make room for the new structure.

    "We're excited to announce this new building", said Fred, a spokesperson for Chesapeake.
    "In fact, we're plumb ecstatic. We feel that this new skyscraper will not only symbolize the
    strength and solidity of our company, but it will just plain knock people's socks off.
    You could say we're putting the 'Peak' into Chesapeake!"

    This development comes as a surprise to many given the financial trouble that the company has
    recently experienced. In the past, Chesapeake has concentrated on purchasing and developing
    real estate far from downtown, much of which is being divested now. But according to Fred,
    that was all part of the master plan.

    "You know, we all got stuck in Aubrey's campus style development plans for a number of years.
    And we went along, because, as you know, Aub is a very persuasive guy", Fred said with a smile.
    "But after awhile, we began to realize it was a little nuts. Now that we've gotten rid of him,
    we can return to our original idea which is to build ginormous skyscrapers in downtown OKC."

    Originally, the company sought to build on the Stage Center site, which had recently been
    placed on the market. But another company got there first. "Yes, we were quite interested in
    the Stage Center site, but then we found out the Exxon Mobil had already purchased it and
    plans to build a 1200 foot tower there." Fred related. "Well, you can imagine our disgust
    at this. I mean, we're not going to let a bunch of bozos from south of the Red River upstage
    us! So, if they can build a 1200 footer, we can build a 1300 footer. See how that works?"

    But with their original desired site no longer available, the company had to scramble to find a
    suitable location. "We were thinking of building in Bricktown because we heard that's where
    all the action is in downtown. In fact, there was a great spot available next to Toby Keith's
    that really had our eye, but what do you know? Kevin Durant decided to build his little
    restaurant there. What are we, cursed or something?", Fred stated with a smile. "But you know,
    we all love Kevin in OKC, so it's alright -- we wish him the best".

    Finally, they managed to find the perfect location. "Well, looking all around downtown we
    realized that there was this old building just sitting there that nobody cared about and so
    we decided, hey, why not." Fred commented. "I mean, the First National Center was cool and all
    back in the day, but it's really old now. Really, really old. So who's going to miss this
    thing? Problem solved."

    When asked if the First National Center might be considered a historical building that will
    be missed by lovers of great architecture, Fred was taken a little by surprise. "Oh really?
    Well, I guess there are always a few of those types that will complain. Anyway, that's the way
    it goes".

    Aubrey McClendon, former CEO of Chesapeake was contacted for comment on this new downtown
    skyscaper. "Wha, really? Man, that's so childish", said McClendon as he rolled his eyes.
    "Look guys, while they're building their meaningless downtown phallic symbol, I will be
    amassing a giant swath of land in the true heart of America, suburbia. And there I will
    create a community of inter-connecting intellectual and social hubs that will rival the greatest
    institutes of learning in the world. Lots of big trees and flowing fountains -- the whole works".

    Construction of the new Chesapeake skyscraper is set to begin July 1, 2013. It will take
    six days to build. On the seventh day they will rest.

  5. #3655

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    I doubt too many people had to get farther than the first line to see its an April Fools post. But it was funny.

  6. #3656

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    April First is the dumbest holiday on the face of the planet.

  7. Default Re: Mystery Tower( speculation, news and ideas) post here!

    I believe this would have been last Friday - says 4 days ago. I do not have a login to see the details, but it says 2.5 billion in loans (secured and Unsecured) had been approved...?



    Sign In


    4 days ago – Centerpoint Energy and Enogex have secured a three-year, US$1.05 billion term loan facility, as well as a five-year, US$1.4 billion unsecured ...

  8. #3658

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    No, this is new info -- obtaining two substantial loans, one secured, one unsecured. A total of 2.45 billion dollars. That's a lot of kale!

  9. #3659

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    They're in a hurry to get something going. The loans mean they don't want to wait for an IPO to generate funds. Maybe it's all just infrastructure. But two and a half billion is a lot of infrastructure. Makes you wonder....

  10. Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by Praedura View Post
    They're in a hurry to get something going. The loans mean they don't want to wait for an IPO to generate funds. Maybe it's all just infrastructure. But two and a half billion is a lot of infrastructure. Makes you wonder....
    $500M to $1.5B for a headquarters and the rest to hire employees and conduct normal business operations.

    It's a lot of money, but a very large chunk of that will be spent on things other than a headquarters.

  11. Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by Praedura View Post
    No, this is new info -- obtaining two substantial loans, one secured, one unsecured. A total of 2.45 billion dollars. That's a lot of kale!
    I was wondering if they now have an official name, since they have actually secured loans ?

    How about CenterGex for a name ???

  12. #3662

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    I think I may have to amend my response to Sid just a bit.

    The info about actually obtaining the loans is new, but the intent of getting the loans may have been out for awhile. A least it appears in the following investor summary:

    http://mlpprotocol.files.wordpress.c...ion-031513.pdf

    This is a good read and has TONS of info about the new MLP. Go grab it.

  13. #3663

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    According to the investory summary pdf, the 1.05 billion (secured) loan is being used to pay off debt CenterPoint owes to a subsidiary. The 1.4 billion (unsecured) loan is being used for liquidity -- i.e. startup cash. So any new headquarters would have to come out of the 1.4 B.

  14. #3664

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by Praedura View Post
    According to the investory summary pdf, the 1.05 billion (secured) loan is being used to pay off debt CenterPoint owes to a subsidiary. The 1.4 billion (unsecured) loan is being used for liquidity -- i.e. startup cash. So any new headquarters would have to come out of the 1.4 B.
    I bet a billion would buy a nice sparkly tower in downtown OKC!

    How much did the Devon tower cost BTW?

  15. #3665

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by OKCRT View Post
    I bet a billion would buy a nice sparkly tower in downtown OKC!

    How much did the Devon tower cost BTW?
    It was reported at $750 million.

  16. #3666

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by WichitaSooner View Post
    It was reported at $750 million.
    ...but I think it came in closer to $500 million, thus the P180 funding problem.

  17. #3667

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    I was thinking today, there better not be announcement today. Would make all of our head's spin off trying to decide if real or not.

  18. #3668

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by Just the facts View Post
    ...but I think it came in closer to $500 million, thus the P180 funding problem.
    No, it was still around $750 million.

    What affected P180 was the fact that more went towards labor and less towards materials; the latter being taxable.

  19. #3669

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Hate to be so cryptic, but I want to give everyone something to look forward to this week following Steve's guidance on another 90 days until something is solid on the Stage Center site. Look for an exciting announcement soon that will be very impressive for OKC. NOT tower or Enogex/CNP related.

  20. #3670

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by huskysooner View Post
    Hate to be so cryptic, but I want to give everyone something to look forward to this week following Steve's guidance on another 90 days until something is solid on the Stage Center site. Look for an exciting announcement soon that will be very impressive for OKC. NOT tower or Enogex/CNP related.
    Is this announcement for something permanent, or an event?

  21. #3671

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by Just the facts View Post
    Give me the skyline of Edmonton any day over a couple 1000' buildings. Their tallest building is only 479'.

    I agree. It's hard to tell how tall buildings are in the distance. A skyline like the above looks great. I wish ours had that density. I think it really becomes impressive when buildings start to overlap each other, when you look past one and see part of another behind it.

  22. #3672

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Just for fun, I was looking for cost estimates to build a generic office building. I didn't think I'd actually find anything. But I wanted at least a ballpark figure to see what it would cost to build, say, a 10 story brick building similar to the Hightower. I think OKC could use a ton more buildings of this size, and there should be many, many entities in the city that could afford to finance something of that scale (as opposed to Devon Tower, where there are a tiny handful of businesses that could afford it and you just have to keep your fingers crossed and hope that they do it).

    Anyway, I ran across this website:

    Construction costs

    If these are accurate, I think it's quite reasonable to think we could spur much more downtown development with a lot more midrises.

  23. Default Re: Mystery Tower( speculation, news and ideas) post here!

    I'd kill to see more midrises in downtown. I love sleek, shiny buildings like Devon, but smaller scale buildings will do so much more for the skyline in terms of density. I like huge skyscrapers, but OKC's skyline is not matured enough to be worried about a super-tall. I do think we'll see some 350-750 footers though over the next 10 years or so.

  24. #3674

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by huskysooner View Post
    Hate to be so cryptic, but I want to give everyone something to look forward to this week following Steve's guidance on another 90 days until something is solid on the Stage Center site. Look for an exciting announcement soon that will be very impressive for OKC. NOT tower or Enogex/CNP related.
    You mean, like a movie being filmed in okc?

  25. #3675

    Default Re: Mystery Tower( speculation, news and ideas) post here!

    Quote Originally Posted by hoyasooner View Post
    Just for fun, I was looking for cost estimates to build a generic office building. I didn't think I'd actually find anything. But I wanted at least a ballpark figure to see what it would cost to build, say, a 10 story brick building similar to the Hightower. I think OKC could use a ton more buildings of this size, and there should be many, many entities in the city that could afford to finance something of that scale (as opposed to Devon Tower, where there are a tiny handful of businesses that could afford it and you just have to keep your fingers crossed and hope that they do it).

    Anyway, I ran across this website:

    Construction costs

    If these are accurate, I think it's quite reasonable to think we could spur much more downtown development with a lot more midrises.
    Thanks for posting that link. As my curent line of work seems to be a dying industry I have been working on what to do next and I would love to get into developing 5 to 10 story buildings. I agree with your assesment of the Edmonton skyline. My favorite skylines are the ones where buildings are all about the same size and close together.

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