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

[s.hoff]

I now have it under good authority that the buyer is OG+E AND Enogex/CenterPoint.


Trying to get more clarification but I believe this means they will be housed in the same tower, which increases the likelihood of it being of significant height.
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Darn. I was really hoping for twin towers. Oh well, can't complain!

[Praedura]

Darn. I was really hoping for twin towers. Oh well, can't complain!

I was thinking the same thing!

[CaptDave]

On the downside, the announcement may get shifted to Monday due to last minute issues.

Dammit Pete! On the other hand, we wouldn't want it to interfere with Steve's Livechat....

[G.Walker]

I would suspect that the press release will announce the sale, and plans for the site. I think they would give details, like size and scope, but no renderings. I think renderings will come at a later date...as long as they don't say we are going to "redevelop the site", lol.

[Pete]

To summarize...

We've heard from two reliable sources that:

1. A deal has been struck to sell the Stage Center site
2. It will close either this Friday 7/26 or next Monday 7/29
3. A press release will be issued by the new owners after the close
4. Interviews are being scheduled with the media
5. OG+E will be the buyer in conjunction with the new Enogex/CenterPoint entity

Less clear but likely that:

• There will be a new tower built on that site
• It will be in the 30 to 40 floor range
• There will be retail/restaurants on the first one or two floors

Educated projections:

• A parking garage will be part of this
• This only involves the Stage Center site, not the property directly south
• At least some of the new Enogex/CenterPoint entity will be located in OKC, but not necessarily all

Unclear at this point:

• If this will be the Enogex/CenterPoint headquarters
• The possibility of future expansion to surrounding properties
• If renderings or building details will be revealed in the press release and/or interviews

[HangryHippo]

Is the buyer also getting the land to the south and not utilizing at this time, or did they decide to only buy the Stage Center site?

[Pete]

Is the buyer also getting the land to the south and not utilizing at this time, or did they decide to only buy the Stage Center site?

I believe the only property changing hands in this transaction will be the Stage Center site.

Could be possible there is an option for other properties but I don't think that will be part of this initial deal.

[HangryHippo]

I believe the only property changing hands in this transaction will be the Stage Center site.

Could be possible there is an option for other properties but I don't think that will be part of this initial deal.

Perhaps Continental could take that southern site when they decide to build.

[Thundercitizen]

Same here. The fact that OG&E and Enogex and Centerpoint are buyers mean we just lost a projected tower?

[HangryHippo]

Same here. The fact that OG&E and Enogex and Centerpoint are buyers mean we just lost a projected tower?

Looks that way.

[Bellaboo]

Same here. The fact that OG&E and Enogex and Centerpoint are buyers mean we just lost a projected tower?

But if combined, it'll be a much taller tower at that..

[Pete]

Same here. The fact that OG&E and Enogex and Centerpoint are buyers mean we just lost a projected tower?

Talk about the glass half empty!!


Perhaps this is just the beginnings of a longer-term plan?

Also, it's fantastic news that at least part of the Enogex/CenterPoint entity will be in OKC.

[PhiAlpha]

Same here. The fact that OG&E and Enogex and Centerpoint are buyers mean we just lost a projected tower?

And potentially lost the enogex HQ to Houston. At least that seems more likely now.

[HangryHippo]

And potentially lost the enogex HQ to Houston. At least that seems more likely now.

Yep, looks like Houston wins. Although, didn't Sid recently post a link saying that there's another conference call scheduled for August 1st for the new MLP? We should find out for certain here soon.

[Bellaboo]

Yep, looks like Houston wins. Although, didn't Sid recently post a link saying that there's another conference call scheduled for August 1st for the new MLP? We should find out for certain here soon.

Having a hard time why anyone thinks Houston won ??? I've read or heard nothing that relates to that. For that matter, if Enogex and Centerpoint are involved in the sale, sounds like it'll be here..?

I read the CNP conference call and it says nothing about the MLP.

[BoulderSooner]

Yep, looks like Houston wins. Although, didn't Sid recently post a link saying that there's another conference call scheduled for August 1st for the new MLP? We should find out for certain here soon.

i think his link was just the centerpoint earnings call ..

[dcsooner]

And potentially lost the enogex HQ to Houston. At least that seems more likely now.

I thought this may be the case all along. Not standing by any longer with baited breath for signficant announcement

[Bellaboo]

I thought this may be the case all along. Not standing by any longer with baited breath for signficant announcement

If it's a 40 floor major skyscraper would that count as significant ?

[BrettM2]

[/B]

If it's a 40 floor major skyscraper would that count as major ?

Not when the opportunity to be dramatic presents itself. You should know that after 2,200 posts.

[hoya]

I thought this may be the case all along. Not standing by any longer with baited breath for signficant announcement

Bated breath. As in "abated" or shortened. Baited breath means you been eatin' minnows.

Sorry.

[warreng88]

Or OG&E and is building on the Stage Center site and Enogex, Centerpoint will build a new tower on the site south of this in the near future...

[Rover]

I don't understand the negativity.

OGE is the managing partner, is it not? I would prefer to read into this that the new venture is remaining in OKC near to its managing partner.

[G.Walker]

I think OG&E is just purchasing the site on behalf of the Enogex/Centerpoint MLP, and the Enogex/Centerpoint MLP will build tower on that site. OG&E will build tower behind office on N. Hudson.

[BoulderSooner]

I think OG&E is just purchasing the site on behalf of the Enogex/Centerpoint MLP, and the Enogex/Centerpoint MLP will build tower on that site. OG&E will build tower behind office on N. Hudson.

i think this could be correct

[jedicurt]

I think OG&E is just purchasing the site on behalf of the Enogex/Centerpoint MLP, and the Enogex/Centerpoint MLP will build tower on that site. OG&E will build tower behind office on N. Hudson.

This is what i am hoping is correct.