They're doing very well. CHKM is their spin off company that just had their IPO. This company was started back in like 2004 and has quickly risen to one of the dominant midstream companies in the USA. It's quite an impressive feat but honestly, nothing surprises me anymore about CHK. Aubrey and company have proven that they should never be underestimated.

Here's more info on CHKM
http://www.chesapeakemidstream.com/Pages/information.aspx

Jethrol, or someone, can you take a minute and explain what is meant by midstream company? I do not really know what you mean, but, I am interested

Upstream: exploration and drilling
Midstream: transportation (pipelines, rail, trucking, etc.)
Downstream: refining & marketing

upstream: Exploration and drilling
midstream: Transportation (pipelines, rail, trucking, etc.)
downstream: Refining & marketing

thank you!!

Upstream: exploration and drilling
Midstream: transportation (pipelines, rail, trucking, etc.)
Downstream: refining & marketing
I actually put treating, refining, and marketing in the midstream but I can also make an argument that marketing is actually downstream. When I think of down stream, I think of companies that deliver to consumers, i.e. ONG but that would also include large industrial consumers.

The Glenbrook Centre East office building just north of the Whole Food site is being demolished, as you can see from a screen capture of the WF construction cam.

This seems to substantiate the rumor a few posts back about an impending demolition to be followed by the construction of a hotel.

They have cleared a lot of land around that WF site now.

http://www.tnttri.com/OKCTalk/glenbrook1.jpg

If anyone happens to go by there soon, please take a mental note to see if the other Glenbrook Centre building (the 5-story structure directly west of the building being razed) is showing any signs of life.

It might be that that building is vacant too and could be coming down in the near future. CHK has cleared or is clearing every other structure in that triangle except the historical building on the SW corner of 63rd & Western.

Drove by this morning, didn't pay attention. I will look on my way home tonight or possibly at lunch.

Go to this site and you can pan from the Whole Foods site and see the demo area and around it.
http://oxblue.com/pro/open/smithandpickel/wholefoods

I saw 60 minutes last night and they had a story with Chesapeake. They were talking about rocks and drilling and some other stuff i didnt understand, then there were people whose drinking water had gas in it that could be lit on fire!

The 60 Minutes story was on extracting natural gas from shale. Aubrey McClendon was featured:

http://www.cbsnews.com/video/watch/?id=7054210n

You can see on the Whole Foods webcam that there are still lights on in the Glenbrook West building, as opposed to Glenbrook East which is certainly in the process of being demolished.

I would suspect that CHK is not renewing leases in the West building and that it will come down too within a year or so.

My dad worked in the Glenbrook East building for quite a few years before they moved to Britton & Broadway.

Wow, now they're tearing down office buildings. If they take down all the Glenbrook towers this may confirm the possibility of them trying to include office space for the general public in their development as well.

The five story building is still occupied. Not empty, at least for now. I love this reworking of commercial space, and the changing landscape that Chesapeake is doing....What a chance to change the entire visual of an area!

The only building occupied is the historical on the NE corner and the bank building on the NW corner, the others are being razed and are fenced off.

Metro, are you saying the Glenbrook Centre West building is fenced off as well?

I saw some lights on there just yesterday but of course, they could be doing demolition work inside.


BTW, that triangle of property bordered by 63rd on the north, Western on the east, Grand on the west and Classen on the south is pretty sizeable; about 30 acres. As a reference point, that's almost exactly the same size as Utica Square.

I thought someone had mentioned the Chesapeake Hotel going in at this location?

Yes, there have been rumors about a hotel on that site but there will be room for much more than just that and Whole Foods.

The white five story tower is not fenced off. I know people that work in that building daily.

Another piece of property for the Chesapeake Empire. This is the southwest corner of NW Expressway and Penn, across from Penn Square Mall.


Chesapeake Land Development Co. from Salvation Army, 5101 N Pennsylvania Ave., $2,000,000.

Read more: http://newsok.com/oklahoma-county-land-sales-saturday-november-20-2010/article/3516308#ixzz15prkNNCY

I've heard rumors Chespeake might be buying the Bruno's buildings as well. That would be another option for an Urban Outfitters, I believe, if it's true.

5100 N. Penn is Red Carpet Car Wash.

Why the heck would Goodwill own it and why would CHK buy it?

I've heard rumors Chespeake might be buying the Bruno's buildings as well. That would be another option for an Urban Outfitters, I believe, if it's true.
There is basically no chance UO would open a store there. There is no retail presence there, they arent going to open a store without it being in a retail dense area.


5100 N. Penn is Red Carpet Car Wash.

Why the heck would Goodwill own it and why would CHK buy it?

The property is at 5101

That would make a great location for stand alone container store.


http://images.containerstore.com/images/locations/large/CHI.jpg

The property is at 5101

Thanks for the correction.

That's the small office building on the SW Corner that Goodwill has owned for quite a while.


I suspect this is part of a trade that CHK is attempting for another property near it's campus... Maybe with the tenants in the Glenbrook West or even the old school at the SW corner of 63rd & Western.

I saw that in the paper. Anyone have an idea what they're going to do with this? (I have my own insane speculation, but I'll save it for a day or so.)

Thanks for the correction.

That's the small office building on the SW Corner that Goodwill has owned for quite a while.


I suspect this is part of a trade that CHK is attempting for another property near it's campus... Maybe with the tenants in the Glenbrook West or even the old school at the SW corner of 63rd & Western.
Wasn't that the Salvation Army building? I know that it has been listed for sale on LoopNet for awhile as well as some others in the area.

I can almost guarantee this property will be used for trade-out for something near their campus...

Betcha we see something on this in the press soon.

Wasn't that the Salvation Army building? I know that it has been listed for sale on LoopNet for awhile as well as some others in the area. Yes. your are correct. This is a prime location for something to be built on preferably upscale retail.

What Pete said. Or a medieval castle or giant oil derrick observation platform/urban outfitters.

You can see on the WF construction cam that CHK already has a lot of it's trees wrapped for Christmas. And since they now own the building on the SW corner of 63rd and Western, the lights go all the way to 63rd on both sides of the street.

http://www.tnttri.com/OKCTalk/chklights.jpg

Already up!?!?!? COOL!

chesapeake already owns the old school building at 63rd and western it closed quite awhile back.

A new crane popped up today on the WF construction cam...

Looks like it's on the north side of 63rd just west of Western. Anybody know what is going on?

http://www.tnttri.com/OKCTalk/113010.jpg

Already up!?!?!? COOL!

They've been up for more than a month. Drive around over there at night, it is ridiculous and they are adding more everyday. I took one or two driveby quick pics last night I will try to post soon.

Here are a few pics I snapped on my way home last night, they are low-quality, but you get the idea for those of you who can't see the trees in person, this is only a very, very small percentage of them.

http://i980.photobucket.com/albums/ae288/snewlon/chk1-1.jpg

http://i980.photobucket.com/albums/ae288/snewlon/chk2-1.jpg

http://i980.photobucket.com/albums/ae288/snewlon/chk3-1.jpg

There is basically no chance UO would open a store there. There is no retail presence there, they arent going to open a store without it being in a retail dense area.

There is significant retail presence along Western within 1 mile though. The current lineup of businesses along Western Avenue are exactly the mix that UO likes to gravitate toward.

I enjoy seeing Chesapeake's lights every year. They do such a bang-up job of those each Christmas and I for one appreciate the dash of color.

You can see today on the WF construction cam that they are once again working on the demolition of Glenbrook Centre West.

...I enjoy seeing Chesapeake's lights every year. They do such a bang-up job of those each Christmas and I for one appreciate the dash of color.

I can certainly appreciate just the time involved in wrapping all of those trees with the lights the way they did. Personally don't care for the multi-color though. Prefer all white as in years past or a other solid color.

I like the red dirt color. It fits that part of town quiet well this time of year.

They are ripping the Glenbrook Center to shreds today. I will be gone in days.

Here's a screen capture of the Glenbrook Centre East demolition in progress.

Many, many fond memories there at the Varsity, Tony Roma's and way back when, Michael's Plum.

http://www.tnttri.com/OKCTalk/glenbrookeastdemo.jpg

Wow!

We have got to work on getting a undercover Chesapeake agent into AM's office to let us know his grand development plans.

Pure speculation here: I'd like to see a development similar to Dallas' West end - perhaps anchored by Nordstrom. I'd also like to see a Landmark Theater in this area. These things would bolster Whole Foods and Classen Curve, and would fill significant voids in the OKC market in upscale retail and independent cinema.

Pure speculation here: I'd like to see a development similar to Dallas' West end - perhaps anchored by Nordstrom. I'd also like to see a Landmark Theater in this area. These things would bolster Whole Foods and Classen Curve, and would fill significant voids in the OKC market in upscale retail and independent cinema.

Now that you mention it, that part of town really could use a theater. Bank on it.

Went by Chesapeak last night on our tour of lights. Here's a few shots.
Trees along Western
http://img.photobucket.com/albums/v291/Mad_Monk/Other/100_8050.jpg

We drove in and parked to get a better look at the campus
http://img.photobucket.com/albums/v291/Mad_Monk/Other/100_8053.jpg

Even a crane was decorated.
http://img.photobucket.com/albums/v291/Mad_Monk/Other/100_8054.jpg

Walking around the pond, snapping photos.
http://img.photobucket.com/albums/v291/Mad_Monk/Other/100_8056.jpg

http://img.photobucket.com/albums/v291/Mad_Monk/Other/100_8061.jpg

Crazy amount of lights in this place!
http://img.photobucket.com/albums/v291/Mad_Monk/Other/100_8062.jpg

http://img.photobucket.com/albums/v291/Mad_Monk/Other/100_8063.jpg

Did they light up the crane? It wasn't lit up last time I was out there.

Those are awesome photos MadMonk! Thanks for sharing.


Just this past week CHK bought Cimarron Place (827 NW 63rd), just across from their campus. $4 million for just over an acre and an assessed value of $1.3 million.

http://www.oklahomacounty.org/assessor/Searches/sketches/picfile/2615/R073376900001uA.jpg

"Chesapeake Empire" expanding into SW Michigan?

It is with tongue in cheek that I direct everyone to a Wall Street Journal page 3 article today that chronicles the fight between Aubrey McClendon and Saugatuck Township, Michigan (he has a summer home there). He proposes to develop "luxury homes; condominiums; a hotel; a marina; and a nine-hole golf course" where the Kalamazoo River joins Lake Michigan. He's paid a tad under $100,000 per acre for 400 acres (a bargain compared to what he's been paying along Western Avenue).

http://online.wsj.com/article/SB10001424052748703395904576025993432953986.html?m od=WSJ_hpp_sections_realestate

Not sure what this could mean, BUT it seems to indicate Chesapeake is about to make a pretty big move... The December 9 Planning Commision agenda included a request to rezone every block between 63rd, Shartel, the Santa Fe tracks, and 57th, plus a little extra- about 14 blocks all together- to a planned unit development zone. The request was deferred to the January meeting. So maybe in January we will see some of CHK's plans for this huge area east of the office campus.

Here is a link to the PDF map of the areas proposed for rezoning (Thanks OKC.gov): http://www.okc.gov/AgendaPub/cache/2/wlacnl55ma1uvj55y2ijkuzv/107838712222010053857148.PDF

Here is a link to the PDF map of the areas proposed for rezoning (Thanks OKC.gov): http://www.okc.gov/AgendaPub/cache/2/wlacnl55ma1uvj55y2ijkuzv/107838712222010053857148.PDF

Shane - busted link, at least with my browser.

Try this: http://okc.gov/AgendaPub/view.aspx?cabinet=published_meetings&fileid=1078387

Here it is... Just re-zoning from mostly residential. A couple of months ago they also asked for permission to close most the streets in the area.

http://www.tnttri.com/OKCTalk/chk122210.jpg

http://www.tnttri.com/OKCTalk/closures2.jpg

Curious, but how do we stand on closing of streets? Doesn't that destroy the grid? Does that create "super blocks"?

I'm not entirely sure how to interpret the white lines. Do the open lines indicate streets they intend to close? 62nd east of Shartel. 61st from Classen to Shartel. 60th from Classen to Francis and east of Shartel. Etc. What do the solid white lines indicate?

^^ Solid lines look like alleys, open rectangles are streets. Think they already got approval to close these rights of way.

This either opens it up for Chesapeake to make a massive strip center, or to make a development like Lower Bricktown where the pedestrian and vehicular pathways are privately owned (pseudo-public, like a lifestyle center).

Definitely would be better if they kept the streets open and worked in the grid, but I'm sure their development will be nice. They seem to be trending more urban in their architecture, as with the new glassy building right against 63rd St.

Yes, all those streets and alleys highlighted in white in the one aerial were approved to be closed by the city council. I believe they want to close most the others as well, but there are still a few properties they don't yet own.

^^

They seem to be trending more urban in their architecture, as with the new glassy building right against 63rd St.

Contemporary architecture is not the same as urban.

The bigger this gets, it starts reminding me of the Microsoft Campus in Redmond, WA --- it is simply HUGE, but well done, this could be (already is) quite similar in potential.

I took some time today and re-read through this entire thread and had forgotten that CHK had said two years ago that the earliest they would remodel the south part of NH Plaza was 2010, as they had signed tenants to two-year leases with options to go month-to-month afterward. So, we are now in a period where they could move people out of there and commence work.

I know they are still trying to work a deal with the City of NH to move to the church building and that they have yet to receive approval for major construction on that site, but I bet they are working towards it. No matter what, it will take some time to get that project done and by then the retail market should be much better, as it's already improving.

So, they have that huge tract around Whole Foods, all that land east of Classen and south of 63rd that they are getting re-zoned, all of NH Plaza and most of everything east of Western and north of 63rd. When they are ready, they are poised to launch some very big projects.