American Energy Partners

[Pete]

Any word on if/when they'll develop the property at Broadway and Wilshire?

They have wildly ambitious plans for that site but not until the price of oil comes back.

[ljbab728]

As per Brianna:

http://www.oklahoman.com/article/543...ichols%20Hills

American Energy Partners LP founder Aubrey McClendon wants to build an $11.7-million, five-story glass office building in Nichols Hills.

[Pete]

That building is for one of their subsidiaries and will feature a top floor with living units.

AEP is still planning to build an ambitious campus east of Broadway Extension and north of Wilshire on land McClendon owns. It's been on hold due to low energy prices. In the meantime, they continue to lease tons of space at several suburban buildings, all formerly occupied by Chesapeake before they consolidated everyone back to their main campus.

I was told McClendon and the top AEP execs will stay on the top floor of the Harvey Parkway building for the foreseeable future.

[ljbab728]

That building is for one of their subsidiaries and will feature a top floor with living units.

AEP is still planning to build an ambitious campus east of Broadway Extension and north of Wilshire on land McClendon owns. It's been on hold due to low energy prices. In the meantime, they continue to lease tons of space at several suburban buildings, all formerly occupied by Chesapeake before they consolidated everyone back to their main campus.

I was told McClendon and the top AEP execs will stay on the top floor of the Harvey Parkway building for the foreseeable future.

Unless Brianna is wrong, it's not for a subsidiary of AEP.

The building, proposed for 6403 NW Grand Ave., would house McClendon's personal business offices, and would not be affiliated with American Energy Partners, Nichols Hills Mayor Peter Hoffman said.

[Pete]

Should have said, not for the core AEP business.

[urbanCOWBOY]

On the AHMM website, they have renderings of the new fitness center. American Energy Partners LP AHMM - ALLFORD HALL MONAGHAN MORRIS

[Pete]

Very cool!

Here is a recent construction photo:

[Martin]

glad to see they're finally doing something with this... how many years has the frame just been sitting there? -M

[Pete]

glad to see they're finally doing something with this... how many years has the frame just been sitting there? -M

Ironically, they didn't end up using the frame at all.

This started off as a wine storage facility for McClendon but then he had his famous margin call and the half-barrel steel skeleton stood rusting for a few years.

Then, they proposed this fitness center on the same site with the same general building profile, but they took down the old steel frame and put up a similar but entirely new one.

Not sure if they intended to use the old frame then figured out they it wouldn't work, or were merely trying to mimic the original wine storage design for some reason.

[zookeeper]

AEP is still planning to build an ambitious campus east of Broadway Extension and north of Wilshire on land McClendon owns...
In the meantime, they continue to lease tons of space at several suburban buildings, all formerly occupied by Chesapeake before they consolidated everyone back to their main campus.

Déjà vu

[Dustin]

On the AHMM website, they have renderings of the new fitness center. American Energy Partners LP AHMM - ALLFORD HALL MONAGHAN MORRIS

Ok... That is so cool!

[jn1780]

Déjà vu

Hasn't happen yet and I don't see it happening in the near future. Could be a while before we see energy prices recover. He seems to proceeding with a "Lite" version of his ambitions dream for now.

[Pete]

Just for some perspective I've been told by people who know that McClendon's plans for the AEP campus are significantly more ambitious than what he did at Chesapeake.

And remember, the CHK campus started very small and took a decade to develop. This would happen much faster.

[Bellaboo]

Just for some perspective I've been told by people who know that McClendon's plans for the AEP campus are significantly more ambitious than what he did at Chesapeake.

And remember, the CHK campus started very small and took a decade to develop. This would happen much faster.

Aubrey, If you're reading this, how about selling that space out on Broadway Ext and move downtown........ we can only dream.

[zookeeper]

Aubrey, If you're reading this, how about selling that space out on Broadway Ext and move downtown........ we can only dream.

Too far to drive.

[Pete]

He also owns that land off Broadway and they have already paid for the architecture and planning.

A friend of mine is high up at AEP and told me, "This will have a similar impact as Devon Tower on OKC." As I said, very ambitious plans.

[Bellaboo]

Too far to drive.

I've always thought that too. He must not like to commute.

[bombermwc]

I wouldn't get too excited about Naughty Aubrey yet. AEP's growth is going to substantially slow down with prices falling so much....as with the rest of the industry. IF the new environmental plans from Obama kick in, then you'll see a surge in natural gas as coal plants are retired. That would definitely boost AEP, but I would imagine that the very people that would benefit (mostly Republican business owners like Aubrey) are part of the very same party that will refuse to allow it to happen....remember they still think climate change isn't real and that we're too regulated already.....ha, laughable. anyway..... Aubrey is a textbook example of one of those CEOs that thinks he should be able to do whatever he wants on his whim, regardless of what sense it makes to anyone else. I've worked with CEOs like that before and it can be great, IF that energy is focused on the employees and making the business solid. Unfortunately, Aubrey has shown his intent is to get his greasy fingers into personal profit ventures that leach off of the companies he's leading. The man is attempting to build a 5 story building just to house people working for his entrepeanuereal arm!!!! Personally, I don't believe a word he says.....not to mention that building a building on that land would be awful...much like the Oklahoman's eyesore in the field.

[fromdust]

Aubrey McClendon's New Empire Fights For Survival As Oil Slump Deepens

[Pete]

They opened their new fitness center this week.

[Pete]

AHMM just won a nice award for the fitness center:

http://www.ahmm.co.uk/newsitem.aspx?...itecture-Award

[Pete]

Working it out: American Energy gym up for sale
By: Sarah Terry-Cobo The Journal Record November 17, 2016

OKLAHOMA CITY – The American Energy Partners Fitness Center at 6800 N. Classen Boulevard is for sale.

Price Edwards is handling the sale through a bid process, said Tre Dupuy, office broker with Price Edwards. He said he and firm co-founder Ford Price are handling the sale.

“There’s no specific asking price,” Dupuy said.

Bids are due by Jan. 21, though the date could change. Potential buyers will go through a due-diligence process before Dupuy and Price choose the next owner.

A buyer could purchase the fitness equipment along with the building, but that could also be sold separately, Dupuy said. The building comes with 0.7 acres on the northwest side.

The building and land are valued at about $3 million, according to the Oklahoma County Assessor’s website. Personal property associated with the address is valued at $1.13 million.

Aubrey McClendon founded American Energy Partners LP in 2013, shortly before he left Chesapeake Energy Corp., the natural gas drilling giant he co-founded in 1989 and led as chief executive. He died in a car crash on March 2. American Energy Partners closed May 17.

The sale of any of McClendon’s more costly assets could be subject to review by creditors in his probate case. His estate has agreed to more oversight on asset sales with a fair market value of more than $5 million. Those reviews would not be public, and the creditors are banned from disclosing proposed asset sales to anyone else.

The agreement came about because of worries that his stake in the Oklahoma City Thunder basketball franchise could be sold off for less than it’s worth.

London-based architecture firm Allford Hall Monaghan Morris designed the fitness center building. The half-cylinder-shaped structure was originally built to store McClendon’s wine collection, which once numbered as many as 100,000 bottles.

The 28,685-square-foot fitness center’s details are reminiscent of Chesapeake Energy Corp.’s lavish, 70,000-square-foot gym. The company’s staff aimed to provide all the amenities employees might use to get ready for work and eliminate the need to bring one’s own toiletries.

American Energy Partner’s gym was built with two racquetball courts, a basketball court, rows of cardio machines, weight-lifting machines and an 11-foot rock-climbing wall. A second, underground floor contained rows of free weights, a stretching area with more than a dozen specialty foam rollers, and several studios for fitness classes.

The building held an extensive music library, which included McClendon’s personal workout playlists. Employees and friends could connect their own devices with an auxiliary cord to listen to their own music on racquetball courts.

The locker rooms were stocked with salon-quality hair products and styling tools and brightly colored towels: pink and yellow in the women’s and blue and red in the men’s.

When the gym opened in October 2015, it featured a grab-and-go food station with nutritious, carefully portioned meals from Provision Kitchen, a restaurant in Nichols Hills Plaza. Eatery owner Whitney McClendon is American Energy founder Aubrey McClendon’s daughter-in-law.

[jn1780]

It would be a cool headquarters for a small company.

[Pete]

OKLAHOMA CITY BALLET TO EXPAND THROUGH BUILDING DONATION AND PURCHASE

Feb 8, 2017
Oklahoma City Ballet to Expand through Building Donation and Purchase

Oklahoma City, February 8, 2017 ― Oklahoma City Ballet today announced the acquiring of two facilities to expand the mission and reach of the organization, which works to present the finest in classical and contemporary dance to Oklahoma City. The ballet company’s current building was recently donated to the organization from Chesapeake Energy Corporation. In addition, the Ballet is under contract to purchase the American Energy Partners Fitness Center to serve as the organization’s new home for the professional company, administrative offices, and its school, The Dance Center of Oklahoma City Ballet.

The new facility will increase the organization’s available space from 8,000 square feet and three studios to more than 28,000 square feet with the potential for nine studios.

“These buildings, and this expansion, will usher in a new era for this company,” said Executive Director Shane Jewell. “We are celebrating our 45th anniversary season which is an incredible benchmark for the organization, but to take this company to a new level, we needed to secure larger facilities. We are honored to grow the arts and culture of Oklahoma City, and these acquisitions are significant milestones in that effort.”

The Ballet’s current location will become overflow for dance classes and the organization’s costume and prop shop, with flexibility to change to meet the needs of the company in the future.

“We’re experiencing a good problem – our organization is running out of space as we serve more students at our school and elevate the quality of our performances,” said Jewell. “This building donation enables us to free up administrative costs and dedicate them to other expenses, allowing us to focus on being one of the premier ballet companies in the country. We could not be more grateful to Chesapeake for their support.”

Gordon Pennoyer, Chesapeake’s Director of Communications & Investor Relations said, “Chesapeake is pleased to support Oklahoma City Ballet and the high-caliber performances and arts education it shares with our community.”

Part of the Ballet’s mission is to bring ballet to those who would not otherwise have the opportunity to see or participate in ballet classes and performances. ArtsReach, Project Plié, BalletReach, BalletKids Club, and Golden Swans are some of the programs that support the mission. The added resource of additional space will be integral to the growth of these programs.

“With the purchase of this iconic building and the gift of their current studios, Oklahoma City Ballet will be transformed,” said Larry Nichols, a past President of the Oklahoma City Ballet Board of Trustees. “The Ballet will have facilities that match the exceptional quality of performance and instruction happening in the company,” added Sally Nichols Starling, board President-Elect. “The School will be able to increase its enrollment. The Ballet’s outreach capabilities will be able to grow with the additional space. The entire community of Oklahoma City will benefit from a thriving and vibrant Oklahoma City Ballet.”

“In short, Oklahoma City Ballet acquiring these buildings is transformative,” commented Artistic Director Robert Mills. “We are a performing arts organization that already attracts dancers from all over the world to dance in our company. Plus we have the industry’s leading choreographers represented in our repertoire. Our school is flourishing and our community outreach is strong. Now that we have firm footing underneath us with the procurement of these buildings, I am even more excited for the future and our ability to serve Central Oklahoma even better than before with additional classes and educational experiences in dance for youth. We at Oklahoma City Ballet are incredibly grateful to our supporters and to our community.”

The sale of the new facility, located at 6800 North Classen Blvd, is set to close on February 15. The company intends to use the new space starting in June 2017 with the Summer Intensive Training Program. For more information, please visit www.okcballet.org.

[turnpup]

This is very good news! What an amazing facility, and a great new use of the space. It's exciting to see our arts community developing and growing here in OKC.