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Thread: Classen 16

  1. #101

    Default Re: Classen16

    Quote Originally Posted by Spartan View Post
    What is the building facade material?
    Not sure. Something we have yet to see in OKC, that's for sure.

  2. #102

    Default Re: Classen16

    In the rendering it looks really good, so I'll be curious if real life turns out that way. We know what happened with LEVEL...

  3. #103

    Default Re: Classen16

    Love the rendering of this.

  4. #104

    Default Re: Classen16

    Any update on this project? Really looking forward to this one. Great gateway to the Plaza.

  5. #105

    Default Re: Classen16

    They are trying to get financing nailed down.

  6. #106

    Default Re: Classen16

    Update on this?

  7. #107

    Default Re: 1701 N. Classen

    Is this still happening??

  8. #108

    Default Re: Classen16

    They are still trying to get financing.

  9. #109

    Default Re: Classen16

    Thank you for the update. Are you confident this will happen?

  10. #110

    Default Re: Classen16

    Probably not the easiest to get financing for multifamily housing right now with the softening of the market. Several of the new smaller housing projects that have recently been finished look empty.

  11. #111

    Default Re: Classen16

    Quote Originally Posted by onthestrip View Post
    Probably not the easiest to get financing for multifamily housing right now with the softening of the market. Several of the new smaller housing projects that have recently been finished look empty.
    Which?

  12. #112

    Default Re: Classen16

    Quote Originally Posted by Pete View Post
    Which?
    The Old Town House Motel, the one east of the Plaza, and the Flamingo all appear to be empty. This is just based on driving by, so I could be wrong.

    I would like to know the occupancy of the lift too. I do see many more of the balconies with stuff but it does seem pretty quiet for over 300 units. Then again, in the article about the lift sale, it said it was 95% full. So I may not know what I'm talking about.

  13. #113

    Default Re: Classen16

    ^

    The 3 you mentioned will fill up; give them time.

    Overall the occupancy rate of newish downtown / urban housing is still very high.

  14. #114

    Default Re: Classen16

    Quote Originally Posted by onthestrip View Post
    The Old Town House Motel, the one east of the Plaza, and the Flamingo all appear to be empty. This is just based on driving by, so I could be wrong.

    I would like to know the occupancy of the lift too. I do see many more of the balconies with stuff but it does seem pretty quiet for over 300 units. Then again, in the article about the lift sale, it said it was 95% full. So I may not know what I'm talking about.
    The one east of the Plaza is absurdly expensive and weirdly sterile.

  15. #115

    Default Re: Classen16

    Any news on this?

  16. #116

    Default Re: Classen16

    They are close to finalizing financing and should be starting soon.

  17. #117

    Default Re: Classen16

    Quote Originally Posted by Pete View Post
    They are close to finalizing financing and should be starting soon.
    Cool cool. Thanks!

  18. #118

    Default Re: Classen16

    IMO this is one the most important developments in the entire core. Canít wait to see this one get started.

  19. #119
    Join Date
    Jun 2011
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    Default Re: Classen16

    From Steve's chat this week...

    Q: Pivot Project: What is the latest on your 16th and Classen proposal?

    Ben Sellers, Pivot Project: I am happy to announce that equity and debt have been secured and we will be breaking ground within 75 days — as designed. It will be 48 units, 3,800-square-foot restaurant. We have an LOI (letter of intent) with an undisclosed operator.

  20. #120

    Default Re: Classen16

    Does anyone know what is going on with the gas station across the street from here? It's been closed for several months (at least) and has broken windows, but the sign out front says opening soon. They were also messing around with a billboard yesterday. It is right behind homeland.

  21. #121

    Default Re: Classen16

    Quote Originally Posted by cinnamonjock View Post
    Does anyone know what is going on with the gas station across the street from here? It's been closed for several months (at least) and has broken windows, but the sign out front says opening soon. They were also messing around with a billboard yesterday. It is right behind homeland.
    Rick Dowell (yes, that Rick Dowell) bought it a few months ago.

    No permits of any sort have been issued.

  22. #122

    Default Re: Classen16

    Just my opinion but there are a couple of other projects he needs to start and finish before tackling ANYTHING ELSE.

  23. Default Re: Classen16

    Quote Originally Posted by Pete View Post
    Rick Dowell (yes, that Rick Dowell) bought it a few months ago.

    No permits of any sort have been issued.
    nooooooooooooooooooooooo

  24. #124
    Join Date
    May 2008
    Posts
    6,321
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    1

    Default Re: Classen16

    One would assume that everything he buys takes capital away from renovation projects. It seems obvious he is trying to create value by waiting for others to make his property more valuable and not by actually creating value himself. These are poor corporate citizens that do that. They just try to surf in the wake of others.

  25. #125

    Default Re: Classen16

    The city just gave Dowell an incredible gift in totally reworking Western Ave. between his parking lots and the office buildings at 2000 Classen.

    Now, it's only 2 lanes instead of 4, has landscaped medians, dedicated and well-marked ped crossings and even flashing lights so office workers can easily move between the buildings and all that surface parking.

    I wish they would have withheld it until he reopened the Dowell Center downtown.

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