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Thread: Left Frame Lofts

  1. Default Re: Left Frame Lofts

    Quote Originally Posted by Pete View Post
    Real work yet to start here:
    Drive by it 5 days a week and they've been working pretty steady on it. Just moved out the equipment they were using to compact the base and this morning several loads of rebar had been moved on site. So they should be pouring the footing this week.

  2. #52
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    Default Re: Left Frame Lofts

    There was a piece of heavy equipment in the lot today when I drove by, not sure how long it's been there

  3. #53

    Default Re: Left Frame Lofts





  4. #54

    Default Re: Left Frame Lofts


  5. #55

    Default Re: Left Frame Lofts

    Listed @ $835K.

  6. #56

    Default Re: Left Frame Lofts

    ^

    Yes, it appears they are now being sold as condos, whereas before they had said they would be apartments.

    And priced way over market.

    Reminder they received $165K in TIF money after they presented the units as for lease, not for sale. I'll have to see if they are still in line to receive that money of if there was an approve new plan.


  7. #57

    Default Re: Left Frame Lofts

    When companies make claims of % of presold units, does the city or those providing assistance or subsidies verify the numbers?

  8. #58

    Default Re: Left Frame Lofts

    I verified with the city that this project no longer qualifies for the TIF award.

  9. #59

    Default Re: Left Frame Lofts

    I did not get a picture, but this development is well underway and looks like it's gone vertical.

  10. #60

    Default Re: Left Frame Lofts

    This is their condo listing on Zillow:

    https://www.zillow.com/homes/for_sal...66_rect/15_zm/


    $551 per square foot.

  11. #61

    Default Re: Left Frame Lofts

    Might take some time to fill the building but I am glad they are proceeding through it. OKC needs developments like this. I wish the condos in AA that were scrapped would have happened.

    Any possible word on a commercial tenant? This seems perfect for a locally owned bodega or butcher shop.

  12. #62

    Default Re: Left Frame Lofts

    Units at the Civic are still for sale several years after completion at less than half the price per SF.

    This project will have better views but is otherwise pretty comparable.

  13. #63

    Default Re: Left Frame Lofts

    Seems normal to me. The Argyle recently built in Hollywood is 20 or so story ultra luxury apartment with units starting minimum 4k a month. They informed me my unit will be one of several that no one has lived in yet as they will also be providing free butler service until the building is 90% leased as an incentive. This building has been open for a year now.

    Someone has to take the leap in OKC. Are you sure these units are comparable the Civic Condos? They look nicer in the renderings though I haven't looked at the Civic Condos.

  14. #64

    Default Re: Left Frame Lofts


  15. #65

    Default Re: Left Frame Lofts

    We don’t know the price for the Bower yet? Aren’t those almost finished?

    What about 6100 Grand?

  16. #66

    Default Re: Left Frame Lofts

    Quote Originally Posted by Plutonic Panda View Post
    We don’t know the price for the Bower yet? Aren’t those almost finished?

    What about 6100 Grand?
    That list above is only for the downtown area.

    Bower pricing hasn't been released.

  17. #67

    Default Re: Left Frame Lofts

    Cirrus looks to be dead as well. Looks like charging $800,000+ for a condo is tricky.

  18. #68

    Default Re: Left Frame Lofts

    Quote Originally Posted by onthestrip View Post
    Cirrus looks to be dead as well. Looks like charging $800,000+ for a condo is tricky.
    But work is set to start on the townhomes just to the west on NW 8th.

    Will be interesting to see how they are priced and I understand they did a bunch of value engineering to keep costs down.

  19. #69

    Default Re: Left Frame Lofts

    It's confirmed Cirrus is dead or just suspected due to no on site movement?

  20. #70

    Default Re: Left Frame Lofts

    Quote Originally Posted by Plutonic Panda View Post
    It's confirmed Cirrus is dead or just suspected due to no on site movement?
    As far as I know, they have not been able to do any/much presale.

    These condo projects usually can only be financed if you have a good chunk of presales.

  21. #71

    Default Re: Left Frame Lofts

    From their FB page:


  22. #72
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    Default Re: Left Frame Lofts

    The listings they put up today dropped to $518 and $523 a sq. foot. Practically a fire sale from the $550-plus initially.

  23. Default Re: Left Frame Lofts

    I personally think they are dreaming still but we'll see. Maybe they will sell a few for corporate housing.

  24. #74

    Default Re: Left Frame Lofts

    Where are they listed?

  25. #75
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    Default Re: Left Frame Lofts


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