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Originally Posted by JoninATX
Peerson, do you know if the city has plans to develop that parking lot between Myriad Botanical Gardens & The new Scissortail Park? If not I think they should extend Scissortail all the way to Myriad Biotanical Gardens and have one massive park.
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You've asked a really big question (whether you knew it or not)...
That's the Fred Jones site -- called that because there was a huge Ford dealership at that location for decades.
Kind of a local icon actually. But it was closed down years ago.
Or it's referred to as the Bob Howard site because he's the one that currently owns the property.
Actually, I think he's part of an ownership group, but he's the main guy.
This was actually the city's original choice for where they wanted to build the new convention center.
Here's a map that shows the choices they were looking at:
https://www.okctalk.com/showthread.php?t=26179&page=78
The #1 choice was the Fred Jones site, the one you asked about.
The city was unable to acquire the site because REHCO (the management group that Bob Howard leads) wanted too much money for the land.
They were no dummies, they knew how pricey those downtown lots had become.
The city considered eminent domain, but ending up backing down because they knew the market appraisal for the land would have been close to what REHCO was demanding, and it would have blown a huge hole in the budget that MAPS3 had alloted for the convention center.
So they ended up going with the #3 option instead (the #2 Bricktown location became unviable for reasons I forget)
A lot of people on the forums groaned loudly, but I was happy with it. I always thought the location south of Chesapeake Arena was a good spot.
But what of the Fred Jones site? What will be developed there?
Some have suggested, like you, another park (or an extension of MBG).
That way the Myriad Botanical Gardens would flow right into Scissortail Park, and you'd have one great expanse of parkland.
But I don't think that's going to happen.
I couldn't remember if there had been any recent news in regards to this site, so I looked through the OKCTalk forums to see.
Well, no, not really. The latest info seems to be some comments from Pete about a year ago:
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I wouldn't be surprised to see that property remain vacant for quite a while and not just because MidtownR is methodical and seems to have no clear plan here.
But because what type of commercial development would would be viable in the near future?
Hotel? There are tons of them all over downtown, a bunch more coming and 2 new heavily subsidized nearby properties (Omni and First National) set to bring tons more rooms onto the market.
Office? Way overbuilt right now in downtown and not being absorbed quickly at all.
Retail / restaurants? Only as part of a much larger development.
Condos? Bob Howard has said many times he doesn't want to build for-sale housing.
Apartments? Maybe, but that's a huge piece of property in a key area to waste on just apartments.
Also, Howard & Co, make good money off parking and that property was paid for a long time ago.
I could see the waiting being 10+ years rather than 2 or 3.
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https://www.okctalk.com/showthread.php?t=23785&page=16
and this:
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Reminder that the owners fought tooth and nail not to let the city acquire this property for the convention center, taking them to court.
They also refuse to sell any of their properties (and Bob Howard has said he absolutely will not consider that) and they own a ton that remain un- or under-developed throughout the urban core. They also recently chose to move a huge business out of the core to the far north side of town creating much more vacant property with no real plan to develop it.
Everyone wants something great at this location but considering this ownership group has been sitting on it and a bunch of other properties for a long time and tends to move very slowly -- and has never come close to developing anything on this scale -- people are right to be concerned that this spot could sit vacant for quite a while. It already has.
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https://www.okctalk.com/showthread.php?t=23785&page=17
He's pretty pessimsistic about anything happening any time soon.