OKLAHOMA CITY | Legends Tower | 1,907 FT | 134 FLOORS | VISION

[C.]

Originally Posted by Steely Dan

More accurately, lenders have a rational fear of losing money.

I cited New York City and Chicago for exampls.. Do you really think it’s the lenders,and not say NIMBYism and zoning, preventing the country’s next’s tallest building from being built?

[Steely Dan]

Originally Posted by C.

I cited New York City and Chicago for exampls.. Do you really think it’s the lenders,and not say NIMBYism and zoning, preventing the country’s next’s tallest building from being built?

In Chicago, 100% yes.

I don't follow development in NYC as closely

[C.]

Originally Posted by Steely Dan

In Chicago, 100% yes.

I don't follow development in NYC as closely

Interesting. I would have thought the Chicago's residential market was stronger, especially in the loop and areas surrounding Grant Park. I didn't realize it was lender's holding things up and not NIMBYism, which I heard is quiet active in Chi-town.

In NYC, we would probably see 2000ft residential towers on billionaire's row and elsewhere throughout the city. Demand is there as condo pre-sales could sell out most of the building before shovels ever met the ground, but zoning has been capping the maximum number of floors and site assemblage is obviously tricky.

[Zapatan]

Originally Posted by Steely Dan

In Chicago, 100% yes.

While not in the running for nation's tallest Tribune East Tower was approved at 1,400+ feet.

Considering Sears Tower is 1,729 feet tall the FAA shouldn't be that much of an issue either.

Not sure how much beyond that one could go.

More accurately, lenders have a rational fear of losing money.

True but the observation deck would be a cash cow, although I guess there's not really that much to see in OKC, no offense. On the bright side construction is probably cheaper.

It could spur a lot of development too just like BK in Dubai did.

Some thoughts...

America, the birthplace of the skyscraper, has a irrational fear of building heights these days. Be it NIMBYism, outdated zoning, or FAA's overreached on airspace, it seems like the rest of the world, paticularaly Asia, has been reaching for skys with ever taller buildings while the 1,776 ft World Trade Center feels like the unofficial height limit for the Nation. Therefore, I hope this ridiculous supertall building gets built in Oklahoma City of all places, and that seen a a huge success and sense of pride for the city, as that may shame New York City, Chicago and other big cities into once again embracing the skyscraper and reach for the skies. I'm not saying we take the #1 spot from Dubai, but if the market supports it, let's see more tall, dense buildings in our cities.

Go get em' Oklahoma City. Prove the haters wrong and build this tall, financially infeasible tower! Height is Good.

A combination of 9/11 trauma and financial reality

[UrbanImpact]

Originally Posted by Zapatan

While not in the running for nation's tallest Tribune East Tower was approved at 1,400+ feet.

Considering Sears Tower is 1,729 feet tall the FAA shouldn't be that much of an issue either.

Not sure how much beyond that one could go.




True but the observation deck would be a cash cow, although I guess there's not really that much to see in OKC, no offense. On the bright side construction is probably cheaper.

It could spur a lot of development too just like BK in Dubai did.




A combination of 9/11 trauma and financial reality

Burj Kalifa and the other megatalls only got built due to government help. Those buildings tend to lose money since they are not economical to build/maintain as of today.

You would have to charge observatory visitors or tenants and absurd price and pray that you are at full capacity at all times.

[NYguy]

Seems to be something missing with the projected costs….


https://www.kansascity.com/news/nati...284638425.html

The record-breaking skyscraper, which would rise 1,907 feet, would be part of a four-tower structure, according to the release. The remaining three towers would be 345 feet tall.

The mixed-use development would have restaurants, bars, entertainment, hotels and housing, Matteson Capital’s presentation to Oklahoma City shows. The skyscraper, called Legends Tower, would include a hotel with a public observatory, restaurant and bar on the top floors.

…..As of June 2023, Matteson Capital projected the development would cost approximately $577 million, according to its presentation to city officials.

Oklahoma’s tallest building is Devon Energy Center, which stands at 844 feet in Oklahoma City and was built in 2009. The proposed skyscraper is double its height.

The tallest building in the U.S. reaches 1,776 feet at One World Trade Center in New York City. The 10 tallest buildings in the U.S. are in New York City and Chicago, according to WorldAtlas. Eight of the 10 are in New York.

[DZH22]

Originally Posted by NYguy

Skyscraper fans, take note. We are not seeing the headlines of "horror" at this potential giant. Instead, it's spoken of with a sense of "wonder" and "awe". Oohhh look! Tallest building in the USA! There are no complaints about shadows. No complaints about "needing" it. No complaints about who will live or work there. Propose it in one of the major skyscraper cities, where it would make more sense to put it, and all that changes. I'm glad they are at least having this discussion though. Should something finally be taller than the Freedom Tower? Absolutely! (I noticed mention of 1,776 residential units in the development). I still don't believe it's likely to get built, but the coverage is positive.

The coverage may be positive but, based on the comments in this article, the general reaction from the public is not. The top comment complaints range from tornadoes, earthquakes, feasibility, and "why HERE of all places?"

https://www.msn.com/en-us/money/real...h8VBH#comments

[UrbanImpact]

Originally Posted by NYguy

Seems to be something missing with the projected costs….


https://www.kansascity.com/news/nati...284638425.html

Like quite a few $billions unless they’re using Legos to build it. Even then it would be missing, lol.

[Steely Dan]

Originally Posted by C.

Interesting. I would have thought the Chicago's residential market was stronger, especially in the loop and areas surrounding Grant Park.

Land values in Chicago are nowhere close to high enough to justify the exorbitant expense of a mega-tall here.

People have tried, and it just doesn't pencil out.

Any mega-tall in chicago would require an extremely solid foundation of vanity, as there's no economic reason for such towers here (much less OKC).

Most lenders in the US are pretty fucking skittish about assuming risk for a borrower's vanity. And for good reason; they care about ROI, not PR.

As the old saying goes, money talks; bullshit walks.

[C.]

Originally Posted by Steely Dan

Land values in Chicago are nowhere close to high enough to justify the exorbitant expense of a mega-tall here.

People have tried, and it just doesn't pencil out.

Any mega-tall in chicago would require an extremely solid foundation of vanity, as there's no economic reason for such towers here (much less OKC).

Most lenders in the US are pretty fucking skittish about assuming risk for a borrower's vanity. And for good reason; they care about ROI, not PR.

As the old saying goes, money talks; bullshit walks.

Fair enough. Thanks for the explanation. I remember the Chicago Spire proposal from many years back. I was thinking the financing was ready to go, and it was just the developer that messed up, but it makes sense what you say about the land values not being high enough to justify at that height.

[Altoic]

Would be cool if this Chicago project was a reality..

[JManc]

No way is Texas going to just sit around and let Oklahoma build a taller building.

[Charmy2]

Originally Posted by JManc

No way is Texas going to just sit around and let Oklahoma build a taller building.

No way New York and Chicago gonna just sit around and let Oklahoma build a taller building...

[Steely Dan]

^ Chicago would've already done so ages ago, had such a tower made even a nickel's worth of fiscal sense here.

Life is about money.

Not dreams.

All of your inspirational school teachers lied to you.

[Dylan Dude]

Originally Posted by Zapatan

While not in the running for nation's tallest Tribune East Tower was approved at 1,400+ feet.

Wait Tribune East Tower finally actually got approved?!?!?!?!?

[Steely Dan]

Originally Posted by Dylan Dude

Wait Tribune East Tower finally actually got approved?!?!?!?!?

It was approved ages ago

"Approved" doesn't mean much in Chicago.

It's all about money here.

If a development gets funded here, it gets built.

If not, it doesn't.

Simple.

[Dylan Dude]

Originally Posted by Steely Dan

It was approved ages ago

"Approved" doesn't mean much in Chicago.

It's all about money here.

Well it's annoying the thread about that building is locked and why even mention approved then if it doesn't mean anything? lol

[Steely Dan]

Originally Posted by Dylan Dude

Well it's annoying the thread about that building is locked and why even mention approved then if it doesn't mean anything? lol

Thread got locked cuz of stupidity here on SSP; nothing to do with the project itself.

Don't worry, if there's a reason to unlock it in the future, it will be.

[Dylan Dude]

Originally Posted by Steely Dan

Thread got locked cuz of stupidity here on SSP; nothing to do with the project itself.

Don't worry, if there's a reason to unlock it in the future, it will be.

Thanks!

[ArchGuy1]

Originally Posted by Steely Dan

It was approved ages ago

"Approved" doesn't mean much in Chicago.

It's all about money here.

If a development gets funded here, it gets built.

If not, it doesn't.

Simple.

Building a 1,907 foot tall skyscraper in Oklahoma City could compell developers to reach the 2,000 foot mark in New York City and Chicago.