Love, not just money, makes the real estate world go 'round.
Developers who build big apartment complexes and brokers who deal in multimillion-dollar office buildings and warehouses don't have that much in common with a person or small investment group with a passion who buys and redevelops an old store or factory. But they're all involved in property.
Which is why getting all kinds of players in real estate together in the same place at the same time is a good idea sometimes.
It surprised me to overhear people I know to be chest deep in real estate — some in finance, some in brokerage, some in investment — say they first heard of the likes of Oklahoma City's Film Row, new stuff at Automobile Alley and the Paseo, and full occupancy at the Plaza District, just Thursday at The Mayor's Development Roundtable.
Really? Don't y'all ever have a slice at Joey's Pizzeria at 700 W Sheridan (Film Row)? Or check out the upscale Western décor and such at Rawhide at 1007 N Broadway (Automobile Alley)?
(Confession: I've not yet been to Joey's, myself; it's on the shortlist).
Maybe, actually, you do, but without much thought to the fact that Joey's is in Film Row and Rawhide is in Automobile Alley — and that each part of town is not only distinct but is the product of personal passions and dreams as much as strict business decisions.
If not, here's a taste of what you're missing, from Blair Humphreys, a member of the Plaza District board. The Plaza District, he said, tongue slightly in cheek, is the only place in town where “you can go out to dinner and a show, buy a T-shirt, dance the night away, drink too much wine and wake up with a tattoo.”
Either way, I'm glad you, about 500 of you, were at the Roundtable — and just as glad that some of the passionate folks behind those projects were present to hear big-picture presentations by folks for whom a building is a transaction waiting to happen or space waiting to be leased or renewed. It does take all kinds.
That big-picture information, actually, is easier to find than the skinny on the specifics — unless you're looking specifically for the specifics. So, here's some help:
• Read about Automobile Alley here: www.automobilealley.org.
• Read about the Paseo here: www.thepaseo.com/.
• Read about Film Row here: www.scriptfolio.net/Film.html or on Facebook (search for Oklahoma City Film Exchange District).
• Read about the Plaza District here: www.plazadistrict.org/.