Steve Lackmeyer, OKC Development

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Making, remembering Oklahoma City predictions in 2009

 
By Steve Lackmeyer    Comment on this article Leave a comment
Published: January 6, 2009

It’s time to look back and ahead with the annual downtown predictions column.

We started last year with predictions that two more hotels would be announced for Bricktown, and that the district might see the closing of a major veteran restaurant.

photo - An aerial view of  Core to  Shore development concepts. Provided by the Greater Oklahoma City Chamber of Commerce
An aerial view of Core to Shore development concepts. Provided by the Greater Oklahoma City Chamber of Commerce

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at a glance
Here are some predictions and developments worth watching:

Devon Energy is set to start site work this summer for its new downtown corporate headquarters. Chief Executive Officer Larry Nichols is more adamant about the project moving forward, on schedule, with each whisper that the 54-story tower will either be delayed or scaled down. The prospect of a $750 million construction project could significantly offset the pain felt downtown from the deepening national recession.

SandRidge has urban planners continuing to evaluate how best to address older buildings surrounding its new corporate headquarters at the old Kerr-McGee Tower. Will the company seek to tear down some of the buildings? Will the company do nothing in light of the troubled economy?

→Expect an announcement soon of a new president at Downtown Oklahoma City Inc. My sources tell me the person comes with fresh ideas and significant exposure to development in other downtowns.

For better or for worse, Jim Brewer’s passing leaves Bricktown without his forceful voice and personality. Brewer was a powerful force who did much to make the area the thriving entertainment district it is today. He was also seen as a drag on development in his later years. How will his sons oversee the family’s vast empire? And sticking with Bricktown, what will happen to Gary Cotton after his unsuccessful effort to sell off his vast holdings at an auction last month?

Bob Howard and Mickey Clagg are moving ahead with the development started by Greg Banta in MidTown. Will the market stay strong enough to support their addition of badly needed housing to the area?

I got half of that right. A Holiday Inn Express and Candlewood Inn Suites were both announced in ensuing months and are now on the drawing boards.

But the restaurants I had in mind proved to be quite resilient and are both doing better than they were a year ago.

More hits, a few crystal ball misses
I predicted more retail related to downtown’s growing residential population and that the mix would include banks (Fidelity Bank opened a branch on Broadway) and cell phone stores (Cricket opened on Broadway).

I missed on predicting the mix might also include a daycare center and a big box retailer.

The Core to Shore plan is also quietly gaining traction as suggested, with Grant Humphreys moving his offices to S Walker and the city buying several key properties this past year.

Recession recovery coming in ’09?
So, what’s next? Looking ahead at 2009 is a difficult task simply because the national economy is so unstable and is clouding an otherwise healthy local economy. But some definite area cliff-hangers promise to make the year anything but boring.

Regardless of whether the economy shuts everything down in 2009, I feel safe with one prediction: downtown Oklahoma City will continue to be a source of surprise and hometown pride.






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