Share “OGE Energy seeks to anchor new tower...”

OGE Energy seeks to anchor new tower development in downtown Oklahoma City

Developer Rainey Williams on Tuesday announced plans for two towers to be built at the site of Stage Center in downtown Oklahoma City. OGE Energy would lease the taller, 14- to 16-story structure.
by Steve Lackmeyer Modified: December 17, 2013 at 9:47 pm •  Published: December 18, 2013

An application being filed this week with the Oklahoma City Planning Department asking to raze downtown's Stage Center reveals the property is to be developed as a 14- to 16-story tower that will become the new headquarters for OGE Energy Corp.

The move will consolidate most of the company's 1,000 employees under one roof and might free up two of its existing properties for redevelopment.

In an interview with The Oklahoman, Rainey Williams Jr., president of Kestrel Investments, said the $100 million project will also likely include a second tower, eight to 12 stories high, that will be separately developed as either housing or a hotel.

A conceptual master plan shows both towers will adjoin a multistory parking structure that will include shops and restaurants facing Hudson and Sheridan avenues. A day care and play area are proposed along the south side of the garage facing the Festival Plaza that each year is home to the Festival of the Arts.

Williams said his current timeline calls for construction to begin in 2015 with completion in 2017.

“This project will continue to build on the revitalization of this exciting area of downtown Oklahoma City,” Williams said. “We want the development to complement its surroundings and provide another opportunity to enjoy our downtown. With OGE Energy as our anchor tenant, we are confident our development will be something that Oklahoma City will be proud to have downtown.”

Scattered downtown

OGE Energy has been in the hunt for a new headquarters on and off for years and previously considered construction of a new tower at Harvey and Robert S. Kerr avenues in the 1980s. The company's workforce is currently located in a handful of buildings throughout downtown, similar to the scenario Devon Energy Corp. faced a decade ago before it built the 50-story Devon Energy Center.

The development does not include relocating operations for Enogex or the new OGE Energy spinoff Enable Midstream Partners L.P., which will remain based at Leadership Square.

“We are excited about bringing our employees together in a new corporate headquarters,” said Peter B. Delaney, chairman, president and CEO of OGE Energy. “We have a large number of employees scattered throughout downtown Oklahoma City at multiple facilities that are outdated and unable to meet our future needs.”

Larry Nichols, executive chairman at Devon, applauded news of the development.

“When we built our building, and as we started the Devon TIF (tax increment financing district) to create Project 180, and to redo the Myriad Gardens, all the sidewalks and streets, we hoped it would inspire more development downtown. … I really think this is just the beginning,” Nichols said.

Continue reading this story on the...

by Steve Lackmeyer
Business Reporter
Steve Lackmeyer is a reporter and columnist who started his career at The Oklahoman in 1990. Since then, he has won numerous awards for his coverage, which included the 1995 bombing of the Alfred P. Murrah Federal Building, the city's Metropolitan...
+ show more


This project will continue to build on the revitalization of this exciting area of downtown Oklahoma City. We want the development to complement its surroundings and provide another opportunity to enjoy our downtown. With OGE Energy as our anchor tenant, we are confident our development will be something that Oklahoma City will be proud to have downtown.”

Rainey Williams Jr.,
President of Kestrel Investments

Trending Now


AROUND THE WEB

  1. 1
    Two teachers' refusal to give tests puts their jobs at risk, but they say it's worth it
  2. 2
    Few Oklahoma exonerees receive payment for wrongful convictions
  3. 3
    Tiger Woods hires a new swing coach
  4. 4
    Man convicted of beating grandmother to death while high on PCP
  5. 5
    30,000 missing emails from IRS' Lerner recovered | WashingtonExaminer.com
+ show more