Current:Home > InvestPoinbank:Oklahoma City wants to steal New York's thunder with new tallest skyscraper in US -FundPrime
Poinbank:Oklahoma City wants to steal New York's thunder with new tallest skyscraper in US
EchoSense Quantitative Think Tank Center View
Date:2025-04-07 08:14:48
The Poinbanktallest building in the U.S. could be built in … Oklahoma City? OK.
California developer Scot Matteson announced plans last month to expand a planned Boardwalk At Bricktown development by adding a 134-story tower standing at 1,750 feet. That would have put the tower slightly shorter than the 1,776-foot-tall Freedom Tower at One World Trade Center in New York City.
But now Matteson has set his sights even higher. His investment and development company last week announced plans to increase the height for the Legends Tower to 1,907 feet tall – a symbolic figure in that Oklahoma became a state in 1907.
If the plan succeeds, the Legends Tower would be the tallest building in the U.S. and the fifth tallest in the world, the developers say. The tallest is the Burj Khalifa in Dubai, which is 2,716 feet tall.
The new tower also would be more than twice as tall as Oklahoma City's current largest building, the 50-story Devon Energy Center. Finished in 2012, it's also the tallest building in the state.
Developer says building would be 'an iconic destination'
Pointing to a period of growth, Matteson said in a statement that Oklahoma City is "well-positioned to support large-scale projects like the one envisioned for Bricktown.”
“We believe that this development will be an iconic destination for the city, further driving the expansion and diversification of the growing economy, drawing in investment, new businesses, and jobs," he said. "It’s a dynamic environment and we hope to see The Boardwalk at Bricktown stand as the pride of Oklahoma City.”
The project would bring Las Vegas-style glitz to an already-vibrant Lower Bricktown area near the Oklahoma River in downtown Oklahoma City. It covers more than 3 acres and is planned to host more than 2 million square feet of residential, retail and entertainment development, including two Hyatt hotels, condos, apartments, stores and restaurants.
The development will also have a lagoon and boardwalk. Also coming to the area, a new arena for the NBA franchise Oklahoma Thunder, which is expected to cost at least $900 million.
Work on the first three 345-foot towers is scheduled to begin this year; the Legends Tower would be built after those are completed.
"The top floors of the supertall tower will consist of a public observatory, restaurant and bar where visitors will be able to enjoy the sweeping city views," the developers say.
Some doubt the mega tower will stand
Can Oklahoma City swing this? There are some doubters.
When the announcement was made, World-Architects asked: "Why is a such a tall tower being built in Oklahoma City (OKC)? And will it actually happen?"
As we await the developers' request for a zoning variance or rezoning, "it remains to be seen if the tallest tower in the U.S. being built in Oklahoma is just a publicity stunt, or if the team will be able to follow through on their dream," wrote World-Architects, which describes itself as "a network of selected contemporary architects and building professionals."
Construction site The B1M pronounced: "No offence to Oklahoma City but it doesn't exactly have the hyper-dense urban dynamic known for producing supertall skyscrapers."
Developers say Oklahoma City needs more residential and entertainment options, but there are concerns about the prevalence of tornadoes in the region.
Oklahoma City is the 18th largest city in the U.S. with 702,837 people estimated in 2024, growing 0.73% annually, according to World Population Review, based on U.S. Census estimates.
The developers need to get the project area rezoned for a taller building because its current maximum allowed height is 300 feet, according to the Oklahoma City Free Press, citing comments from city public information officer Kristy Yager.
"They would need to rezone," Yager said, the newspaper reported. "We understand the applicant’s representative is preparing a new SPUD (simple planned unit development) application, which would go to Planning Commission for a recommendation and City Council for a final decision.”
Optimism in Oklahoma City
Even though the project is far from a done deal, local support is there. The Oklahoma City Council approved a record $200 million in tax increment financing to be paid after the first two apartment towers are built.
"The Boardwalk at Bricktown and associated developments look exciting for Oklahoma City, and really the whole state, but we know they have a long way to go to get the project off the ground," Renee Hoover-Payton, president of the Oklahoma Association of Realtors, told USA TODAY in a statement. "That the development has nearly 2,000 urban, residential housing units associated with it is a bonus for our capital city, and (the association recognizes) the great potential of adding to Oklahoma City's urban housing mix."
Follow Mike Snider on X and Threads: @mikesnider & mikegsnider
What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day
veryGood! (58)
Related
- Nevada attorney general revives 2020 fake electors case
- AP Week in Pictures: North America
- Federal judges sound hesitant to overturn ruling on North Carolina Senate redistricting
- US investigators visit homes of two Palestinian-American teens killed in the West Bank
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Average long-term US mortgage rate rose this week to 6.77%, highest level in 10 weeks
- Nebraska Republican gives top priority to bill allowing abortions in cases of fatal fetal anomalies
- Lake Mead's water levels measure highest since 2021 after 'Pineapple Express' slams California
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Ohio woman who disappeared with 5-year-old foster son she may have harmed now faces charges
Ranking
- South Korean president's party divided over defiant martial law speech
- Usher reveals he once proposed to Chilli of TLC, says breakup 'broke my heart'
- Montana’s Malmstrom air base put on lockdown after active shooter report
- The Truth About Vanderpump Rules' It's Not About the Pasta Conspiracy Revealed
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Georgia Senate passes plan meant to slow increases in property tax bills
- See Zendaya and Tom Holland's Super Date Night in First Public Outing Since Breakup Rumors
- Biden protects Palestinian immigrants in the U.S. from deportation, citing Israel-Hamas war
Recommendation
2025 'Doomsday Clock': This is how close we are to self
Co-inventor of Pop-Tarts, William Post, passes away at 96
Republican businessman Hovde to enter Wisconsin US Senate race against Baldwin
Man charged with setting fires at predominantly Black church in Rhode Island
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Delta flight with maggots on plane forced to turn around
FBI informant charged with lying about Joe and Hunter Biden’s ties to Ukrainian energy company
North Korea launches multiple cruise missiles into the sea, Seoul says