Over the past decade, downtown Oklahoma City has changed
dramatically as a result of the MAPS program. There is nearly $1
billion of new construction and rehabilitation projects completed or
under way in the central business district, with nearly $700 million
of that money being spent by private developers and investors.
A group of commercial real estate professionals had the
opportunity to see firsthand the dramatic transformation transpiring
in the central business district as part of the Commercial
Industrial Division of the Oklahoma City Metropolitan Association of
Realtors' fifth annual bus tour. Entitled The Rehab Tour, this
year's tour gave commercial Realtors a close look at both new and
restored properties that are located in downtown, uptown and
According to Linda Glass, current president of the Commercial
Industrial Division, the bus tour is the signature event for the
organization each year and added that this year's tour was by far
the most successful.
I think this even has grown on momentum each year, she said. This
year we had a waiting list and sold out well in advance.
Equipped with a full-sized tour bus, participants were driven
around the central business district as Russell Claus, director of
economic development for Oklahoma City, served as guide for the tour
explaining the various projects that are either under way or
First on the tour was a stop at the newly constructed Sonic
Building and the Bricktown Entertainment Center. David Harper with
Stonegate/Hogan explained that work on the Harkins Bricktown 16
movie theater, which will serve as anchor for the entertainment
center in south Bricktown, is moving along rapidly and should be
open by its target date of Oct. 1.
We are planning a grand opening somewhere around the last week of
September for the first week of October, said Harper.
Work is also progressing on construction on the two retail
buildings located just north of the theater. Sonic has already
committed to opening its first downtown location in 3,300 square
feet in one of the buildings in addition to Nothing But Noodles,
which will open its second Oklahoma City location in the facility as
well. Harper said the company is still in negotiations with several
other small eateries for the remaining spaces.
Harper also added that just to the west of the new theater
building, developers are working with a couple of groups on a site
that could be used for either loft housing or a hotel. Plans are
also being formulated for a unique project just to the south of the
We have pad to the south of here that we are working with a
national recording artist and a restaurant operator on a 12,000-
square-foot building, he explained.
During the tour, Claus pointed out several locations that are
being discussed for possible apartment projects in the Bricktown
area, including the parking lot located just south of the Bricktown
Events Center and east of the SBC Bricktown Ballpark. …