Newspaper article THE JOURNAL RECORD

Plans Made for Festival Market Center in Bricktown

Newspaper article THE JOURNAL RECORD

Plans Made for Festival Market Center in Bricktown

Article excerpt

Oklahoma City developers continue to eye Bricktown as the site for new projects with the latest being a Festival Market Center proposed by locally based Haydel Associates.

According to documents obtained under the Oklahoma Open Records Act, Haydel Associates is proposing a development on the scale of Union Square in Washington, D.C. or Faneuil Hall in Boston.

The deal would also include a tie-in with the dilapidated Santa Fe Depot, which is close to being sold to the well-known Bricktown developer, Jim Brewer, according to Brewer and others involved in the proposal. Brewer has been working for the past three years to conclude a deal and said he's within three to four months of making it a reality. Haydel Associates is proposing a "public/private partnership" with the City of Oklahoma City, according to the documents, and would use some form of public funding to push the plan ahead. The group developing the deal met recently with Mayor Ronald Norick, according to the records, to outline the proposal and to gauge city officials' reactions. Oklahoma City Planning Director Garner Stoll declined to comment on the proposal. Mayor Ronald Norick could not be reached for comment. HUD opinion The Oklahoma City office of The Buyer's Agent and Ross Realty are touting a new opinion from the Department of Housing and Urban Development stating that brokers are not in violation of the Fair Housing Act when they accede to a client's wishes not to be shown property in a particular area of town. "We believe the opinion from Elizabeth Julian, assistant secretary of the Department of Housing and Urban Development, shows that HUD recognizes that buyer representation and seller representation are separate forms of real estate representation," the company said. "It could be extremely difficult and dangerous for any agent who attempts to provide buyer brokerage services while working for and/ or personally offering any other form of real estate agency services without violating the Fair Housing Act. …

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