OKLAHOMA CITY — Construction was expected to begin this summer on the Bricktown development that includes plans for the tallest building in the U.S., but the developer has yet to get the building permits needed to start.
The real estate and financial transactions have not been finalized for The Boardwalk at Bricktown project, Kenton Tsoodle, president and CEO of The Alliance for Economic Development of Oklahoma City, said Wednesday. “It’s a slow process,” Tsoodle said. “Everyone’s reporting things are moving along.
” Matteson Capital in Newport Beach, California, plans to build hundreds of apartments, a hotel, multiple commercial spaces, public parking and the 1,907-foot skyscraper on three-quarters of one city block at Reno and Oklahoma avenues. The project site currently is surface parking controlled by developer Randy Hogan. The land transaction has not closed yet, and financing for the first phase of the $1.
6 billion development involves various pieces and an “army of lawyers,” Tsoodle said. “There’s no holdup on the city’s side,” he said. The Oklahoma City Council in June lifted the height restriction included in the original development plan to allow construction of the proposed 1,907-foot Legends Tower in phase II of the project.
It would be 131 feet taller than the One World Trade Center in New York City and the fifth tallest building in the world. Scot Matteson, president and CEO of Matteson Capital – who could not be reached for an update .