Spaghetti Warehouse closing Mar 2017

[swake]

Pretty vague details so far so not much to discuss.  I had once heard WPX was thinking about moving to the Santa Fe Square office tower.

If WPX is indeed buying the whole block and builds a new mixed-use HQ in those vacant buildings and on the parking lots then that is a major win for the Arts District and will spur additional development.  Excited to hear more as the details emerge. 

I though it was Laredo going into Santa Fe Square?

[DTowner]

I don’t see how 400 people fit into the Spaghetti Warehouse building.  I also wonder if the water damage from last winter’s burst pipe makes this building cost prohibitive to rehab.

With Santa Fe Square and the planned building across from Oneok Field, it seems there ought to be enough space (assuming either gets built timely) to accommodate WPX without having to take the risk of building its own building.

[SXSW]

I don’t see how 400 people fit into the Spaghetti Warehouse building.  I also wonder if the water damage from last winter’s burst pipe makes this building cost prohibitive to rehab.

With Santa Fe Square and the planned building across from Oneok Field, it seems there ought to be enough space (assuming either gets built timely) to accommodate WPX without having to take the risk of building its own building.

Having Guthrie Green across the street from your office would be a perk.  I agree though no way they all fit in a rehabbed Spaghetti Warehouse, but they could fit that many if they built out the entire block. 

Re: Laredo I had heard that too, but also WPX and Midstates Petroleum (that was before their failed merger with Sandridge).

[cannon_fodder]

I noticed that the building is boarded up. 

[Townsend]

I noticed that the building is boarded up. 

Hides the drug production

[Weatherdemon]

I noticed that the building is boarded up. 

All the great development in downtown and the building that made it through all the hard times is boarded up.
Sad and it looks just awful

[heironymouspasparagus]

All the great development in downtown and the building that made it through all the hard times is boarded up.
Sad and it looks just awful

Keep it from getting banged up any more than it has.  Hopefully.

Not pretty.

[SXSW]

All the great development in downtown and the building that made it through all the hard times is boarded up.
Sad and it looks just awful

I wonder if this means they are going to be renovating soon.

[AdamsHall]

I wonder if this means they are going to be renovating soon.

This is what I was thinking too.

[SXSW]

Since they announced they were closing I had thought about what if a single developer were to buy the entire block and renovate the two buildings on the north side (incl. Spaghetti Warehouse) into offices and build new apartments or condos on the parking lot on the south side then connecting the buildings with an activated alleyway in between.  There is a project in Denver that just completed where they did this with existing and new buildings and created a cool alleyway space called Dairy Block:

[Conan71]

I think Spaghetti Warehouse was finished around 1991 or 1992 so at least most of the mechanical should be up to code or close and fully sprinkled.  I'd think a renovation of the space would be a good deal less than others which had little more than a slab and bare brick to start with. 

It won't sit vacant long unless there are any legal issues with it.

[TheArtist]

Since they announced they were closing I had thought about what if a single developer were to buy the entire block and renovate the two buildings on the north side (incl. Spaghetti Warehouse) into offices and build new apartments or condos on the parking lot on the south side then connecting the buildings with an activated alleyway in between.  There is a project in Denver that just completed where they did this with existing and new buildings and created a cool alleyway space called Dairy Block:

I like that!

[swake]

I think Spaghetti Warehouse was finished around 1991 or 1992 so at least most of the mechanical should be up to code or close and fully sprinkled.  I'd think a renovation of the space would be a good deal less than others which had little more than a slab and bare brick to start with. 

It won't sit vacant long unless there are any legal issues with it.

Don't forget, it and the warehouse next door have already been bought, but not by a developer, WPX Energy. It seems they have plans to move.

http://www.tulsaworld.com/business/energy/report-wpx-energy-to-buy-former-spaghetti-warehouse-building/article_9f7ff2fa-f3d9-5bd5-ad14-1f5f336a63d0.html

[SXSW]

I was just there so excuse all of the Denver references but for comparison this new building just outside downtown Denver is built for 200 employees of BP's Lower 48 HQ.  It takes up about the size of the half block parking lot on the Spaghetti Warehouse block.  No one really knows if this is intended for all of WPX's ~400 Tulsa employees or as a second downtown location for a certain division with fewer employees.

[DowntownDan]

Don't forget, it and the warehouse next door have already been bought, but not by a developer, WPX Energy. It seems they have plans to move.

http://www.tulsaworld.com/business/energy/report-wpx-energy-to-buy-former-spaghetti-warehouse-building/article_9f7ff2fa-f3d9-5bd5-ad14-1f5f336a63d0.html

I didn't know they also own the warehouse next door.  Is it the one that abuts Guthrie Green?  That's a lot of prime underutilized real estate.