The Boardwalk at Bricktown/Dream Hotels Plans are underway to develop a 550-space parking lot in Lower Bricktown into a mix of two hotels and either condominiums or apartments.
The total development cost will top $700 million with the addition of a 348-room Hyatt Dream Hotel, which is
not included as part of the tax
increment financing request.
A California developer proposing to build multiple towers in Lower Bricktown is asking for a record $200 million in tax increment financing for the
project.
Scot Matteson, CEO of Matteson Capital, is working with Lower Bricktown developer Randy Hogan to build 924 apartments, 80,000-square-feet of
retail, restaurants and entertainment, and a parking garage at the northwest corner of Reno and Oklahoma Avenues. The proposed assistance would
be paid based on the garage, apartment towers, restaurants, retail and entertainment totaling $550 million.
The hotel will start construction six months after the garage and two
“twin” 28-story apartment towers. A third apartment tower is a part of
the master plan for the development but won’t be built until after the first two towers are leased, Matteson said.
SPECIAL MEETING - Downtown/MAPS Tax Increment District Review Committee Date: Thursday, July 7, 2023 10:00 AM
Location:
420 W Main Basement Large Conference Room 420 W Main Street
Oklahoma City, Oklahoma 73102
The two towers could top 335 feet each which would be comparable to Valliance Bank Tower 321 feet at 1601 Northwest Expressway in OKC.
