While many have wondered if the project is financially feasible in Oklahoma City, Matteson told The Oklahoman the entire $1.5 billion development is fully funded.
But, Matteson admitted there are some outstanding questions about whether the tower can be built. The outcome lies in whether he can receive approval from the Federal Aviation Administration, zoning approval from the city and whether the phase one apartment towers are sufficiently leased.
— The Oklahoman
By extending the spire of the 1,907-foot Legends Tower, the Architects Orange (AO) plan would become, as we previously reported, the tallest building in North America. The developers of the 5-million-square-foot proposal have stated at least 50% of units in the first two smaller towers will have to be leased first before they build at that height.
Speaking to reporters about the prospect of realizing America's tallest building in a small city like OKC, developer Scot Matteson said: "I’m used to this skepticism by the public and other people, but we have goals, and we seem to meet them all the time."
Matteson Capital also said they won’t be able to obtain a building permit until at least September.
4 Comments
Apparently the developers are serious. What on earth, from any point of view, even the most crass and materialistic, is the attraction to this building?
But think of the view! On a clear day, you can see—
Well, what?
Gonna be interesting when tornado hits.
Interesting. Is Oklahoma getting low on open land on which to build?
It needs this:
Always practice safe development.
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