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February 21, 2024
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Matteson Capital and AO Partners Looking to Build the Tallest Building in the U.S., in Oklahoma City

1/26/24

Matteson Capital and AO are hoping to build the tallest building in the United States in Oklahoma City. The development venture is going to request a variance from the City of Oklahoma City to increase the height for one of the towers in the already entitled development known as The Boardwalk at Bricktown. If approved, the height variance will make the structure the tallest building in the United States and currently sixth tallest in the world.

The ambitious development features a collection of three towers, each rising to 345 feet, and a fourth striking, super-tall tower, referred to as Legends Tower, with a height of 1,907 feet, creating an impressive silhouette against the Oklahoma City skyline. The symbolic height honors the year that Oklahoma was admitted as the 46th state of the United States.

Spanning approximately 5 msf, the project is a mixed-use marvel, including a 480-key Dream Hotel by Hyatt with 85 residential serviced condominiums in the Dream Tower; an additional 350-key Hyatt hotel with 100 serviced condominiums in the Legends Tower; 1,776 residential units ranging from market-rate to affordable workforce and luxury options; and a vibrant retail and restaurant scene with over 110k sf of space designated for commercial use, food and beverage, and a workforce development center for the community at the street and second levels.

The top floors of the super-tall tower will consist of a public observatory, restaurant and bar where visitors will be able to enjoy the sweeping city views. Notably, the design incorporates extraordinary public spaces that are poised to become central hubs for community engagement. Among these is an impressive 17k sf lagoon and water feature surrounded by a boardwalk that adds a tranquil, yet lively, entertainment atmosphere to the development. Additionally, the project boasts several expansive roof-decks, providing residents and visitors with unparalleled views of the city and creating an urban oasis in the heart of Oklahoma City.

“Oklahoma City is experiencing a significant period of growth and transformation, making it well positioned to support large-scale projects like the one envisioned for Bricktown,” said Scot Matteson, CEO of Matteson Capital. “We believe that this development will be an iconic destination for the city, further driving the expansion and diversification of the growing economy, drawing in investment, new businesses, and jobs. It’s a dynamic environment and we hope to see The Boardwalk at Bricktown stand as the pride of Oklahoma City.”

Bricktown, in particular, has become a premier destination within Oklahoma City. Expanding this vibrant hub is a priority for the city with more professional sports, entertainment and transit. The area already boasts attractions such as the Amtrak station; a movie theater; an NBA sports arena, which is home to the OKC Thunder; the recently renamed Oklahoma City Dodgers’ minor league baseball stadium; as well as a forthcoming soccer stadium.

The public also voted to fund a $900 mil bond to build the Thunder a new state of the art arena in the area. The recently completed convention center is another opportunity to showcase this catalytic project, which will further complement the Bricktown Entertainment District. The Boardwalk at Bricktown aligns perfectly with the city's trajectory of becoming a center for cultural and economic activity.

In addition to architectural firm AO and developer Matteson Capital, the project team includes development partners, ThinkBox and Legends Capital Management; structural engineers, Thorton Tomasetti; civil engineers, Johnson & Associates; fire life safety and energy, Siemens; general contractor, Hensel Phelps; and hotel management companies, Hyatt and Dream. The finance team for the project includes BCREM Incorporated and Global Economic Strategies. The legal team is headed by Greenberg Traurig, LLP.




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