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Details
https://www.thecantoncc.com
The Canton at CC (www.thecantonatcc.com) are/were some luxury apartments on NW 63rd and Western, right in a part of Oklahoma City called Nichols Hills. In fact, it's its own city but it's a VERY high priced part of town literally where all the Thunder players live in fact. So there are tons of new "luxury" apartment complexes being built in OKC pushing the prices WAY over typical OKC prices (median based on 1 google and selecting the first result is 936$ for 1br, $1150 for 2 bedrooms- actually probably high but whatever). The Canton at Classen Curve (Classen Curve is an upscale shopping mall, again in NIchols Hills; also features semi siddities like West Elm, Whole Foods, etc. and the first African American owned Organic Juice Bar).
The Canton's prices are outrageously above the typical OKC income with a 3bedroom coming in at $4100, a 2 bedroom as high as $3100, 1 bedroom as high as $2100 for 800 s/ft, and a studio as high as $1425.
They were scheduled to begin moving in next month and have been preleasing up to this point. My druthers says they aren't getting all those apartments preleased at that price. I also know from someone who lives in Nichols Hills, they didn't want an apartment complex in Nichols Hills. Again this aint just any apartment complex, its gonna be a luxury one, and just going off the 3x rent rule, basically most people living there will be deep 6 figure + earners, but I could see people in multi million dollar homes feeling some kind of way about "an apartment complex" in their neighborhood.
They have been on fire 3 days, they were basically complete even to the point the sprinkler systems are installed but weren't turned on. I drove by yesterday and you can still see active fire and the Fire Chief had to bring in a demolition company to further demolish them so they can get to the hot zones.
TLDR:
Very overpriced 326 unit luxury apartment community moves into a part of OKC they might not be wanted, priced out everyone and likely unable to get all their units leased, mysteriously burns down at 99.5% complete. Seems fishy?
Some pics I took
blastercombo a-friend storm2006
https://www.thecantoncc.com
The Canton at CC (www.thecantonatcc.com) are/were some luxury apartments on NW 63rd and Western, right in a part of Oklahoma City called Nichols Hills. In fact, it's its own city but it's a VERY high priced part of town literally where all the Thunder players live in fact. So there are tons of new "luxury" apartment complexes being built in OKC pushing the prices WAY over typical OKC prices (median based on 1 google and selecting the first result is 936$ for 1br, $1150 for 2 bedrooms- actually probably high but whatever). The Canton at Classen Curve (Classen Curve is an upscale shopping mall, again in NIchols Hills; also features semi siddities like West Elm, Whole Foods, etc. and the first African American owned Organic Juice Bar).
The Canton's prices are outrageously above the typical OKC income with a 3bedroom coming in at $4100, a 2 bedroom as high as $3100, 1 bedroom as high as $2100 for 800 s/ft, and a studio as high as $1425.
They were scheduled to begin moving in next month and have been preleasing up to this point. My druthers says they aren't getting all those apartments preleased at that price. I also know from someone who lives in Nichols Hills, they didn't want an apartment complex in Nichols Hills. Again this aint just any apartment complex, its gonna be a luxury one, and just going off the 3x rent rule, basically most people living there will be deep 6 figure + earners, but I could see people in multi million dollar homes feeling some kind of way about "an apartment complex" in their neighborhood.
They have been on fire 3 days, they were basically complete even to the point the sprinkler systems are installed but weren't turned on. I drove by yesterday and you can still see active fire and the Fire Chief had to bring in a demolition company to further demolish them so they can get to the hot zones.
TLDR:
Very overpriced 326 unit luxury apartment community moves into a part of OKC they might not be wanted, priced out everyone and likely unable to get all their units leased, mysteriously burns down at 99.5% complete. Seems fishy?
Some pics I took
blastercombo a-friend storm2006
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