The Finch Formerly Known As Gold

16 August 2006

Glides and slides across the floor

Chesapeake Energy's expansion in recent years has been reminiscent of The Blob: eventually it would engulf the entire city, and you'd see people running out of a theater — well, maybe the Will Rogers Center — screaming at the top of their lungs.

The question of "What are they thinking?" has been sort of answered: the company has requested Planned Unit Development zoning for its campus and points to the east, roughly from Western to Shartel, 59th to 63rd. (The city's Web site, on this type of zoning: "The PUD may be used for particular tracts or parcels of land that are under common ownership and are to be developed as one unit according to a master design statement or a master development plan.")

So what's the plan? The complex may eventually contain, says the zoning application, "up to 75 condos, restaurants and a heliport," though nothing is quite graven in stone just yet:

It still is unclear ... exactly how all the space will be used, said Tim Johnson, an engineer at Oklahoma City-based Johnson & Associates.

"The language in the PUD is specifically structured so that it allows flexibility within the plan," said Johnson, who wrote the application for Chesapeake. "Chesapeake does not have a hard and fast master plan.

"As the campus develops, they may stop with office buildings and move on with condos, and that would be a good mix in the campus setting. They want to take care of their employees, so we thought about restaurants and cleaners. But nothing is concrete."

I presume Chesapeake's acquisition of Nichols Hills Plaza, northwest of its campus, isn't mentioned in the application, since the Plaza is within the corporate limits of Nichols Hills and therefore outside Oklahoma City jurisdiction.

And I have to figure that prices for natural gas won't remain in the stratosphere forever, so Chesapeake may be pursuing this diversification just to make sure they remain a major corporate player.

Posted at 1:06 PM to City Scene