In terms of the headquarters spurring additional development in the central core, Beffort says that's been happening for awhile. "We're already doing a lot of things there. A significant number of residential units are being built for lease or for sale. There's a significant amount of retail. We have a night life now in the Downtown," he adds. "The city is spending significant amounts of money with what we call the 'core-to-shore' area."

In other words, the Devon headquarters is more a confirmation of Oklahoma City as a viable metro rather than the start. "Building a new building of that type will add new credibility to Oklahoma City's central core," Beffort says.

Mark C. Snead, director of Oklahoma State University's Center for Applied Economic Research in Stillwater, OK, agrees with Beffort, adding that the building may be somewhat behind the curve. "The reason Devon is staying there, and is building there, is because the past four years have witnessed explosive growth for the company, the city and the state," he tells GlobeSt.com. "The building isn't an early sign--it's almost remarking on the obvious."

Snead acknowledges that to those outside the state, a 1.9-million-sf world headquarters positions Oklahoma City as a full-blown metro rather than a victim of the oil bust or what he dubbed as the "perceived Midwest malaise that goes from the Texas border to the Canadian border.

"Larry Nichols [Devon's CEO] said he wanted to change the reputation of Oklahoma City and start pointing people to positive and vibrant parts of the area," Snead says. "He nailed it with what this building will be a sign of."

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Devon's $750M HQ Build Reflects OKC's Progress

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