EDMOND — Uptown Grocery Co., which opens Wednesday, will change grocery shopping in Edmond and bring an estimated annual economic impact of more than $2.26 million, officials said.
The grocery store occupies 50,350 square feet of the building at 1230 W Covell Road, on the southwest corner of Covell Road and Kelly Avenue. Space to be offered to other businesses makes up the remaining 22,000 square feet of the warehouse-style building.
City Planner Bob Schiermeyer said this is one of the largest commercial buildings that has been built in Edmond in at last the last five years.
Edmond has seen an estimated $20.5 million economic output just from the construction cost, said Janet Yowell, Edmond Economic Development Authority executive director. That figure includes direct costs, suppliers and consumer impact during the construction phase.
Owners Hank and Susan Binkowski said their construction cost was $13 million. They anticipate hiring between 250 and 300 employees.
The local sales tax revenue impact is estimated at $335,809, while the state sales tax impact is estimated at $391,219, Yowell said.
City leaders think Uptown Grocery Co. is the start of growth for that part of Edmond.
“This will be fantastic,” Schiermeyer said. “They offer a new product, prepared food and a specialty market; all that is popular in this area. We should see major shopping in northwest Edmond.”
Yowell said Uptown Grocery Co. will make a great anchor store for the Kelly and Covell area.
“I think it will stop people going to Oklahoma City for specialty grocery shopping,” Yowell said.
The store will feature natural and organic foods. Over a third of the grocery store building will offer a selection of prepared food.
High-quality meats, seafood, sushi and a large selection of exotic cheeses, plus concierge service, cooking shows, event planning and an on-site master florist, are all part of the store, said Hank Binkowski, owner and president.
Hank Binkowski and his wife, Susan, joined forces to create Uptown Grocery Co. Hank Binkowski has been in the grocery business with Buy for Less for years. Susan Binkowski is owner and manager of the property developer Esperanza Real Estate Investments.
“We have had vendors that stock stores all across the country say that they have never seen anything like it,” Susan Binkowski said. “Locally, many of the people from the community have thanked us for bringing such a unique offering to Edmond.
“It feels wonderful to have someone else as excited about your ‘new baby' as we are.”
The store opens at 9 a.m. and closes at midnight.
“We are holding to the adage as a company, the words of Maya Angelou ... ‘I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.'”