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.