EDMOND — Two stores in Edmond are going dark in places that won't be hard to replace with retailers looking for opportunities in the metro area, developer Jeff Norman said.
Blockbuster Video is closing its location southwest of Kelly Avenue and Danforth Road, where it opened in 1999. That's not one of Edmond's top 10 intersections for traffic, according to the Edmond Economic Development Authority. But there is recent retail development nearby, said Norman, president of JAH Realty.
Conn's, an appliance and electronics retailer, is closing its 32,000-square-foot store at 15th and Broadway after three years. That intersection had a 24-hour traffic count of 53,908 last year, according to the EEDA.
Norman, who spoke at the recent Edmond Economic Preview, reported 51 shopping venues with leasable space.
On the small end are 4,162-square-foot Santa Fe Plaza (major tenant: Elements Massage) at 15th and Santa Fe Avenue and Burton Place (major tenant: Popeye's Chicken) with 4,508 square feet at 2320 S Broadway. On the big end are 454,897-square-foot University Plaza (major tenants: Lowe's, SuperTarget) at Second and Bryant and 287,776-square-foot Bryant Square (major tenants: Stein Mart, Old Navy, Ross), also at Second and Bryant.
Retail space totals 3,073,118 square feet and was 10.62 percent vacant at the end of 2011, Norman said.
Several Edmond retail centers are fully occupied. He said the highest vacancy is at 96,118-square-foot Edmond Market Place (major tenant: Delta Cafe), 3303 S Boulevard.
Several smaller centers financed and built in 2007-2008 have large vacancies.
Examples are 4,800-square-foot Edmond RetaiI (Little Caesar's), south side of Edmond Road west of Santa Fe, 25 percent vacant, and 19,444-square-foot Cheyenne Springs (North Oaks Liquor), north side of Danforth, west of Kelly, 51.8 percent vacant.
Norman said the city last year issued eight retail permits totaling more than 85,000 square feet of space — ranging from a 3,825-square-foot Chicken Express at 1000 W Danforth Road to the 50,000-square-foot Uptown Grocery — valued at $8.4 million.
He reported 15 retail property sales for a total of 179,357 square feet valued at $22.5 million.