Share “Developers and retailers have more in...”

Developers and retailers have more in store for Oklahoma City

Price Edwards & Co. points to indicators that even more stores are on the horizon for a strong local economy.
by Richard Mize Published: February 1, 2014
Advertisement

Retail is on a roll in Oklahoma City.

Price Edwards & Co. pointed to a cluster of factors that indicate even more stores are in store for a strong local economy that can't seem to get enough.

“The case for new development is good: strong and growing economy, new housetops, limited available space, constrained national investment alternatives,” the firm said in its 2013 year-end retail market summary.

Development has focused for several years on a few hot spots — University North Park in Norman, Fritts Farm in Moore, Midwest City Town Center, and Westgate Marketplace and Outlet Shoppes, both in west Oklahoma City — but is about to shift to new centers of attention, Price Edwards said.

Those properties will continue to be filled in, and some freestanding boxes still remain, according to the report by Jim Parrack, senior vice president and retail specialist. But, Parrack wrote: “A handful of new sizable developments are in the works that could reshape our retail market over the next decade. Not all will happen, but one or two will at a minimum.”

Price Edwards said the projects it's watching include:

Chisholm Creek

The 180-acre project is by Medallion Management of Oklahoma City, Retail Endeavors Group of Austin, Texas, and the Blue Ridge Fund of Los Angeles.

It is on the south side of Memorial Road between Pennsylvania and Western avenues, and will include retail, entertainment, office buildings, medical and a hotel and event center.

Continue reading this story on the...

by Richard Mize
Real Estate Editor
Real estate editor Richard Mize has edited The Oklahoman's weekly residential real estate section and covered housing, commercial real estate, construction, development, finance and related business since 1999. From 1989 to 1999, he worked...
+ show more


AROUND THE WEB

  1. 1
    Your 401(k) may nosedive after Greece's vote - but don't panic
  2. 2
    Obama disappears, abandons press corps | WashingtonExaminer.com
  3. 3
    Five things to watch in tonight’s Coke Zero 400 at Daytona
  4. 4
    'Mega Man' creator wants your help making a game-and-movie combo
  5. 5
    'Sailing' spiders prove escaping from them is futile
+ show more