The owners of Bricktown's Wormy Dog Saloon are looking to move the venue into east Bricktown where they have bought a portion of the former Stewart Metal Fabricators plant to turn into a mixed-use retail and entertainment complex.
The property at 420 to 500 E Sheridan covers 1.47 acres and was the last parcel of the old steel plant to be sold by former owner Robert Meinders. Brett Price with Sperry Van Ness/Timothy Strange Associates represented Meinders, while Phat Matt Enterprises, which paid $2.56 million for the property, was represented by W. Mark Hyde II with Equity Commercial Realty.
The Wormy Dog Saloon, 311 E Sheridan Ave., is Bricktown's longest running live music venue, co-owned by Ronnye Farmer, Philip Randolph and the band Cross Canadian Ragweed. The venue is dedicated to “red dirt music,” a country genre originated in Stillwater.
“We've been looking at it for nine months,” Farmer said. “Where we've been, it's a 100-year-old building. It has all the problems that come with that. We're leasing, and our agreement ends in 2014.”
Farmer said studies are still under way for the property and he is unable to share details about the proposed development or a possible construction schedule.
Both Farmer and Randolph, however, say they're very optimistic about the area's future.
“I see the east end of Bricktown developing much as the west end has developed,” Randolph said. “When we started in 2003, Crabtown and the Wormy Dog were pretty much it on this end. It was dark after that.”
Farmer credited the successful development of a nine-story Hampton Inn across the street from the Wormy Dog with sparking interest further east. Over the past year, Meinders completed sale agreements with two other development groups for the remainder of the long vacant Stewart steel property.
One group, led by Gary Brooks and Andy Burnett, is working on a $75 million apartment, hotel and retail development on the north side of Sheridan Avenue between Lincoln Boulevard and Joe Carter Avenue.
Dr. Atul Patel, meanwhile, is planning to build two hotels, each between six and eight stories high, on former Meinders property at Sheridan and Byers Avenues.
Three floors of what will be an 11-story Hilton Garden Inn are already up just east of the Hampton Inn.
“If what has been proposed happens next door, the future here is very bright,” Farmer said. “You're talking six hotels within a block of this property, and then all the housing that will be coming in. You've got an influx of people coming in, and Oklahoma City is coming back into its own with downtown.”