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Strengthening a cornerstone: Windsor Hills Shopping Center’s new owners want to be part of district’s revitalization
By: Molly M. Fleming The Journal Record September 29, 20140
OKLAHOMA CITY – The Windsor District on NW 23rd Street in the city’s western corridor has been undergoing changes, including a $13.2 million streetscape upgrade. The Windsor Hills Shopping Center’s new owners said they want to be a part of the revitalization efforts.
The 194,000-square-foot shopping center at 4605 NW 23rd St. was purchased by Square Deal Capital, which manages the investments for Dave and Jean McLaughlin. Dave McLaughlin is a co-founder of Enid’s Advance Food Co., which is now part of AdvancePierre Foods. Square Deal paid $11 million for the center.
The Windsor District spans on NW 23rd from Interstate 44 to Bethany city limits, north and south between NW 20th and NW 26th street, a total area of 3 square miles. District Director Barbie Smalley said she is excited that the center is now locally owned. The leasing will be handled by Newmark Grubb Levy Strange Beffort.
Smalley said she would like to see Christmas decorations return to the center. She has previously heard from residents about how the center was once heavy with holiday décor.
“We’d like to deck it all out,” she said.
The center was once home to BC Clark Jewelers and Hyde Drug. The plaza’s tenants include Dollar Tree; The B & B Theatres Windsor 10; RadioShack; Cato; Goodwill Donation Center; Aaron’s rent-to-own furniture, electronics, and appliances; and soon a T-Mobile cellphone store. A dd’s Discount Store opened Saturday in the center.
Square Deal Chief Financial Officer Grant Soderberg said the company is excited about the center’s potential.
“We view it as a cornerstone of the community,” he said. “We plan to enhance it over the next couple of years to build it into a most significant presence. We want to be a substantial part of the community for years to come.”
Specific property improvement plans are still being evaluated, Soderberg said.
Drew Dozier, senior director at Sperry Van Ness/Land Run Commercial, handled the transaction. He grew up in the area and said the center serves the community well.
“Square Deal wants to make sure it’s not just involved in properties that have a certain cap rate,” Dozier said. “They want to be sure they are contributing to the community where the properties are located.”
Smalley said the center is already contributing, as she has organized community events at the Windsor 10. She said she has already spoken to the Gold Dome Multicultural Society about an international festival at the center.
“I think (the festival) will help us bring in the international flair,” she said.
Other developments in the district include the city starting the second phase of the streetscape project. The second phase will stretch from N. Ann Arbor to N. Peniel avenues on NW 23rd Street. The renovation will include a mill-and-overlay process to smooth the road, new sidewalks and an intersection design. She said district markers should be in place in October.
“We’re the only district with LED (light-emitting diode) lights in our district markers,” she said. “In the end, it’s going to be nice. It’s going to be a nice new area for new development and new ideas. It’s a nice new canvas for someone to paint on.”
A building at 2216 N. Portland Ave. has already received more than a fresh paint coat. It is now home to the Mighty Dog, a hot dog restaurant serving Schwab’s-brand hot dogs and Weber’s Superior Root Beer. Smalley said the district had its parklet on Better Block OKC’s Parking Day at the restaurant and she hopes to host more district events there.
“It’s important to have the events just to allow people to venture on down,” she said. “It just creates awareness that there is a district going on. If they can take the construction and just put it aside, (the district) will be the next big thing.”
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