Westgate Marketplace

[metro]

Does anybody know some of the new restaurants and stores going in the Westgate Marketplace on I-40 and MacArthur? I saw several new pad site being built as well as several mini strip malls.

[Patrick]

I don't believe names have been announced yet. This will be one heck of a development once it's completed though....well over 1 million total square feet, making it the largest non-mall retail strip center in the metro. When I hear any details, I'll try to post them!

[metro]

I drove by there tonight, several of the sites have signs up, I was able to read one from the highway, its a Texas Roadhouse.

[metro]

I drove by there tonight, several of the sites have signs up, I was able to read one from the highway, its a Texas Roadhouse. I also noticed the development just south of I-40 on Garth Brooks Blvd. is coming nicely in Yukon

[Patrick]

Oh yeah...that's right...I forgot about the Texas Roadhouse gonig in across from Wal-Mart. I saw that sign up when I went there a few weeks ago. Expect even more development to occur at this shopping strip.

By the way, they're building a Super Target at the Yukon development.

[metro]

I drove by for fun after a meeting downtown tonight (which was exciting hearing new propositions for the city by the way). Westgate now has a Starbucks open and it appears a GameStop, U.S. Cellular and Texas Roadhouse will be opening soon. There are numerous strip centers going up in there as well as dirt moving on huge anchor tenant spots.

[Patrick]

Don't be surpised if Old Navy is one of those anchor spots.

[metro]

I won't, I almost stated that in my thread but didnt since it wasnt confirmed earlier in the Talbot's thread. I doubt they would do it so soon but hey, I think it would be supported by the west side now instead of in 2006

[Patrick]

I know for a fact they're locating one near Lowes in Yukon, so I wonder if that will play a role in one being located at Westgate. Regardless, Westgate is becoming quite a shopping complex. From what I've heard, in the end, plan are to have well over 1 million feet of retail space. Probably more in the neighborhood of 1.4 million.

[wally]

This shoping center sounds a lot like Southroads Shopping center in Tulsa on 41st.

[Patrick]

Yeah, I'd say it's pretty similar to Southroads, only it's still growing. Actually, here in OKC we have several large mega strip centers like that.

Quail Springs Market Place and Belle Isle Station are both pretty similar. Both have around 450,000 sq feet of leasable space. Both have a Ross, Old Navy, etc.

The SilverSprings Development on NW Expressway just west of Council is quite a development, with Sams, Wal-Mart SuperCenter, Kohls, Home Depot, Office Depot, etc. It has about 700,000 sq feet of retail space.

Westgate Marketplace is the largest with over 1,000,000 sq feet, including Wal-Mart Supercenter, Office Depot, Ross, Hobby Lobby, Radio Shack, Starbucks, Fashion Bug, Pets Mart, Home Depot, and much more to come!

West End Pointe in Yukon is still growing with Lowes and Kohls already in place and a Target and Old Navy soon on the way. They have over 500,000 square feet of retail space.

Of course Riverwalk Crossing, or whatever it's called, is also a growing strip mall, with stores lke Gordmans, Kohls, etc.

[metro]

Silversprings is East of Council.

[Sooner&RiceGrad]

I have always thought a mills mall in Yukon would be a good idea. Sorta right by Westgate. They could call it Prairie Mills, since most national chains stereotype our city as being completely flat already, lol.

[Patrick]

Sorry about that metro...my mistake!

[Sooner&RiceGrad]

Whatabout my Prairie Mills idea? Why don't we email the Mill's corp, we might be lucky and get a response if like 50 differant email accounts tell them about the potential OKC has.

[Patrick]

Malls are no longer being built in the United States. Malls are quickly becoming a thing of the past.

[Sooner&RiceGrad]

What are statistics of this trend? This sounds fascinating!

[Patrick]

Let's see....a new mall hasn't been built in the U.S. since the late 1990's. Town Centers are the current trend.

[Sooner&RiceGrad]

Mill's Malls are going up all over the nation.

[metro]

here's the article confirming the old navy on south side

Texas company buys building

Texas-based Burk Collins & Co. has bought the building that houses Mardel Christian and Educational Supply at 14444 240 Penn Park Blvd.
Mardel will relocate into 240 Penn Park, a retail center under development at the site, said Mark Inman of CB Richard Ellis-Oklahoma, which handled the sale.

Collins, which is redeveloping the center with longtime southside developer P.B. Odom III, paid $2.2 million for the 25,200-square-foot Mardel building on 1.8 acres. 240 Penn Park, on Interstate 240 east of Pennsylvania Avenue, will eventually encompass the site. Carla Kurtz at Capital Abstract handled the closing.

[Sooner&RiceGrad]

I'll have to dig up my copy of the Oklahoman, what of it is true. There were also supposed to be around 15 big box retailers, some of them moving from across the street and across 74th Street. Like Michael's, Petsmart, etc, etc. That intersection is a huge bottleneck, so they should have plenty of customers. I think 74th Street could turn into another Memorial Road some day, we just need to move faster. I think good ol' Odom realizes this.

[Patrick]

Hey Nick, here's the link from the Oklahoman's website in case you wanted to see the article:

http://www.newsok.com/article/1402553/

[Sooner&RiceGrad]

Yeah, but he bought more than that. He also bought the WalMart. He also bought land between the Mardel and Walmart... He bought land in front of all 3 of these, that has highway frontage. He is not just building a mardel...

Oh, by the way, thanks for the link.

[Patrick]

Right, he purchased the entire property. The old Wal-Mart was recently torn down and a strip mall similar to others around town will be built in its place. Tenants who have already reserved space include: Old Navy, Marshalls, Michaels (relocating from Walnut Square), PetsMart (relocating from across I-240), Pier One, and a few others. The completion date is set for the fall.

[mranderson]

Right, he purchased the entire property. The old Wal-Mart was recently torn down and a strip mall similar to others around town will be built in its place. Tenants who have already reserved space include: Old Navy, Marshalls, Michaels (relocating from Walnut Square), PetsMart (relocating from across I-240), Pier One, and a few others. The completion date is set for the fall.

No. actually, the Odom family has owned that entire parcial of land for generations. It use to be an open field, and was then developed about 15 years ago.

In fact, on that parcial my family use to ride snowmobiles when we had heavy snow. My dad wanted to buy it and donate it to the city of Oklahoma City for an undeveloped park. He wanted to keep it natural so people could ride motorcycles and other things on it and not disturb the nattural look of it. Dad once told me that he wanted to place a restiction in the gift that if the city tried to develop it or sell it for an entire mellinium, the land would automatically revert to me or my decendants.

I was raised about six blocks from that land, and have watched it since the early 60's. Since Odom has owned it so long, there is no mortgage against it, hense making it extreemly valubale and one of the best investments money can buy.

At one time, the Odoms owned almost all the land from about SW 59, well past SW 134, around that east/ west miles stretch.