OAK (formerly Penn Central)

[Pete]

pete do you know off hand what the SQFT is of this expanded building ??

Right around 2,000 SF, but there will be a large patio in front as well.

[Rover]

Right around 2,000 SF, but there will be a large patio in front as well.

Was by there. Now that it is closed in it looks way bigger than it did just framed out. Looks good.

[Pete]

Was by there. Now that it is closed in it looks way bigger than it did just framed out. Looks good.

They actually took down the old framing and expanded.

[CaptDave]

Resembles the Shake Shack at McKinney and Pearl in Dallas.

[Pete]

Resembles the Shake Shack at McKinney and Pearl in Dallas.

It sure does:

[Plutonic Panda]

Pete, do we have any time-frames on possible announcements of new tenants?

[BoulderSooner]

the roof line of the McKinny one looks to be 4,000 sqft .. is there a new shake shack that is as small as 2,000 sqft ..

[soonersrus]

My understanding is that Simon (Penn Square owner) found out about the Alo deal and killed it.

Basically used their leverage as landlord of many Alo locations. Not sure if Alo will be going to Penn Square instead.

Simon had to have been furious when OAK took Pottery Barn.

Dang, this is soooo disappointing to hear. I was super excited to have an Alo store here. Ask anyone in the fitness industry and Alo is tops for apparel. And if you look at the business at Lulu and Athleta over at Classen Curve, it's clear we have the market here to support it.

I honestly thought it was too good to be true when I saw the building wraps go up at Oak, and ... well, to quote Ian Malcom, "I hate being right all the time."

Really hope Oak can find something comparable in the apparel world to fill that spot. Maybe find an up-and-coming brand? Let's just make sure we keep it a secret from Simon until the ink is officially dry.

[Pete]

Alo may be going to Penn Square; it's not for sure they won't be coming to OKC at all.

[Teo9969]

The emergence of Oak in that location is one of the best things that could have happened to PSM, for what that’s worth.

Restaurants and Retail: Strength in numbers is generally part of a winning strategy.

[Pete]

North Italia coming to OAK

[Timshel]

They may just be parroting the rumors/assumptions discussed here and elsewhere, but have had employees of both Williams Sonoma and Lively say that they have been told Shake Shack is confirmed. Not that it's a surprise, but hopefully means it will be publicly announced soon.

[jbkrems]

North Italia coming to OAK

Isn't this from the same people who brought Flower Child ?

[BoulderSooner]

Isn't this from the same people who brought Flower Child ?

kind of .. both brands are now owned by Cheesecake Factory ..

[Pete]

Here are more details of exactly how North Italia will be placed within the development.

There will be a large patio on the south side overlooking an open area.

I believe they are close to signing another new-to-market restaurant for one of the other free-standing spots.

[OkieinGeorgia]

We have one of those here in Orlando. Seeing that they make their own pasta, I definitely want to try it. Seems a great addition to an already awesome development.

[Pete]

Looks like there is a valet area directly east of North Italia.

When Mesero, RH Gallery, and N.I. join Tommy Bahama and Capital Grille, the dining options alone will draw huge crowds.

And they still have at least 3 more prime spots to fill.

I hope they have plenty of capacity in that parking structure because the surface lots will be easily overwhelmed.

[Plutonic Panda]

I’m guessing that office building isn’t coming for sometime? Or perhaps they are rethinking the entire thing altogether?

[warreng88]

I told my wife last night that this was coming to OKC and she had it twice in Dallas and loved it. I have never had it, but have heard good things. And it's always good to get new to market retail.

[Pete]

I’m guessing that office building isn’t coming for sometime? Or perhaps they are rethinking the entire thing altogether?

As stated several times before, there is no market for new, expensive office space.

They may have a little in the salvaged part of the old Registry Building.

[warreng88]

I’m guessing that office building isn’t coming for sometime? Or perhaps they are rethinking the entire thing altogether?

Talked about this in depth a couple of pages back. I think if they are going to build a 10 story office building, they aren't going to do it without an anchor tenant taking up 5-6 floors, at least. There is so much office space out there already that they don't need it right now. For now, build up the retail, get fully rented and if demand improves, build an office building. They still have the old Red Carpet across the street that they own and several other houses to the west they have purchased with the plan to tear them down and add more to the development. So, the office space may come someday, but would assume not anytime soon.

[Plutonic Panda]

OK, I was just wondering. I do recall that discussion and I know there is not much demand at all for office space. I guess we’re gonna have that parking lot for a while.

[Pete]

OK, I was just wondering. I do recall that discussion and I know there is not much demand at all for office space. I guess we’re gonna have that parking lot for a while.

Nothing is on the horizon that is going to warrant a nice, new (and thus expensive) office building in that area for the foreseeable future.

50 Penn is right across the street and Valliance is a few blocks away, and they both have plenty of room.

[BG918]

I told my wife last night that this was coming to OKC and she had it twice in Dallas and loved it. I have never had it, but have heard good things. And it's always good to get new to market retail.

I’ve been to the North Italia in Denver a few times. I don’t typically eat at chains but this one is pretty good. I was hoping True Food could make its way into this development.