April 1, 2014

By Steve Lackmeyer Modified: March 27, 2014 at 8:00 pm •  Published: March 26, 2014

First National Center is up for sale with brokers urging potential buyers to look at it as a redevelopment opportunity.

The sale was posted this week by the Oklahoma City office of CBRE and is being represented by Amy Dunn. The listing does not include an asking price, though a separate office at CBRE appraised the property at $8.5 million during bankruptcy proceedings in 2012.

March 24, 2014

By Steve Lackmeyer Modified: March 23, 2014 at 12:00 pm   Published: March 23, 2014

A $20 million redevelopment anchored by the first new grocery in decades for northeast Oklahoma City is set to be started later this year as Oklahoma City prepares for an aggressive makeover of the NE 23 corridor.

Ward 7 Councilman John Pettis on Tuesday is set to request creation of a tax increment finance district for NE 23 between Lincoln Boulevard and Interstate 35, along with a potential new Urban Renewal declaration, aimed to ensure investment doesn’t stop with a new shopping center at NE 23 and Martin Luther King Boulevard.

The new store will be built and operated by the owners of Buy For Less, which has leased a 52-year-old building at 2001 NE 23 for the past three years after buying the existing grocery from the property owner, Grady Delling.

Susan Binkowski, who runs the chain’s property division, Esperanza Real Estate, is promising a new, 50,000-square-foot store that will be as customized to its community as Uptown Market is to Edmond and the Super Mercado stores are to the Hispanic community in south Oklahoma City.

“This is history,” Pettis said in an exclusive interview with The Oklahoman. “This is absolutely history. This shows development can happen within the inner-city of Oklahoma City.”

March 20, 2014
By Steve Lackmeyer Published: March 18, 2014

A partnership consisting of the new owners of the Sycamore Square Apartments and local developer Andy Burnett is proposing to build a five-story, $23.4 million apartment complex at the southeast corner of NW 4 and Shartel.

March 12, 2014

The Journal Record Building, largely empty since it was damaged by the 1995 bombing of the Alfred P. Murrah Federal Building, is set to be redeveloped later this year with completion possible by summer of 2015.

The Oklahoma City Industrial and Cultural Facilities Trust, which owns the eastern two-thirds of the building at 621 N Robinson Ave., approved a deal Wednesday to sell the property to Bond Payne, co-chairman of Heritage Trust Co., for $7.25 million.

March 11, 2014

By Steve Lackmeyer Modified: March 6, 2014 at 10:15 pm •  Published: March 6, 2014

A boarded-up former hotel at the east gateway to downtown is set to become the headquarters of an insurance company.

The building at Harrison and Walnut Avenues, boarded up for 27 years, is owned by the Oklahoma City Urban Renewal Authority and was previously targeted for redevelopment by Grant Humphreys. That plan was within weeks of construction starting when the national economy collapsed in 2009 and the project stalled.