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.”