Tulsa Business Journal Article

Country to Cosmopolitan
Ryan Daly
6/22/2009

Jenks’ transformation from sleepy suburb and high school football mecca to full-on metro is picking up speed.
Developer Duane Phillips, owner of Oak Properties Development Company, Phillips Construction LLC and co-owner of Phillips Slaughter Rose LLC, along with public officials announced this month the Village on Main, an enormous complex that within a fast-paced construction time line of three years will completely change the face and scale of the city.

The $80 million development will sit sprawled across the once fairly nondescript riverfront entrance to the city, extending into Jenks as far as Seventh Street, and will include 150,000 SF of retail and restaurants, 100-plus units of residential, 120,000 SF of professional office space, a Hillcrest Utica Park Clinic health care facility and a 100-plus room hotel and community events center.

Demolition of the houses that once dotted the footprint has already begun, clearing space for the 22,000-SF clinic. Construction is expected to start by August.

Mayor Vic Vreeland sees the development as a much-needed step forward for the city.

“Our existing Main Street business owners will enjoy the 1,600-foot extension of Main Street commerce through increased pedestrian traffic and the linkage of the River Parks trail system, which will flow through the development,” Vreeland said. “Through collaborative efforts of Village on Main LLC, Jenks City Council, Jenks Planning Commission and community stakeholders, we are able to provide this one-of-a-kind destination on the west bank of the river.”

Tulsa Business Journal Article

Retail Growth Continues in Glenpool
Tulsa Business Staff
8/26/2009

Just over a year after opening a 205,000 SF prototype Walmart, retail growth continues in Glenpool, according to the Web site.
Site work is underway for Phase II at the Southwest Crossroads site at 121st Street and U.S. 75.

City officials and Tapp Development of Edmond, developer of the Walmart anchored project, broke ground officially on Phase II of the development back in March of this year. Phase II includes additional retail space plus two hotels and a 60,000 square foot municipal building and conference center.

Tenants in the first phase of the retail center, either open or finishing construction, are Supercuts, U.S. Cellular, Papa John’s Pizza, South County Wine and Spirits and a restaurant.

Negotiations are in process with several tenants for the remaining space. When completed, the retail center at Southwest Crossroads will total approximately 100,000 SF.

Tulsa in Top 10 Most Affordable Markets
Tulsa Business Staff
11/16/2009

The University of Tulsa and its namesake city rank sixth on Coldwell Banker’s annual College Home Price Comparison Index.
The list compares the cost of similar 2,200-SF, four bedroom, two-and-a-half bathroom homes near the 120 Football Bowl Subdivision schools.

The average cost of such a home in Tulsa is $154,800, $32,915 more than the most affordable market, Akron, Ohio.

Oklahoma State University in Stillwater ranked 15th with an average price of $173,667, and the University of Oklahoma in Norman ranked 39th with a price of $204,475.

Tulsa Business Journal Article