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The Market at Czech Hall development moves forward with plans for $50 million retail center
GBT Realty Corp. has purchased 30 acres in Oklahoma City to develop the first phase of the $50 million The Market at Czech Hall retail development.
Construction of the first phase of the 450,000-square-foot development began last week, the company said.
The first phase of construction includes 180,000 square feet of retail space, as well as seven outparcels.
The first tenant is expected to open in fall 2016.
GBT purchased land for the development at the interchange of Interstate 40 and Czech Hall Road for $2.95 million on Jan. 11.
“The strength of the Oklahoma City marketplace and its better-than-national-average population growth and unemployment rates are just a couple of the solid real estate fundamentals that make this site ideal for development and our retail partners,” George Tomlin, president and CEO of GBT Realty said in a statement.