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High-traffic intersection to get new retail
OKLAHOMA CITY – A new shopping center is being developed at a bustling northwest Oklahoma City corner.
Attorney Gary Homsey is working with architect Rick Brown on The Shoppes at Memorial Crossing. The center is at the northeast corner of W. Memorial Road and N. Western Avenue. Broker Donald Hayes is already working with tenants for the new development.
Homsey is demolishing the existing center’s east building, which runs north and south. The south building, which runs east and west, will be renovated for the new site.
He said he bought the center about 10 months ago.
“Everything you hear, read, and see suggests that the quadrant from Chisholm Creek and going north is going to be a tremendous area for growth, with retail and residential activity,” he said.
More than 40,000 cars pass the intersection each day, with 100,000 cars seeing it from the turnpike.
The center was not on the market, he said. He knew the previous owner, talked to him, and was able to complete the deal.
The Shoppes at Memorial Crossing will have a 14,600-square-foot L-shaped building, with a 6,600-square-foot out-parcel, Hayes said. Homsey owns another 10 acres behind the center, so an additional 100,000 square feet of large anchor tenants will be sought as well, said Hayes.
“We’ve had a lot of retailers look at the intersection,” Hayes said. “There’s a lot of interest.”
The center is directly north of Topgolf and Cabela’s, and east of Main Event Entertainment. Those businesses make the site one of the best locations in the city, Hayes said.
The Ambassador Shop has been in the center since 1986. Homsey said he’s talked to the owners about staying in the center. Their green-awning-clad building will be updated, Homsey said.
“The rents will be commensurate with the market and the area,” he said.
The center’s final design is still in the works. Homsey said he’s been working on the site for a while. There was a gas station at the immediate corner, so old gas tanks had to be removed.
Construction on the new center should start in the next few months, he said. Hayes said this will be the first time something new has been built on the site since the 1980s.
“I think it’s something everyone will be proud of,” Homsey said. “We’re excited to get started. We want to develop a nice-looking property on the going-home side of the Kilpatrick.”