Does anyone know the story about the newer development around Best Buy by I-44 and Yale that has never leased out?
Talk about a failure in speculative commercial development, if that is what it was. Nothing is in there except Best Buy and Linens & Things (or Bed Bath & Beyond...never pay attention to which is which).
That site has been finished for at least a couple years hasn't it?
I think that center is the perfect example of not paying attention to location, location, location.
It is out of the way and a bit of a pain in the donkey to get to. Either through a residential neighborhood and/or via an access road to I-44. not too mention, unless you drove down I-44 and noticed it you would never know it was there.
I go to that BestBuy a few times a year. There is indeed a Linens and Things I have been to (needed a closet shelf thing) and I believe a nail parlor. But otherwise it is lacking, someone is taking a big hit on that.
I bet a section of it fills in with small offices/call centers after the developer takes the loss and sells.
Location + Timing. People like moving into nice centers. Once this center was ready for tenants the I-44 construction hit and killed the buzz. There is a tenative third anchor (you'll not the blank space in the middle) and several other small tenants but he has stated they won't move until he has dining and restaurants coming to town have so far passed up the pad sites in front of the center. Once he can get an applebees or a texas roadhouse, the whole center will start leasing.
quote:
Originally posted by sgrizzle
Location + Timing. People like moving into nice centers. Once this center was ready for tenants the I-44 construction hit and killed the buzz. There is a tenative third anchor (you'll not the blank space in the middle) and several other small tenants but he has stated they won't move until he has dining and restaurants coming to town have so far passed up the pad sites in front of the center. Once he can get an applebees or a texas roadhouse, the whole center will start leasing.
Plus the widening isn't done. The actual highway in front of the center hasn't even started yet. It's supposed to start this year, but this being Tulsa and that being a state project, I wouldn't hold your breath.
Since I live in the area I love that the Best Buy is right there. But otherwise I can imagine it being a tough sell for a small business. The one way street there doesnt help anything. I hope they make a go of it, it will just take the right kind of tennants. If Best Buy left that would suck. I would have to drive all the way to "north Dallas hell" again.
quote:
Originally posted by swake
quote:
Originally posted by sgrizzle
Location + Timing. People like moving into nice centers. Once this center was ready for tenants the I-44 construction hit and killed the buzz. There is a tenative third anchor (you'll not the blank space in the middle) and several other small tenants but he has stated they won't move until he has dining and restaurants coming to town have so far passed up the pad sites in front of the center. Once he can get an applebees or a texas roadhouse, the whole center will start leasing.
Plus the widening isn't done. The actual highway in front of the center hasn't even started yet. It's supposed to start this year, but this being Tulsa and that being a state project, I wouldn't hold your breath.
The incog plans show no construction east of Yale.
"north Dallas hell"
Must be 71st and Memorial.
quote:
Originally posted by sgrizzle
quote:
Originally posted by swake
quote:
Originally posted by sgrizzle
Location + Timing. People like moving into nice centers. Once this center was ready for tenants the I-44 construction hit and killed the buzz. There is a tenative third anchor (you'll not the blank space in the middle) and several other small tenants but he has stated they won't move until he has dining and restaurants coming to town have so far passed up the pad sites in front of the center. Once he can get an applebees or a texas roadhouse, the whole center will start leasing.
Plus the widening isn't done. The actual highway in front of the center hasn't even started yet. It's supposed to start this year, but this being Tulsa and that being a state project, I wouldn't hold your breath.
The incog plans show no construction east of Yale.
In this it's now scheduled for 2009
http://www.incog.org/transportation/documents/TIP2009_2012.pdf
06374(08)
Tulsa
Interstate Maintenance
I-44 brs C & D @ Darlington Ave & rdy fr E of Yale to W of Sheridan in Tulsa
$19,635,000
$4,590,600
I can't find an article on it now, but at one time it was scheduled for this year. But then the interchange on US 75 at 111th by my house has been on the plan since I think 2003 and keeps getting "delayed".