Jenks restaurant planned near aquarium, RiverWalk
Developers plan to break ground in March and open this fall.
Jim Blacketer and Garrett Mahaney plan to build a restaurant between the Oklahoma Aquarium and RiverWalk Crossing in Jenks. Stephen Pingry / Tulsa World
By SUSAN HYLTON World Staff Writer
Published: 1/31/2010 2:27 AM
Last Modified: 1/31/2010 4:56 AM
JENKS - Jim Blacketer has spent many hours looking south from the 96th Street Bridge and envisioning great business possibilities on the vacant riverside lot below.
"I held my breath hoping someone wouldn't buy that site," Blacketer said. "I knew it was a home run."
In a partnership with the emerging Village on Main development, plans are in place to break ground there in March on a 9,000-square-foot showplace restaurant that is set to open this fall.
Some of Blacketer's acquaintances expressed reservations about the isolated side of the bridge.
But Blacketer, who has enjoyed success with Los Cabos restaurants at RiverWalk Crossing on the north side of the bridge and in Broken Arrow, said the bridge offers great visibility for a restaurant.
"The bridge is an asset, it's not a liability," he said. "We've been in business long enough to know what will work."
Blacketer and the Village on Main developers are investing more than $5 million in the Waterfront Grille, an American grill concept with an extensive menu that will include fresh seafood, steaks and moderately priced hamburgers made from meat ground daily.
The menu also will have thickly stacked deli sandwiches on homemade bread, a variety of salads, prime rib, rotisserie chicken, specialty pastas and a major bar and wine selection.
Blacketer is planning a brunch menu with complimentary mimosas for Sundays.
"Jim's restaurant and success really speaks for itself," said Bob Eggleston of the Village on Main LLC. "A lot of people say they can do it, but Jim's done it consistently for years."
Equally important will be the Southwestern-influenced ambiance of the restaurant. Blacketer said it will feature an exposed kitchen with exhibition cooking. The oval-shaped bar will overlook the river.
Ninety percent of the seating will be in mahogany and red leather booths. Designs call for a rounded teak ceiling with chandeliers.
Blacketer said the restaurant will be "upscale casual," so if you've come in sweaty from the trail you're just as welcome as the guy in his sports coat.
An extended patio featuring a fireplace will wrap around the heavily landscaped restaurant. Live entertainment is planned at night.
After dining, patrons can stroll along the river trail, shop, catch a movie or take the kids to the Oklahoma Aquarium, which attracts people from throughout the region.
"We're trying to make this a destination place," said Garrett Mahaney of the Village on Main.
Part of the plan also includes extending the river trail at RiverWalk Crossing under the bridge to the new restaurant to connect RiverWalk Crossing and Village on Main.
Blacketer said the investment in the project is significant.
"We believe in the Tulsa marketplace," he said. "We think that we've shown that if you build it, people will come."
"We don't really look at this as Jenks. It's south Tulsa," Blacketer said.
But the city of Jenks' role in the development is key. The Oklahoma Aquarium Foundation will give title to the land for the restaurant to the Village on Main, which will build the restaurant that will be operated by Blacketer and his sons, Jimmy and Jeb.
The city requires the Village on Main to build a "sales-tax generating" project, which is the restaurant, and construct public parking lots under the bridge and across the street from the restaurant and the Holiday Inn Express Hotel.
Blacketer said that Los Cabos generates about $1 million in sales taxes for the city of Jenks each year. The Waterfront Grille is expected to generate more.
Village on Main also is required to construct a major entry feature to the aquarium coming off Apache Street, which will become Aquarium Place.
As part of the plan, the Oklahoma Aquarium will receive a $1.7 million credit from the Jenks Public Works Authority — which is the estimated value of the restaurant land and parking areas — that the aquarium can use on shortfalls or debt service.
Jenks city attorney Stephen Oakley said that if six of the seven Jenks Aquarium Authority members approve, they could also use a portion of the credit for projects.
The scope of the three-phase Village on Main project has expanded to 700,000 square feet of space with the addition of the restaurant and new parking areas.
The Hillcrest clinic was the first phase and will open in July. The restaurant is the second phase, and Eggleston said they will be ready to announce some major tenants during coming months in the rest of the shopping, dining and entertainment attraction.
"We don't intend to stop (moving forward) with projects until we hand out the last set of keys," Eggleston said.
It's about time something was developed in that area.
$5mm for 9000 square feet, sheesh, that's some confidence.
Blacketer said that Los Cabos generates about $1 million in sales taxes for the city of Jenks each year. The Waterfront Grille is expected to generate more.
I guess that's where they get their confidence from.
He should try paying his taxes.......
Kinda concerned that he was chosen as the restaurateur last year and it has taken him a year to work out the particulars. That makes me think it will open in about a year and close 3 months after that.
Quote from: Breadburner on February 02, 2010, 12:16:11 PM
He should try paying his taxes.......
do tell....
Conan....good math. But, is this the true picture?
What bank is financing this deal?
Quote from: FOTD on February 02, 2010, 12:46:38 PM
do tell....
Conan....good math. But, is this the true picture?
What bank is financing this deal?
That's what the man said in the newspaper article. Big, big risk on that kind of rent factor, but if LC is doing $30mm a year, that might give the man reason to think he can sustain it and bring more critical mass to the area. I'm coming up with $30mm revenue based on the City of Jenks getting $1mm a year in sales tax off LC- that being the city's share, not including county and state cuts. That's a shitload of fajitas and margaritas.
Blue Dome and Brady- come on get busy! Critical mass time!
Quote from: FOTD on February 02, 2010, 12:46:38 PM
do tell....
Conan....good math. But, is this the true picture?
What bank is financing this deal?
Do you get Guffey's Journal......It's in there....I think on the back page.....
Quit taking Guffey's after it sold 5 years ago....too much disinformation. The owners may have started to improve but what does FOTD know...
There is no way that LC does that much volume. No way.
That guy is probably adding up all the revenue from Riverbalk and thinking without LC nobody would survive.
What bank would finance this? It must be a bunch of venture capitalists tricked into believing this is a great location with tremendous restaurateurs.
Quote from: FOTD on February 02, 2010, 01:08:40 PM
Quit taking Guffey's after it sold 5 years ago....too much disinformation. The owners may have started to improve but what does FOTD know...
There is no way that LC does that much volume. No way.
That guy is probably adding up all the revenue from Riverbalk and thinking without LC nobody would survive.
What bank would finance this? It must be a bunch of venture capitalists tricked into believing this is a great location with tremendous restaurateurs.
This was in the public notices section....So I don't think it was dis-information.....
Quote from: FOTD on February 02, 2010, 01:08:40 PM
There is no way that LC does that much volume. No way.
Agreed
here is the list of the top 100 independent restaurants in dollar volumn according to Restaurant and Instutitions magazine. I don't see LC on there anywhere.
QuoteNo. Restaurant Location '08 Sales Avg. dinner check Meals served Seats Square footage Web
1 TAO LAS VEGAS RESTAURANT & NIGHTCLUB Las Vegas $68,406,696 $72 785,000 500 62,000 taolasvegas.com
2 TAVERN ON THE GREEN New York City $34,221,691 $66 476,899 1500 27,000 tavernonthegreen.com
3 JOE'S STONE CRAB Miami Beach $28,827,328 $65 320,000 480 N/A joesstonecrab.com
4 SMITH & WOLLENSKY New York City (Third Avenue) $28,595,000 $88 387,000 420 N/A smithandwollensky.com
5 TAO ASIAN BISTRO New York City $24,433,601 $74 385,000 335 10,500 taorestaurant.com
6 OLD EBBITT GRILL Washington, D.C. $23,330,827 $24 800,000 505 18,000 ebbitt.com
7 BUDDAKAN New York City $21,602,008 $78 237,898 384 16,290 buddakannyc.com
8 GIBSONS BAR STEAKHOUSE Chicago $20,753,314 $63 335,899 230 8,725 gibsonssteakhouse.com
9 JOE'S SEAFOOD, PRIME STEAK & STONE CRAB Chicago $20,500,000** $68.00** 410,000** 335 N/A joes.net
10 JOE'S SEAFOOD, PRIME STEAK & STONE CRAB Las Vegas $20,300,000** $68.00** 400,000** 384 N/A joes.net
11 FULTON'S CRAB HOUSE Lake Buena Vista, Fla. $20,140,933 $45 421,519 510 28,844 fultonscrabhouse.com
12 MIX Las Vegas $19,500,000** $90.00** 190,000** 250 N/A mandalaybay.com
13 SW STEAKHOUSE Las Vegas $19,500,000** $100.00** 170,000** 284 N/A wynnlasvegas.com
14 SPARKS STEAK HOUSE New York City $19,400,000** $83.00** 270,000** 700 N/A sparkssteakhouse.com
15 BOB CHINN'S CRAB HOUSE Wheeling, Ill. $19,242,677 $35 652,991 750 19,960 bobchinns.com
16 PRIME ONE TWELVE Miami Beach $18,900,000** $105.00** 155,000** 138 N/A prime112.com
17 RUMJUNGLE Las Vegas $17,900,000** $65.00** 300,000** 433 20,000 mandalaybay.com
18 PRIME STEAKHOUSE Las Vegas $17,877,624 $138 129,548 176 6,325 jean-georges.com
19 DEVITO SOUTH BEACH Miami Beach $17,800,000** $136.00** 140,000** 250 N/A devitosouthbeach.com
20 '21' CLUB New York City $17,324,066 $144 138,790 150 N/A 21club.com
21 BLUE FIN New York City $17,300,000** $62.00** 330,000** 400 6,325 brguestrestaurants.com
22 THE FOUR SEASONS New York City $17,250,000 $144 103,000 270 17,000 fourseasonsrestaurant.com
23 BLUE WATER GRILL New York City $17,000,000*** $63.00** 295,000** 400 N/A brguestrestaurants.com
24 MON AMI GABI Las Vegas $16,650,000** $60.00** 350,000** 450 N/A monamigabi.com
25 WOLFGANG PUCK GRAND CAFE Lake Buena Vista, Fla. $15,768,960 $23 618,686 480 18,355 levyrestaurants.com
26 ROCK CENTER CAFÉ New York City $15,701,400 $40 335,708 215 N/A patinagroup.com
27 THE SLANTED DOOR San Francisco $15,495,332 $44 340,000 174 N/A slanteddoor.com
28 ABE & LOUIE'S Boston $15,268,412 $75 204,221 182 10,300 abeandlouies.com
29 TOP OF THE WORLD Las Vegas $15,248,037 $87 184,468 476 7,200 topoftheworldlv.com
30 SCOMA'S RESTAURANT San Francisco $15,229,280 $40 381,000 375 15,354 scomas.com
31 GIBSONS BAR STEAKHOUSE Rosemont, Ill. $15,201,119 $59 250,470 260 10,500 gibsonssteakhouse.com
32 SKYCITY AT THE NEEDLE Seattle $15,116,739 $54 277,448 270 N/A spaceneedle.com
33 DELMONICO STEAKHOUSE Las Vegas $15,100,000** $80.00** 190,000** 380 N/A emerils.com
34 BALTHAZAR New York City $15,000,000** $60.00** 250,000** 205 N/A balthazarny.com
35 JUNIOR'S New York City (Brooklyn) $14,800,000** $23.00** 780,000** 420 N/A juniorscheesecake.com
36 HUGO'S FROG BAR & FISH HOUSE Chicago $14,647,815 $57 245,169 270 14,050 hugosfrogbar.com
37 VENUS DE MILO RESTAURANT Swansea, Mass. $14,550,774 $30 500,000 350 71,000 venusdemilo.com
38 SPICE MARKET New York City $14,513,093 $63 232,000** 335 15,000 spicemarketnewyork.com
39 THE MANOR West Orange, N.J. $14,500,000** $70.00** 219,000** 1200 N/A themanorrestaurant.com
40 THE LOBSTER HOUSE Cape May, N.J. $14,448,359 $33 321,699 524 49,445 thelobsterhouse.com
41 COFFEE SHOP New York City $14,391,360 $25 400,000 270 6,500 N/A
42 CHINA GRILL Las Vegas $14,300,000** $45.00** 255,000** 303 N/A chinagrillmgmt.com
43 GLADSTONE'S MALIBU Los Angeles $14,100,000** $25.00** 575,000** 720 N/A gladstones.com
44 CRAFTSTEAK Las Vegas $14,000,000** $80.00** 125,000** 320 N/A craftrestaurant.com
45 DEL POSTO New York City $14,000,000 $125 112,000** 175 13,000 delposto.com
46 CHOPS LOBSTER BAR Atlanta $13,500,000** $77.00** 174,000** 341 N/A chopslobsterbar.com
47 THE MILLERIDGE INN Jericho, N.Y. $13,478,242 $41 330,000 1080 42,000 milleridge.com
48 ZEHNDER'S OF FRANKENMUTH Frankenmuth, Mich. $13,390,685 $14 966,835 1100 80,000 zehnders.com
49 THE ANGUS BARN Raleigh, N.C. $13,164,205 $56 235,159 700 35,000 angusbarn.com
50 GRAND CENTRAL OYSTER BAR & RESTAURANT New York City $13,100,000** $48.00** 379,000** 334 N/A oysterbarny.com
51 CARMINE'S Atlantic City $13,000,000** $38.00** 298,000** 480 N/A carminesnyc.com
52 PHILLIPS HARBORPLACE Baltimore $12,997,316 $30 434,547 920 18,000 phillipsseafood.com
53 MORIMOTO New York City $12,926,891 $95 115,021 199 N/A morimotonyc.com
54 ST. ELMO STEAK HOUSE Indianapolis $12,900,000** $71.00** 175,000** 360 N/A stelmos.com
55 CAFÉ FIORELLO New York City $12,899,710 $38 329,430 193 4,500 thefiremangroup.com
56 SHAW'S CRAB HOUSE Chicago $12,800,000** $46.00** 370,000** 380 N/A shawscrabhouse.com
57 BOULEVARD San Francisco $12,697,753 $80 156,950 164 N/A boulevardrestaurant.com
58 JUNIOR'S (TIMES SQUARE) New York City $12,600,000** $15.50** 770,000** 218 N/A juniorscheesecake.com
59 DANIEL New York City 12,600,000** $118.00** 105,000** N/A N/A danielnyc.com
60 GEORGE'S AT THE COVE La Jolla, Calif. $12,500,000** $80.00** 270,000** 250 10,000 georgesatthecove.com
61 FRANKENMUTH BAVARIAN INN Frankenmuth, Mich. $12,493,054 $15 839,973 1200 90,000 bavarianinn.com
62 MICHAEL JORDAN'S STEAK HOUSE Uncasville, Conn. $12,400,000** $72.00** 204,000** 240 N/A michaeljordanssteakhouse.com
63 FIX RESTAURANT & BAR Las Vegas $12,300,000** $78.00** 211,000** 171 4,200 lightgroup.com
64 PORTLAND CITY GRILL Portland, Ore. $12,283,136 $60 354,094 377 18,300 portlandcitygrill.com
65 TRATTORIA DELL'ARTE New York City $12,236,383 $52 225,316 294 7,000 trattoriadellarte.com
66 MESA GRILL Las Vegas $12,200,000** $64.00** 215,000** 228 8,800 mesagrill.com
67 HARRY CARAY'S ITALIAN STEAKHOUSE Chicago $12,115,000 $45 480,000 333 20,000 harrycarays.com
68 CARMINE'S (44TH STREET) New York City $12,100,000** $37.00** 500,000** 340 N/A carminesnyc.com
69 STRIPSTEAK Las Vegas $12,100,000** $110.00** 149,000** 230 N/A mandalaybay.com
70 BARTOLOTTA RISTORANTE DI MARE Las Vegas $12,000,000** $80.00** 200,000** 226 N/A wynnlasvegas.com
71 MIKE'S AMERICAN Springfield, Va. $11,942,896 $27 450,000 360 44,049 greatamericanrestaurants.com
72 LAWRY'S THE PRIME RIB Beverly Hills, Calif. $11,900,000** $48.00** 250,000** 500 20,000 lawrysonline.com
73 RUBY FOO'S (TIMES SQUARE) New York City $11,900,000** $51.00** 190,000** 320 7,000 brguestrestaurants.com
74 HARRIS RANCH RESTAURANT Coalinga, Calif. $11,867,700 $32 476,323 480 304,500 harrisranch.com
75 ASIA DE CUBA New York City $11,800,000** $66.00** 197,000** 170 N/A chinagrillmgmt.com
76 GOTHAM BAR & GRILL New York City $11,800,000** $ 95.00** 153,000** 175 5,000 gothambarandgrill.com
77 III FORKS Dallas $11,800,000** $80.00** 143,000** 1000 N/A iiiforks.com
78 BRYANT PARK GRILL New York City $11,800,000** $48.00** 252,000** 180 25,000 arkrestaurants.com
79 REDEYE GRILL New York City $11,743,366 $53 197,619 245 8,000 thefiremangroup.com
80 MONTGOMERY INN AT THE BOATHOUSE Cincinnati $11,600,000** $28.00** 505,000** 720 N/A montgomeryinn.com
81 QUALITY MEATS New York City $11,537,000 $93 124,000 138 25,000 fourthwallrestaurants.com
82 RM SEAFOOD Las Vegas $11,500,000** $73.00** 180,000** 335 16,000 mandalaybay.com
83 CLIFF HOUSE San Francisco $11,500,000** $50.00** 326,000** 244 25,000 cliffhouse.com
84 EMERIL'S Orlando $11,400,000** $58.00** 281,000** 275 N/A emerils.com
85 N9NE STEAKHOUSE Las Vegas $11,400,000** 95.00** 168,000** 200 N/A n9negroup.com
86 SALTY'S ON ALKI BEACH Seattle $11,349,359 $48 217,475 341 22,070 saltys.com
87 AUREOLE Las Vegas $11,300,000** 95.00** 106,000** 450 N/A mandalaybay.com
88 CHINA GRILL New York City $11,300,000** $67.00** 210,000** 185 N/A chinagrillmgmt.com
89 MEGU (THOMAS STREET) New York City $11,300,000** $94.00** 84,000** 205 N/A megunyc.com
90 ZEFFIRINO Las Vegas $11,300,000** 67.00** 164,000** 330 10,900 zeffirinolasvegas.com
91 AQUAKNOX Las Vegas $11,235,877 $94 119,000 260 N/A aquaknox.net
92 EIFFEL TOWER Las Vegas $11,200,000** $79.00** 184,000** 230 N/A eiffeltowerrestaurant.com
93 OKADA Las Vegas $11,200,000** $75.00** 150,000** 207 N/A wynnlasvegas.com
94 MIKE DITKA'S RESTAURANT Chicago $11,150,444 $84 171,472 197 13,000 mikeditkaschicago.com
95 HARLEY DAVIDSON CAFÉ Las Vegas $11,100,000** $31.00** 434,000** 400 20,000 harley-davidsoncafe.com
96 SPAGO Las Vegas $11,100,000** $52.00** 347,000** 300 N/A wolfgangpuck.com
97 CALIFORNIA GRILL Lake Buena Vista, Fla. $11,100,000** $51.00** 221,000** 282 5,842 disneyworld.disney.go.com
98 MONTGOMERY INN Cincinnati 11,100,000** $27.00** 491,000** 820 N/A montgomeryinn.com
99 MALONEY & PORCELLI New York City $11,080,000 $86 135,000 200 N/A fourthwallrestaurants.com
100 DANIEL BOULUD BRASSERIE Las Vegas $11,000,000** $72.00** 180,000** 304 N/A danielnyc.com
** R&I estimate
Quote from: Conan71 on February 02, 2010, 11:23:49 AM
$5mm for 9000 square feet, sheesh, that's some confidence.
Knowing the area, I would think the parking expense, trail extension and such to be easily 20% of that.
There is a lot of infrastructure expense that will go into this project beyond just building the restaurant. Also, $1.7mm of it is going to the Aquarium. The Aquarium owns the land.
The Riverwalk area is starting to look a lot like OKC Bricktown.
Half empty.
Quote from: heironymouspasparagus on February 07, 2010, 07:56:53 PM
The Riverwalk area is starting to look a lot like OKC Bricktown.
Half empty.
Half full?
Quote from: Vision 2025 on February 02, 2010, 06:53:26 PM
Knowing the area, I would think the parking expense, trail extension and such to be easily 20% of that.
Still, $4mm for 9,000 sq ft? Wow.
Quote from: Conan71 on February 08, 2010, 07:21:02 AM
Still, $4mm for 9,000 sq ft? Wow.
Not out of line for a significant facility with the described high end finishes and all equipment necessary for kitchen, bar, and management.
It (both) WAS full, now is half empty.
Quote from: heironymouspasparagus on February 08, 2010, 12:07:29 PM
It (both) WAS full, now is half empty.
Yep, doing so poorly there are presently two new buildings under construction, plus several hundred units of apartments immiediately to the North that will occupy this spring. ::)
Quote from: Vision 2025 on February 08, 2010, 11:14:28 AM
Not out of line for a significant facility with the described high end finishes and all equipment necessary for kitchen, bar, and management.
Don't get me wrong. I'm a fan, but it takes a lot of table turns or high covers to cover that nut in this finicky restaurant market. I admire the guy for having the cajones to do it.
Quote from: Vision 2025 on February 08, 2010, 12:56:56 PM
Yep, doing so poorly there are presently two new buildings under construction, plus several hundred units of apartments immiediately to the North that will occupy this spring. ::)
Just can judge success by construction, or "The Village at Woodland Hills" would be one of the most successful shopping centers in Oklahoma.
Quote from: sgrizzle on February 08, 2010, 01:50:21 PM
Just can judge success by construction, or "The Village at Woodland Hills" would be one of the most successful shopping centers in Oklahoma.
Seems to me, occupancy has gone up since the much needed renovation.
I'm not aware of them adding any sqr footage.
Hopefully they will be busy. And the apartments will find renters.
As for now, that is still dramatically overbuilt, apparently. Are the two new buildings rented? Or have owners moving in? I haven't seen any new signs, but haven't looked for a while, either.
And Simon Malls letting Eastland go to crap a few years ago. And Woodland Mall is getting pretty run down (another Simon enterprise), but seems to be sporadically improved.
We just have so many companies leaving the area, or being sold/merged and having people moved out, it looks like a long time to me before we even get close to "back to normal". Bed Check - sold and moved out/laid off, FW Murphy merged and getting rid/laying off (granted, they always do that), Baker Hughes moving many to Houston - or dumping them if the don't want to enjoy the Houston ambience. Others just shutting down branches.
Sadly, these jobs won't be offset by some new restaurant jobs. Gaspar and I are trying to get our manufacturing up and running to be ready for the surge when things do free up a little.
Quote from: heironymouspasparagus on February 08, 2010, 06:48:57 PM
Hopefully they will be busy. And the apartments will find renters.
As for now, that is still dramatically overbuilt, apparently. Are the two new buildings rented? Or have owners moving in? I haven't seen any new signs, but haven't looked for a while, either.
And Simon Malls letting Eastland go to crap a few years ago. And Woodland Mall is getting pretty run down (another Simon enterprise), but seems to be sporadically improved.
We just have so many companies leaving the area, or being sold/merged and having people moved out, it looks like a long time to me before we even get close to "back to normal". Bed Check - sold and moved out/laid off, FW Murphy merged and getting rid/laying off (granted, they always do that), Baker Hughes moving many to Houston - or dumping them if the don't want to enjoy the Houston ambience. Others just shutting down branches.
Sadly, these jobs won't be offset by some new restaurant jobs. Gaspar and I are trying to get our manufacturing up and running to be ready for the surge when things do free up a little.
I got talked into driving to between Memorial and Mingo on 71st Saturday night which is something I ordinarily avoid. In fact, I'd rather take a head-long dive into a tree shredder. You'd never know we were in any sort of a financial crisis right now judging by the traffic and the full parking lot at WHM. Just like Xmas traffic at 5pm on Saturday.
Though my assessment of the local economy doesn't read as dire as yours, I agree that it's a risky time for anyone to be developing retail real estate.
If you never believe anything else I say, please DO believe that I have the very highest hopes for Tulsa businesses to be successful. ALL of them.
I am always looking for a really good restaurant to try. So many are way too derivative and predictable!
Also, want improved manufacturing/industrial activity in the area. That is the engine that drives an economy. Nationwide, we have slid from about 30% manufacturing to about 10% in the last 40 years. You and I are both "living the dream" of that catastrophe.
71st has always been a mess, since just after WHM was built. Inadequate roads, inadequate city planning. Clear example of what happens when zoning is done with heads in sand and dollar signs blinding the sight.
Quote from: Conan71 on February 08, 2010, 07:07:06 PM
I got talked into driving to between Memorial and Mingo on 71st Saturday night which is something I ordinarily avoid. In fact, I'd rather take a head-long dive into a tree shredder. You'd never know we were in any sort of a financial crisis right now judging by the traffic and the full parking lot at WHM. Just like Xmas traffic at 5pm on Saturday.
Though my assessment of the local economy doesn't read as dire as yours, I agree that it's a risky time for anyone to be developing retail real estate.
71st Between Memorial & Mingo? You were in the economic heart of Northeastern Oklahoma, my friend. $$$$$$$$$$$$$$$$$$$$$$$$$$$
--
Are we talking about the Riverwalk now?
Those apartments were not what was originally planned for that spot.
--
Quote from: BKDotCom on February 08, 2010, 03:08:52 PM
Seems to me, occupancy has gone up since the much needed renovation.
I'm not aware of them adding any sqr footage.
As far as I know they added one tenant, and that was due to the tenants old location being torn down by ODOT. There are still plenty of spaces that have not had a single tenant in the 15-20yrs since they built it.
Quote from: sgrizzle on February 08, 2010, 08:11:37 PM
As far as I know they added one tenant, and that was due to the tenants old location being torn down by ODOT. There are still plenty of spaces that have not had a single tenant in the 15-20yrs since they built it.
grizz, I'm a little vauge on the area, is this between 169 and Mingo, or Mingo and about half way to Memorial?
Quote from: dbacks fan on February 08, 2010, 09:41:47 PM
grizz, I'm a little vauge on the area, is this between 169 and Mingo, or Mingo and about half way to Memorial?
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=71st+%26+memorial,+tulsa,+ok&sll=37.0625,-95.677068&sspn=59.769082,118.476563&ie=UTF8&hq=&hnear=S+Memorial+Dr+%26+E+71st+St,+Tulsa,+Oklahoma+74133&ll=36.065405,-95.886462&spn=0.015142,0.028925&t=h&z=16&layer=c&cbll=36.065498,-95.886465&panoid=_tQa62IsLK5MLktisTO9sQ&cbp=12,258.78,,1,5
The Village at Woodland Hills is on the west side of Memorial, opposite of Woodland Hills Mall, behind Pep Boys.
Hope I did the Google Map link correctly.
Quote from: Red Arrow on February 08, 2010, 10:11:12 PM
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=71st+%26+memorial,+tulsa,+ok&sll=37.0625,-95.677068&sspn=59.769082,118.476563&ie=UTF8&hq=&hnear=S+Memorial+Dr+%26+E+71st+St,+Tulsa,+Oklahoma+74133&ll=36.065405,-95.886462&spn=0.015142,0.028925&t=h&z=16&layer=c&cbll=36.065498,-95.886465&panoid=_tQa62IsLK5MLktisTO9sQ&cbp=12,258.78,,1,5
The Village at Woodland Hills is on the west side of Memorial, opposite of Woodland Hills Mall, behind Pep Boys.
Hope I did the Google Map link correctly.
When Cinemark decided to open an IMAX in downtown Tulsa (169 and Memorial), they switched the Cinemark at The Village to a dollar theater.
That severely damaged this shopping center.
After your assertion about 41st & Peoria being part of the ghetto, I think your credibility is blown.
Quote from: Red Arrow on February 08, 2010, 10:11:12 PM
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=71st+%26+memorial,+tulsa,+ok&sll=37.0625,-95.677068&sspn=59.769082,118.476563&ie=UTF8&hq=&hnear=S+Memorial+Dr+%26+E+71st+St,+Tulsa,+Oklahoma+74133&ll=36.065405,-95.886462&spn=0.015142,0.028925&t=h&z=16&layer=c&cbll=36.065498,-95.886465&panoid=_tQa62IsLK5MLktisTO9sQ&cbp=12,258.78,,1,5
The Village at Woodland Hills is on the west side of Memorial, opposite of Woodland Hills Mall, behind Pep Boys.
Hope I did the Google Map link correctly.
You got me to where the discussion was about, thanks. The only time I remember that area being full was during the late 80's, 87ish, thru the mid 90's. Although, I dated someone that wotked at the Bealls store back in '87, and that whole area with the exception of Mervyns seemed to close at 6:00 on a Saturday night, while the other centers were open later. I think the other thing that hurt it was there was only one real entrance that was accessible by north bound traffic, and it shared it with the mall entrance. If you were in the center to the south there is a small access drive.
Conan
Was the 41st thing in another string? Seems like I remember something about that, somewhere.
61st and Peoria is where the bad area is. You pretty much have to go over to Lewis at 51st, do to 71, then go back to Peoria. Well, maybe not quite that bad, but I don't like to paddle through there at night, too much.