CHISHOLM CREEK AHEAD OF SCHEDULE
Chisholm Creek Ahead of Schedule
Chisholm Creek ahead of schedule
By: Molly M. Fleming The Journal Record
OKLAHOMA CITY – Chisholm Creek’s first residential development will open this summer, with leasing starting next month.
Cornerstone Development President and CEO Gary Brooks said the 287unit apartment complex’s construction timeline is ahead of schedule. The property is at the corner of N. Blackwelder Avenue and W. Memorial Road. It was planned with a two year build.
Brooks is working with Texas based developer Charlie Nicholas, whose company, NE Construction, is also the general contractor.
“This is the nicest property we’ve built to date,” Brooks said. “I bought in early (to this area). We love downtown because it has that urban feel and allows our residents to experience the urban life. A lot of people don’t want to live downtown, but they want to have walkable food and beverage outlets. We think Chisholm Creek will offer that.”
Medallion Group broker Whitney Rainbolt said a few national new to market restaurants have signed leases to build at The Pointe, the next phase in Chisholm Creek’s development. The Pointe is a large lake surrounded by restaurants and other retailers. It will break ground in 30 days.
The Pointe includes several buildings, with at least 40,000 square feet of retail and top floor office space. There is still office and retail space available. Pad sites are being leased by national restaurants.
The site draws about 3 million people annually, with Cabela’s, Topgolf and the mixeduse building Tract 30 open. Tract 30 has several local tenants, including Republic Gastropub, Yokozuna sushi, and Fuzzy’s Taco Shop.
Rainbolt said the location is attractive to new restaurants and retailers because it’s in one city, but near another one.
“It caters to Oklahoma City, Edmond, and the surrounding areas; whereas, if something is in Edmond, people in Oklahoma City may not cross the turnpike,” she said.
She said she’s working with the developers to bring in entertainment tenants because they can withstand changes in shoppers’ habits.
“You have to leave the house to go to Topgolf and Cabela’s,” she said. “The average customer stays four hours at Cabela’s.”
Another building is under construction at the site’s southwest corner, near Lowe’s Home Improvement Store. The Westgate at Chisholm Creek has a freestanding Starbucks store, with a 13,000 square foot building that will house Torchy’s Tacos and Potbelly Sandwich Shop. There are 2,700 square feet available for lease. Rainbolt said she hasn’t seen a decrease in retailers wanting to move into the development.
“We still seeing a ton of interest,” she said. “I’ve noticed a slowdown in other areas of Oklahoma City. We’ve been very blessed. I have noticed nationally the Internet is changing retail completely.”