Claremore Gains $110 Million ‘Lifestyle’ Development

Springfield-based Resource Development Inc. has purchased 129 acres within the city limits of Claremore with the apparent intention of developing the land into a “lifestyle center.”
The development, which will be the largest private investment in the history of the city, will be located at the intersection of Highway 66 and Country Club Road, just south of Wal-Mart. When fully developed, “Oklahoma Plaza” will contain as much as 625,000 SF, with 550,000 SF of retail space and 75,000 SF of office space.
The development is expected to cost $110 million and create as many as 300 jobs.
According to RDI, the mixed-use development will combine the functions of a traditional shopping mall with a pedestrian-friendly venue. Oklahoma Plaza is expected to contain waterfront restaurants on multiple lakes, office lofts, a pharmacy and major retail, entertainment, and upscale residential units.
The development, which could contain as many as six restaurants, will include a 14-screen movie theater, outdoor amphitheater and decorative water features.
Tenants are still being sought for Oklahoma Plaza, but Wyndham Hotels has committed to being a project tenant. Another retail announcement expected later this week and additional tenant announcements are expected in upcoming weeks, according to press reports. Other planned features of the development will include additional hotels and a conference center.
The development will contribute as much as $2 million in annual taxes and is expected to break ground in April.

Was this article helpful?

Related Articles

Leave A Comment?