Sand Springs Hoping to Secure Tenants for Redevelopment

Sand Spring’s River City Crossing may soon have its first commitments from businesses wishing to locate in the Keystone Corridor re-development area as Terry Walters, the city’s economic development director, will be traveling to the National Shopping Center Convention, from May 18 to 21.
Joining Walters will be officials from the St. Louis-based development company, Mperical Development, the firm responsible for marketing the 27-acre tract along Morrow Road between Oklahoma 97 and Main Street.
Also joining the group will be Tulsa realtors Stan Frisbie and Tony Lombardi of Stan Frisbie Real Estate LLC, the broker for the 100-acre re-development project.
“We’re hoping to have several appointments lined up with businesses that have expressed an interest in the site,” Walters said.
In the past weeks, several national retailers and restaurants have toured the site. “Site visits are a preliminary step before the national convention,” he said.
Those contacts have made Walters optimistic.
“I’m definitely hoping to come back with some good news,” he said.
Originally known as Keystone Corridor, the development was renamed “River City Crossing” in late 2007. The city plans to redevelop the area and draw retailers and restaurants, using $14 million in Vision 2025 funds; Sand Springs officials bought out the homes, churches, and several businesses on the site, and demolished them two years ago to pave way for redevelopment.
Since then, the property has sat vacant.

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