Construction continues on Oklahoma City-area projects

Due to the economy’s downturn, banks’ credit tightening and its trickle effect on Oklahoma City, many developers say they are proceeding with caution, waiting until more-than-adequate preleasing or sales are obtained before beginning new projects. The following is a compilation of various, but not all, commercial developments that are displaying steady construction throughout the metro.

Edmond

Fountain Lake

13821 N Eastern

Garland Bell, Mike Dillard, and Roddy Bates are developing Fountain Lake, a $75 million, 46-acre, mixed-use project consisting of retail shops, offices, multi-family housing, Switzer’s Locker Room Self-Storage and a lake. The site is the former Lion’s Park.

The project will consist of 75,000 square feet of retail store front space, 28,000 square feet of retail/restaurant space, 30,000 square feet of professional office space, 85,000 square feet of personal storage space, 22 acres of multifamily housing and a “state-of-the-art” automated tunnel car wash. Steve Walters with Equity Realty and Amy Dunn and Brent Conway with CB Richard Ellis/Oklahoma are handling sales and leasing.