A total of 577 acres of vacant land in southeastern Oklahoma City may soon be home to several large manufacturers and warehouses, as well as other industrial-type entities, all of which have the potential to create thousands of high-paying jobs in OKC. Last year, the Oklahoma Industries Authority purchased the property from the Commissioners of the Land Office through an agreement that included the Oklahoma City Economic Development Trust. Located between Eastern and Bryant avenues and Southeast 89th Street and Interstate 240, the site’s proximity to transportation networks makes it an ideal location for the development of a large industrial park where viable companies can either expand or relocate. Aptly named OKC 577, the site will be developed by Richard Tanenbaum, CEO of Gardner Tanenbaum Holdings, and Mark Beffort, CEO of Robinson Park Investments. The current masterplan has the ability to provide 7 million square feet of industrial space, including large facilities for manufacturing and distribution, but also smaller sites for office space, retail and restaurants, as well as areas designated for gathering spaces and recreation, among others. “This is a tremendous opportunity to create quality jobs for Oklahoma City and the surrounding communities. We look forward to building on the unbelievable momentum we have all worked so hard to establish in Oklahoma City,” said Tanenbaum. NEW OKC 577 DEVELOPMENT WILL RAMP UP CITY’S INDUSTRIAL ASSETS
Kenton Tsoodle, president and CEO of The Alliance for Economic Development of Oklahoma City, an entity within the City of Oklahoma City that helps coordinate land, incentives and economic tools with companies and developers, said The Alliance and the Greater Oklahoma City Chamber continue to work together helping companies looking to relocate or expand their operations. The OKC 577 project is a good example of that collaboration. He said large industrial sites like the OKC 577 property are hard to come by for cities the size of OKC. “One of the biggest things that we’re missing is large pieces of land that can be used for larger employers or manufacturers. Oftentimes, those properties get gobbled up and pieced out for residential development or small development. So, a property this size is rare,” Tsoodle said. Jeff Seymour, the Chamber’s executive vice president of economic development, stated, “The Chamber is A rendering of the future OKC 577 industrial park in southeastern Oklahoma City. (Image courtesy)
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