Riverwalk Phase II

[FOTD]

RiverWalk Crossing owner sues investor

unclear how this affects progress

It's all part of the ongoing Jenks circus.....the big question is how the future DIP (ANB....who are these clowns?) will dispose of this property, to whom and what price below $28 million. There will never be a $41 million loan....

Looks like Jerry Gordon and his "partners" are duking it out.

Not a great time to be developing speculative mixed uses....Banksters are gonna get it in the a$$ in commercial real estate.

[Patrick]

I agree with FOTD.  Financing anything in this market is difficult.  Factor in this is commercial real estate with a feuding operator / investor relationship - I suspect phase II is on hold for awhile.

[TheArtist]

That area is still a good investment imo. The demographics are incredible and will surely continue to grow over the next 15 plus years. One reason you are seeing the Indians wanting to build that mixed use development by the river and bridge, and the Spirit Bank people investing in the Jenks Main Street development now, and the reason for the plans for the River District. Even with the current recession that area has disposable income, and once the recession is over that area will likely take off like gangbusters. I predict that area of Jenks/Tulsa will become something like a cross between Tulsas Mid-town and the Woodland Hills shopping corridor in the next 20 years.  A high concentration of shopping and office and residential,,, a mixed use, more pedestrian friendly, upscale and attractive version of whats around 71st. It will be the 3rd center of Tulsa, 71st and Memorial corridors, Downtown/Mid-Town, and the South Tulsa/Jenks areas.  These river developments are looking at easily 30year investment scenarios. This current recession is a blip on the screen. Will likely see more during that time lol, and it wont matter. There arent many other places in the Tulsa area that will be better.  You cant, not ever build or invest because your afraid of a recession here and there. Timing is important. But if you have the kind of demographics that area has and have a long time horizon, hang in there and you will do well.  

[MacGyver]

That area is still a good investment imo ...

You cant, not ever build or invest because your afraid of a recession here and there. Timing is important. But if you have the kind of demographics that area has and have a long time horizon, hang in there and you will do well.  

There's a lot of wisdom in the above.  Although sometimes the timing and duration of events can outlast your capital. 

As an aside, I'm having a hard time keeping track of which planned development is which in Jenks.  Best I can tell there is the development south of the turnpike, a main street development, and Riverwalk.

What is the progress on the first two?  I haven't noticed much activity south of the turnpike and  I don't get to Jenks Main street very often.

MG

[DowntownNow]

According to friends at Jenks planning:

The development to the South of the Creek TPK is an hold and has been scaled back some given the current state of the economy.

The development along Main, called the 'Village on Main' broke ground last month on its Phase I which included office and medical space.  They are pursuing retail tenants and will likely start infrastructure improvements to extend Main 'Avenue' through the development and back to the aquarium.  Looking at the design presentation, looks like a great development.



www.villageonmain.com

[FOTD]

^10 years at best....don't hold your breath.

[DowntownNow]

Actually FOTD, the land has been purchased piece by piece over the last few years.  Phase I had groundbreaking last month and work has started on the office space identified by 'A' and I think 'B'.  Once they start the infrastructure improvement that Jenks' has already approved plans and engineering on, the rest will fall into place quickly I'm sure.  It's a mixed-use, walkable environment with residential space eventually going on 'E' I think.  I'm no developer, but I think if King's Landing across the river and Riverwalk Phase I started filling in short order, it wont take long for this one.

[joiei]

According to friends at Jenks planning:

The development to the South of the Creek TPK is an hold and has been scaled back some given the current state of the economy.

The development along Main, called the 'Village on Main' broke ground last month on its Phase I which included office and medical space.  They are pursuing retail tenants and will likely start infrastructure improvements to extend Main 'Avenue' through the development and back to the aquarium.  Looking at the design presentation, looks like a great development.



www.villageonmain.com

From looking at the site plan do they really expect customers to hike in from the far parking lots or are they going to run shuttles constantly?   Everyone is going to want to park at the front door.  This is south Tulsa, lets not forget, land of convenient living and ample parking. 

[DowntownNow]

There is actually planned parking around each building and along the Main streeet extension.  The hope is to have a more walkable urban type feel with much wider sidewalks and they will sometimes close off the Main street extension on weekend to host street parties, outdoor markets, etc.  There is talk of a parking garage I heard but nothing concrete.  Dont let the map fool you, the development is not that big over all...maybe 4 blocks long by 2.5 wide.  There was also talk of shuttle service between this, Riverwalk, Kings and retail on the other side of the river and to the Casino...maybe.

[DowntownNow]

Oh...those far parking lots are for the aquarium and the hotel thats already there on the other side of the levy.

[DowntownNow]

Few more pics from their website





I can see walking along this and having fun at a bookstore, coffee shop, small bistro with sidewalk seating, etc

[Conan71]

I'm no developer

Reeeeeeaaaalllyyy??!!!!

Apparently some other members here seem to think so.

[DowntownNow]

Overall the development looks to be about 900x1500 feet give or take...easily walkable

[DowntownNow]

So I've noticed...

Could see a cool park in this somewhere, maybe like something BA has, or a community center for the arts....outdoor theater like Philbrook maybe.

[Red Arrow]

I think the walk would be less than from the outer reaches of Woodland Hills Mall parking to the Mall itself. 

Anyone have some same scale maps of our "favorite malls" to superimpose over the Village on Main?