Newspaper article THE JOURNAL RECORD

Burk Collins & Co. Spends Millions on Retail Development in Oklahoma City Metro

Newspaper article THE JOURNAL RECORD

Burk Collins & Co. Spends Millions on Retail Development in Oklahoma City Metro

Article excerpt

Burk Collins & Co. is establishing a name for itself in the Oklahoma market. The Texas-based development company, which specializes in retail, recently purchased its 12th investment and has plans for several multimillion-dollar projects, many starting within the next 90 days.

In the past month, Burk Collins & Co. purchased Mountain View Mall in Ardmore for $8.5 million. The mall is 271,000 square feet. The development company will spend six months and an estimated $4 million in upgrades.

The mall looks tired, said Burk Collins, CEO of Burk Collins & Co. It needs to be brought up to the 21st century. We're trying to bring in additional tenants; we're in negotiations with Old Navy, to help boost sales of the mall.

Among the first of the additions is public restrooms.

Restrooms of anchor stores Goody's, Hobby Lobby, JCPenney and Stage, a clothing store, were used as the mall's public bathrooms, said Denisa Faustner, mall manager for the past 15 years.

When the transformation is complete, Mountain View Mall will feel less like a typical mall, which has no windows, said Dwayne Collins, vice president of Burk Collins & Co. Oklahoma operations.

We'll put in skylights and change the whole appearance of it, Dwayne Collins said. It won't feel enclosed. It will feel sort of like it's outside.

Within three months, construction on a second Ardmore project will begin. At a cost of $20 million, Ardmore Commons, a 174,000- square-foot shopping center will be built near 12th Avenue and Rockford Road. The project is expected to be finished by October.

The market is leaning toward retailers that are grouped together at a single site versus one store per property, Dwayne Collins said.

If I didn't put a power center in myself, there'd be someone else to do it, said Burk Collins. Ardmore is growing like Durant, exploding in retail growth. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.