Newspaper article THE JOURNAL RECORD

Retail, Restaurant Market Experiences Busy Year

Newspaper article THE JOURNAL RECORD

Retail, Restaurant Market Experiences Busy Year

Article excerpt

Oklahoma City's retail and restaurant market has had a busy year, with several new firms opening up operations while other established companies have been making changes or expanding.

Most of those retailers and restaurants have jumped into Oklahoma City life with more than one location, most scattering units between the south and northwest sides of Oklahoma City. Almost all have opened in time for the holidays.

The biggest expansion in the central Oklahoma market was Food Lion, opening 12 stores in the area since May 13. Food Lion Inc. of Salisbury, N.C., sneaked into the Oklahoma City area building permits beginning in October 1991 with no major announcements. Even after the news was out, Food Lion officials still were not talking until advertisements appeared on television.

There was a flood of announcements in the spring when information was available on one store by Home Depot Inc. of Atlanta; Circuit City Stores Inc. of Richmond, Va., with three stores; and Best Buy Co. of Minneapolis with two stores. Circuit City and Best Buy have since opened; now two Home Depot's are under construction.

One of the Home Depot's is in the new Centennial Plaza shopping center at NW 59th St. and May Ave. Best Buy was the first unit to be built and opened in that retail center. Phar-Mor Inc. of Youngstown, Ohio, was to be the third anchor unit, but announcement in August of bankruptcy has halted its expansion.

The second Best Buy unit is at 7124 S. Int. Hwy. 35 Service Rd. at Crossroads Mall. Home Depot's second location is under construction at 7400 S. Shields Blvd. Circuit City stores are at 221 SE 74th St., 3625 Northwest Expressway and 6830 E. Reno Ave. in Midwest City.

Other new retailers in the city within the last year include Arlington, Texas-based BizMart Inc. at 3315 Northwest Expressway; Michael's Stores Inc. of Irving, Texas, with two area stores at 7301 S. Pennsylvania Ave. and 5012 N. May Ave.; and a four-store expansion of Blockbuster Entertainment Corp., based in Fort Lauderdale, Fla.

New restaurants in Oklahoma City include Ryan's Family Steakhouses Inc. of Greer, S.C., with locations at 8268 Northwest Expressway and at SW 74th St. east of Pennsylvania Ave. Also D.F. R. Inc. recently announced a Don Pablo's Mexican restaurant at 1521 SW 74th St. D.F. R. Inc. of Bedford, Texas, is the parent of Harrigan's Restaurants.

Outback Steakhouse at 2219 SW 74th St., a franchise operated by Hal Smith Restaurant Group Inc. of Oklahoma City, opened Dec. 8. A division of the company, OB-Real Estate Inc., has purchased the other two sites planned for Outback Steakhouses. Those are at 3600 S. Broadway in Edmond for $302,500 and 316 S. Meridian Ave. for $585,000.

Brinker International Inc. of Dallas has announced Oklahoma City is a trial area for one of five new concepts being tested by the company. …

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