Widgets Magazine
  • Producers Coop under contract, all structures to be demolished

    OKCTalk has learned that shortly after a purchase attempt by one local group failed, another quickly placed the largest available downtown tract under contract.

    Sooner Investment has started preliminary engineering on the site which could include an extension of the Bricktown Canal and another canal inlet directly from the Oklahoma River.

    Also, an application was filed with the city yesterday to demolish all structures on the site.

    Sooner recently announced plans to develop a Warren Theater in Midwest City. They are also the developers of the massive 200-acre University Town Center in Norman as well as numerous other commercial projects in Oklahoma, Arizona and Florida.

    The 37.75-acre Producer's Coop land became available when the company moved their cotton oil processing to Altus in 2015.

    The owner of the Oklahoma City Energy soccer club, Bob Funk, had the property under contract for almost a year before pulling out of the deal, citing the inability to make the numbers work while including a new stadium for the Energy which has ambitions to one day join the Major League of Soccer, the top flight of the sport in the U.S. And Canada.

    Sooner Investment brings extensive commercial development experience to the challenging parcel, as many existing structures must be removed, contaminated soil cleaned and road access improved.

    The new Oklahoma City Boulevard runs directly north but currently does not have access to the property, although that is envisioned. Similarly, while the new convention center and Omni Hotel will be directly west on the other side of Shields, new roads would likely be built under Shields in addition to the only current access at SW 4th Street.

    The coop is considered the last major piece of the downtown / Bricktown puzzle. At the same time, much new private investment is anticipated in the area west of the new MAPS3 Scissortail Park.

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