I think the Drivetimes, shown at Post #657, are . . . "optimistic".
OKC is behind Albuquerque but Albuquerque has some major issues facing it for the next 20-40 years. There's three pillars to their economy and 2 are threatened at best.
Sandia National Labs- they aren't going anywhere, but defense spending has peaked for a while and will remain stagnant. The other is the massive Intel fab.
Intel's influence in the tech has been declined because of their disastrous decision to call tablets and mobile phones a fad and not focus to make chips for them. Intel has a lot of catching up to do.
Last is the University of New Mexico which is going to do just fine. It has excellent engineering and medical schools.
They also have no Fortune 500 companies. There is no Devon or Chesapeake making waves and hiring 100s of people at a time. Just slow and steady.
Abq also gets a lot of the retailers because they have a very centralized high income area. (Engineers for Intel and the labs make very good money) The NE heights are close to the mountains. Everyone wants to live close to the mountains, so property values jump and therefore most of the wealth in the city lives there. Not spread out like OKC. From everything I've read that's a big key to retailers.
Sure they had whole foods in like 2005. Trader joes in 2008. Abq uptown is pretty nice. And sidewalks alongside every road. (that's not a joke) The long term viability of Abq isn't good.
Keep in mind that almost all of OKC's growth and emergence took place during the worst economic crisis of the last 50 years.
Just as OKC was starting to be looked at by major national retailers, the economy tanked and many of these chains started closing stores rather than expanding.
Walmart doubled-down as they already were in a good position, and that has brought us to where we are now.
But that is changing very rapidly and rather than harp on about the past, it's time to focus on the dozens of retailers who have recently announced plans for OKC, with plenty more on the way.
New images show glimpse of Chisholm Creek development | News OK
I want to say I like the renderings so far. I really think could end up being that modern, inviting shopping center than OKC has been missing for a long time.
What's the latest on The Rustic.
Would love to see something like that in N.OKC!
Land is being cleared on the NW corner of E Memorial and N Everest (between CarMax and 7-Eleven). I work in the area and have heard that one of the new 7-Eleven locations here. There is a dingy 1980s 7-Eleven store just across the street here and there are two OnCue locations within two miles.
Yes that is going to be a new 7-11.
They have owned it for a long time.
There are actually 3 OnCues within a 2 mile radius.
Land is being cleared on a large acreage along the south side of Memorial Rd, east of Broadway Extension, directly across from the old 7-Eleven building (what would be between Everest Ave and Crossing Way.) Not any signs there but they've had tractors in there doing a lot of dirt work over the last several weeks.
^
I believe it will be for senior living.
Backs up to a cemetery too. Life comes at you fast.
As for senior living, there has been huge void of these types on units in OKC. I expect a ton of 55+ neighborhoods, ect to pop up over the next 5 years or so. People are just living longer and need to have better living options.
When I lived in SoCal, there were tons of senior living communities and more being built all the time.
OKC has a bunch of smaller facilities but as far as I know, none of the large almost city-like developments you see in other sunbelt states. Many of these pre-dated the aging of the baby boom generation.
The idea is that you move into these communities while you are still independent but they have all the skilled nursing and other facilities on-site so you can live out the remainder of your life on that campus.
This is a good location for senior living as it's a straight shot up Memorial to Oklahoma Christian U. One of the big draws for lots of seniors is ongoing education classes, like Lunch with A Professor or Town Hall Meetings. There's already a couple of senior livings nearby. Fleet of doctor offices on Bryant just north of Memorial.
The big downsides? It's still a bit far to a tertiary care center. Probably 10-15 minutes by ambulance to Mercy main campus or Integris I-35. And most of the "sun-belt" retirement communities make use of the natural landscape i.e. water features in Cali or Florida, desert mountains in Rio Rancho or Az.
The landscape at this site is basically a large cemetery. Maybe a bit too Tennessee Williams.
I'd love to see OKC embrace more of the multi generational living arrangements where young families live with seniors, in duplexes or tiny homes. Helps with the common problem of isolation and loneliness in our elderly population.
And that the west US doesn't have that strong ethnic influence. In my family, one of my siblings would have taken my parents in but my parents absolutely refused. I think about my upcoming elderly years with one son who doesnt have an enormous gene of empathy and it scares me a little.
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