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Thread: Costco

  1. #101

    Default Re: Costco in Active Negotiations

    I was sold by him but bought by Western Healthcare Parteners. Sounds like a surgery center of some sort will go there.

    This is who bought it.

    G. David Neff- Your Oklahoma Expert for Custom Professional Buildings
    Last edited by okc_bel_air; 09-19-2013 at 11:53 AM. Reason: More Info

  2. #102

    Default Re: Costco in Active Negotiations

    You must have edited your post same tme as me.

    I could see this being a St. Anthonys North complex

  3. #103

    Default Re: Costco in Active Negotiations

    I wouldn't be surprised if this was part of a deal with Costco.

    I also heard Costco at that site will be part of a much larger development, including possibly Crate & Barrel.

  4. #104

    Default Re: Costco in Active Negotiations

    COSTCO usually needs about 18 acres.

  5. #105

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by flintysooner View Post
    COSTCO usually needs about 18 acres.
    If they are part of the bigger development, they could get by with less.

    The stores themselves are only about 3-4 acres.

  6. #106

    Default Re: Costco in Active Negotiations

    I know a few years ago when they were looking they wanted 15 to 18 acres for 145,000 sf warehouse retail building and a separate gas station and they didn't want to share parking. If I recall correctly they wanted 750 spaces minimum for parking.

    They do have a "newer" business concept that is smaller and can fit on a smaller lot.

  7. #107

    Default Re: Costco in Active Negotiations

    Looking back at post #51 and then looking up the Planning Commission meeting this is what i find.

    SIRE Public Access

    Meeting notes from June 13th.

    Western HealthPlex.

    I still think Saints North

  8. #108

    Default Re: Costco in Active Negotiations

    Ive heard its St Anthonys as well.

    On the other side, I would expect a Costco to eventually happen with a large scale development surrounding it to follow.

  9. #109

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by OklahomaNick View Post
    The hard SW corner of W. Memorial and N. Western (south of the turnpike) just traded hands on 8/13/2013 for $3,489,000 for 8 acres.
    That's $24.30 per square foot!

    The seller is Houghton Heights Limited Partnership which I traced to Don Karchmer (a local developer).
    The buyer is Western Healthcare Partners who I traced to G. David Neff (another local developer / Builder).
    Here is his bio:
    About G. David Neff- G. David Neff

    Here is the county assessor link:
    Leonard Sullivan Oklahoma County Assessor Real Property Detail Sheet

    Don also owns the adjacent 92 acres, but I wonder if this 8 acres was carved out for Costco?
    Pete - I think this is $10 per sf.

  10. #110

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by Pete View Post
    I wouldn't be surprised if this was part of a deal with Costco.

    I also heard Costco at that site will be part of a much larger development, including possibly Crate & Barrel.
    Unfortunately Oklahoma City doesn't have the economics demographics that C&B looks for. But who knows.

  11. #111

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by josh View Post
    Unfortunately Oklahoma City doesn't have the economics demographics that C&B looks for. But who knows.
    OKC could get a Container Store though which I think is a similar concept. Little Rock has one. For C&B, OKC would run into the same problem it has with a lot of retailers, which is why they usually end up in Tulsa. If they decide to overlook that, I can see it being possible. Maybe they know if they can get in the same development as Costco, which will draw from much further than the 5 mile radius they usually look at, it could work.

  12. #112

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by OklahomaNick View Post
    The hard SW corner of W. Memorial and N. Western (south of the turnpike) just traded hands on 8/13/2013 for $3,489,000 for 8 acres.
    That's $24.30 per square foot!

    The seller is Houghton Heights Limited Partnership which I traced to Don Karchmer (a local developer).
    The buyer is Western Healthcare Partners who I traced to G. David Neff (another local developer / Builder).
    Here is his bio:
    About G. David Neff- G. David Neff

    Here is the county assessor link:
    Leonard Sullivan Oklahoma County Assessor Real Property Detail Sheet

    Don also owns the adjacent 92 acres, but I wonder if this 8 acres was carved out for Costco?



    So is that good or bad news?

  13. #113

    Default Re: Costco in Active Negotiations

    Good news because a hospital is being built there. Bad news for anyone hoping it would be Costco.

  14. #114

    Default Re: Costco in Active Negotiations

    So is OKC getting a Costco?

  15. #115

    Default Re: Costco in Active Negotiations

    Yes, they will be coming, just nothing official yet.

    I've been told Cabela's has also looked into the site in question.

  16. #116

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by bchris02 View Post
    OKC could get a Container Store though which I think is a similar concept. Little Rock has one. For C&B, OKC would run into the same problem it has with a lot of retailers, which is why they usually end up in Tulsa. If they decide to overlook that, I can see it being possible. Maybe they know if they can get in the same development as Costco, which will draw from much further than the 5 mile radius they usually look at, it could work.
    why is that?

  17. #117

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by sgt. pepper View Post
    why is that?
    Haven't you been following sgt. pepper? Everything that OKC is lacking is due to Walmart saturation.

  18. #118

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by NWOKCGuy View Post
    Haven't you been following sgt. pepper? Everything that OKC is lacking is due to Walmart saturation.
    That's only the grocery market that is affected/hindered by Wal-Mart.

    Upscale stores like Crate & Barrel may take issue with lack of enough high-income rooftops within a 5 mile radius.

  19. #119

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by flintysooner View Post
    Pete - I think this is $10 per sf.
    Yeah, my bad. I did my off hand math too quickly.

  20. #120

    Default Re: Costco in Active Negotiations

    Here in Lubbock on business. Just saw costco under construction. By the way little over a mile away from SAMs. At 630 pm there were propably about 150 vehicles for the construction crew on site. Lots of people working. Looked it up they are planned for a 100 day construction start to finish to opening.

  21. #121

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by beshy View Post
    Here in Lubbock on business. Just saw costco under construction. By the way little over a mile away from SAMs. At 630 pm there were propably about 150 vehicles for the construction crew on site. Lots of people working. Looked it up they are planned for a 100 day construction start to finish to opening.
    That timeframe is typical for Costco. Their normal schedule for a "typical" store is 110 days.

  22. #122

    Default Re: Costco in Active Negotiations

    Lubbock! What the...? C'mon, you're killin' us Costco!

  23. #123

    Default Re: Costco in Active Negotiations

    Lubbock... Really...? That's sad that they get a Costco before us. What does Lubbock have over us?

  24. #124

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by zachj7 View Post
    Lubbock... Really...? That's sad that they get a Costco before us. What does Lubbock have over us?
    Tumbleweeds and being in Texas. LOL

  25. #125

    Default Re: Costco in Active Negotiations

    Quote Originally Posted by NWOKCGuy View Post
    Haven't you been following sgt. pepper? Everything that OKC is lacking is due to Walmart saturation.
    So Tulsa is not saturated with Wal-Mart's and that is the reason Tulsa gets all the cool, popular stores?

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