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Thread: OKC vs. Tulsa Retail

  1. #301

    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by jonny d View Post
    I am not saying OKC has no good retail (they do, I love Allton's!!). But it is kind of depressing knowing Nordstrom doesn't think enough of OKC to have a store here, yet they have stores in smaller markets, like Providence, among others. OKC has enough wealth to support one of these stores.

    OKC needs one of these as a branding point. I am not criticizing anyone or their views, I just feel a Nordstrom would do wonders for OKC.
    You will be surprised comparing OKC to Providence. It is obvious why Nordstrom is in one and not the other.
    https://datausa.io/profile/geo/provi...lahoma-city-ok

  2. #302

    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by bchris02 View Post
    You're right that Classen Curve is coming along nicely and is much improved compared to how it was under the previous owners. No space for an upscale department store though. Now if they would build the "lifestyle" portion that was originally supposed to be anchored by REI...
    I think the space next behind west elm and anthropology would be a large enough space for a similar size of saks in Utica.

  3. #303

    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by Sooner.Arch View Post
    I think the space next behind west elm and anthropology would be a large enough space for a similar size of saks in Utica.
    Agreed. That's where REI was originally supposed to go before it was held up by NIMBYs. I still think that would have been a better location than in a shopping center with a Wal-Mart and Ross.

  4. #304

    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by Jersey Boss View Post
    You will be surprised comparing OKC to Providence. It is obvious why Nordstrom is in one and not the other.
    https://datausa.io/profile/geo/provi...lahoma-city-ok
    You're comparing the Providence Metro Area to Oklahoma City proper.

    https://datausa.io/profile/geo/provi...-ok-metro-area

    Still shows pretty much the same thing though.

  5. #305

    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by T. Jamison View Post
    You're comparing the Providence Metro Area to Oklahoma City proper.

    https://datausa.io/profile/geo/provi...-ok-metro-area

    Still shows pretty much the same thing though.
    Thanks for the correction. I guess I used the wrong drop box entity.

  6. #306

    Default Re: OKC vs. Tulsa Retail

    What retailers look for primarily is density and high incomes within a 1-, 3- and 5-mile radius from any proposed location.

    OKC always looks bad in this type of analysis because we are not densely populated anywhere in the metro and our incomes are low due to the low cost of living.

    So, when things get to the final decision makers, the numbers always look bad.

  7. #307

    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by Sooner.Arch View Post
    Wait what?... All of Nicolas Hills/Classen Curve is upscale. Utica Square is also so run down now, even the landscaping is terrible.
    It looks the same as it always has, obviously a lot depends on when you go it will look different in the winter vs. when they plant a lot of flowers in the spring. They do need to infill the Miss Jackson’s/Petty’s site, maybe a Nordstrom will fit there

  8. #308

    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by Pete View Post
    What retailers look for primarily is density and high incomes within a 1-, 3- and 5-mile radius from any proposed location.

    OKC always looks bad in this type of analysis because we are not densely populated anywhere in the metro and our incomes are low due to the low cost of living.

    So, when things get to the final decision makers, the numbers always look bad.
    The other problem that OKC has is that it’s areas of high income are dispersed and are surrounded and intermingled with areas of low income. Nichols Hills is wealthy, but a 3-mile or 5-mile analysis would include the Village and areas east of Western/Wilshire. Quail Creek is well off, but geographically close to the apartments along 122nd/Penn. Even farther north, there are beautiful subdivisions and then they put $200K tract homes all interspersed in between.

  9. #309

    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by stlokc View Post
    The other problem that OKC has is that it’s areas of high income are dispersed and are surrounded and intermingled with areas of low income. Nichols Hills is wealthy, but a 3-mile or 5-mile analysis would include the Village and areas east of Western/Wilshire. Quail Creek is well off, but geographically close to the apartments along 122nd/Penn. Even farther north, there are beautiful subdivisions and then they put $200K tract homes all interspersed in between.
    That's right.

    I have mentioned before that for years I was a commercial real estate broker that specialized in retail properties in OKC. Worked with lots of national retailers and OKC was always a tough sell because no matter the site, the 3- and 5- mile radius demographics never looked good, at least when just looking at cold numbers.

    It's one of the big reasons the big boys and higher end places have been slow to come here.

    But, once they do, virtually all of them exceed expectations and that has helped bring more and more.

  10. #310

    Default Re: OKC vs. Tulsa Retail

    I've updated the list on the first post of this thread.

    I would appreciate those with Tulsa knowledge to mention any stores I've missed and to double-check everything.

  11. #311

    Default Re: OKC vs. Tulsa Retail

    Thanks, Pete!

    I believe Art of Shaving is now closed. Last time I was at Penn, it wasn’t operating.

  12. Default Re: OKC vs. Tulsa Retail

    for OKC, quickly off the top of my head - don't we also have Aldi and Winco, and (coming soon) Alamo Drafthouse, Bob's Chophouse, and Ruth's Chris?

    Can't wait for the IKEA announcement as well.
    Oklahoma City, the RENAISSANCE CITY!

  13. #313

    Default Re: OKC vs. Tulsa Retail

    Also exclusive to OKC is V's Barbershop. Don't know if you'd consider that retail or not though.

  14. Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by Pete View Post
    That's right.

    I have mentioned before that for years I was a commercial real estate broker that specialized in retail properties in OKC. Worked with lots of national retailers and OKC was always a tough sell because no matter the site, the 3- and 5- mile radius demographics never looked good, at least when just looking at cold numbers.

    It's one of the big reasons the big boys and higher end places have been slow to come here.

    But, once they do, virtually all of them exceed expectations and that has helped bring more and more.
    And what's funny is that this is seen as a good thing from so many other perspectives because it keeps a "class" segregation down better. Not that we dont still have it via private schools/gated neighborhoods/etc, but in general the wealth distribution in OKC is MUCH more balanced than in other cities. I just wish more retailers would see the light earlier in the game rather than later so we dont have to go through the song-and-dance each time to convince someone to come here.

  15. Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by Sooner.Arch View Post
    Wait what?... All of Nicolas Hills/Classen Curve is upscale. Utica Square is also so run down now, even the landscaping is terrible.
    Lol. Utica square is the furthest thing from run down.

  16. Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by Pete View Post
    I've updated the list on the first post of this thread.

    I would appreciate those with Tulsa knowledge to mention any stores I've missed and to double-check everything.
    As I said on the last page, Tulsa exclusively has a Pendletons. It also exclusively has a Marmi shoes and gearhead outfitters,

    Additionally, Tulsa is getting a Winco.

  17. #317

    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by HOT ROD View Post
    for OKC, quickly off the top of my head - don't we also have Aldi and Winco, and (coming soon) Alamo Drafthouse, Bob's Chophouse, and Ruth's Chris?

    Can't wait for the IKEA announcement as well.
    Tulsa I believe has several Aldi's and a Ruth Chris at River Spirit.

  18. #318

    Default Re: OKC vs. Tulsa Retail

    Restaurants are not included in the list.

  19. #319

    Default Re: OKC vs. Tulsa Retail

    ALDI'S are pretty much "everywhere".

  20. #320

    Default Re: OKC vs. Tulsa Retail

    I believe Aldi came to OKC before Tulsa, but can't confirm.

  21. Default Re: OKC vs. Tulsa Retail

    Does quik trip count?

  22. Default Re: OKC vs. Tulsa Retail

    Regarding the fresh market in Tulsa; I have no idea how it stays open. I just bought a home nearby so I visit it quite often, and half the time there are more employees than customers. It is really, really nice - the nicest in oklahoma imo - but prices out 85% of oklahoma shoppers.

  23. #323

    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by soonerfan_in_okc View Post
    Does quik trip count?
    Not unless OnCue does.

  24. #324

    Default Re: OKC vs. Tulsa Retail

    I never saw an Aldi in OKC until I moved out of Norman (2011), but I know there were Aldi's in Tulsa before I moved out from Tulsa (2006)

  25. #325
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    Default Re: OKC vs. Tulsa Retail

    Quote Originally Posted by Pete View Post
    Not unless OnCue does.
    Quick Trip is a semi-national chain with 800 locations in 13 states with more than 20k employees and $10 billion a year in sales while being regarded as the best convince store brand in the nation along with Philly based WaWa. OneCue is not. They aren't comparable.

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