The Edmond Sun

Business

June 18, 2014

Property for hotel nearing close

EDMOND — The City of Edmond and Covell I-35 Development LLC are about to close on a property exchange for a hotel-conference center site, said Janet Yowell, executive director of the Edmond Economic Development Authority.

“We are anticipating an October or November groundbreaking for the hotel and conference center,” Yowell told the EEDA board Tuesday morning.

The Edmond City Council in October approved a proposal by Covell I-35 Development LLC concerning a property exchange for the hotel-conference center site. Covell/I-35 Development LLC is developing infrastructure for the $25.5 million Hilton Garden Inn farther west, within the northwest corner of I-35 and Covell.

Originally, the structure was designated to be on the east side of the property within view of Interstate 35 traffic.

The 6-story hotel was originally planned to be on the east side of the property within view of Interstate 35 traffic. Consideration was given to improving lifestyle development on the west side. Developers plan to bring national retailers at the site.

“Now that the infrastructure is in, I think once we get the hotel-conference center coming out of the ground and seeing that vertical activity, there will be more interest,” Yowell said. “The same with Summit Sports. They are looking at a November time-frame for ground breaking.”

A movie theater group has shown interest in developing a 150,000-square-foot complex, Yowell said. They would like it to be near activity generated by Summit Sports, Yowell said. However, the theater group has not determined an east or west location on Covell and I-35.

There would be theater, a laser tag and arcade, a sports bar downstairs, a restaurant and alcohol service available upstairs, Yowell said.

“That is one we have been talking to for a couple of months now,” Yowell said.

Braum’s has shown interest in the southwest corridor of I-35 and Covell as well as a gas and convenience store, Yowell said.

So far a building  permit has not been pulled by McDonald’s to build on the southwest corner of I-35 and Covell, Yowell said. The city council approved the McDonald’s site plan in January.

“The southwest corner is always going to be big box and fast-food development, Yowell said.

In October, the community gathered to celebrate the Francis Tuttle Business Innovation Center, 2824 Progressive Drive. The 38,000-square-foot building is near the northeast corner of Covell Road and Interstate 35.



 

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