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Economy plays role in growth along I-35

Economy plays role in growth along I-35

Newsok.com  BY DIANA BALDWIN
Published: June 3, 2009

EDMOND — Commercial development along Interstate 35 has slowed because national retailers and specialty shop owners are waiting to see what direction the economy is going to go, developers say.

Two regional malls with upscale shops were proposed 2

years ago in Edmond along Interstate 35.

Both developers say they are still interested in Edmond but are taking a step back to see what the future holds.

A 160-acre mixed-use project is proposed by a group of local businessmen, Covell I-35 Development. They plan to build retail, entertainment and offices on three corners of the intersection of Covell Road and I-35.

Bayer Properties of Birmingham, Ala., proposes to build on the southeast corner of 15th Street and I-35.

The company has an option to purchase the land there.

Neither retail project is going anywhere right now because there is no one to lease the space, developers said.

Also along I-35 at 15th Street, developer Frank Battles’ Fox Lake Plaza remains just a hill of dirt.

His site plan was approved in June 2004, but he’s experienced one delay after another. City council members and neighbors in Fox Lake have voiced frustration over the lack of progress.

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