The Walk at Tulsa Hills to Bring Jobs, Additional Revenue
ARCHIVED PRESS RELEASE: Published 11-6-2013
Mayor Dewey Bartlett announced today that The Walk at Tulsa
Hills, a new $32.5 million retail development planned for the
South 81st Street/Highway 75 corridor, would provide new
retail and restaurants for Tulsa and will add more than 1,000 jobs
from temporary construction work and the new establishments, Parkes
Development Group LLC of Nashville, TN said.
The Walk at Tulsa Hills will be located to the south of Tulsa
Hills on the east side of HWY75. The developer has indicated it is
already working to include a movie theater, grocery store,
restaurants, retail shops and an outdoor living store.
"The Walk at Tulsa Hills development is expected to generate a
payroll of $18 million between construction and permanent jobs,"
said Mayor Dewey Bartlett. "This is exactly the type of development
we are working daily to attract to Tulsa, and I am very pleased we
have reached the point in the timetable that we can discuss this
accomplishment publicly. I want to recognize our economic
development team, led by Clay Bird, as well as our retail
specialist Tammy Fate, who is continuously in contact with
potential retail prospects and working closely to celebrate
successes with existing establishments."
The developer estimates that once the improvements are
constructed and in service, gross sales will be close to $50
million, which would contribute close to $1.2 million in sales tax
revenue to the city annually. Ad valorem tax is expected to
generate $387,670, which is a significant increase and expansion of
the area's ad valorem tax base.
"We appreciate Mayor Bartlett's willingness and advocacy in
moving this project through the approval process in the spirit of
fostering an environment for economic growth and development," Bob
Martin, developer of Parkes Development Group LLC said. "The
success of Tulsa Hills attracted us to bring in new tenants to
Tulsa, and create a walkable space around several retail
establishments, as well placing restaurants and a movie theater in
the heart of the complex to complete the customer experience."
The concept for the development and plat was proposed to the
Tulsa Metropolitan Area Planning Commission (TMAPC) today and was
Martin added, "The Walk at Tulsa Hills will be a place for
families to gather for food and entertainment, and try out stores
that are brand new to this market. We are encouraged by the TMAPC's
approval and will work with the City to complete the plans, while
engaging the surrounding community in the process."