A long-awaited groundbreaking Wednesday set the wheels in motion for construction to begin at the Market Street at Ardmore on 12th Avenue NW.
State Sen. Frank Simpson gave the invocation. “I want to thank you, Mr. Collins, for your investment in our community,” Simpson said.
Burk Collins, a developer who is originally from Oklahoma, said he has invested approximately $78 million dollars into Ardmore development projects. Collins said his family’s support is imperative to the work he does around the state.
“In addition to Market Street, we are set to begin other projects soon,” Collins said. “We will be developing the first new center to come to McAlester in 30 years. It will contain Hobby Lobby, Ross and TJ Maxx.”
Ardmore City Manager JD Spohn said the city appreciates the company and all their contributions to the community. “We are proud to offer opportunities to our citizens as a result of the Collins family,” Spohn said. “We were also glad to see such a phenomenal turn out for the groundbreaking ceremony. We had representatives from the community and local elected officials, as well, come out to celebrate with us.”
There is more in store for Ardmore. Collins said Market Street has letters of intent from several retailers, in addition to “sure things” with Academy, FFO Home, and Home Goods.
Those letters of intent include a Firestone Tire shop, a Verizon store, Panda Express, PetSmart, Party City and Five Below.
“We will see more interest now that we’ve broken ground,” Collins said. “It’s already pretty leased up.”
Another project on the horizon is a re-model of the Commerce property that formerly housed a Fenton dealership.
“We are investing $5 million in renovating that property,” Collins said. “It will look like a brand new center, with new facades, new HVAC and a new roof.” That property will be home to retailers like Ollie’s and Dirt Cheap.
Collins said both projects are good investments in Oklahoma’s future.
After Collins’ announcements, state and local officials dug into the new project during the ribbon cutting and ground breaking ceremony.