Anyone who has driven down 12th Street can see the progress being made on the new Market Street shopping center. In fact, according to Burke Collins, the developer in charge of the project, Academy will gain access to their building next month.
“It’s been coming along pretty good,” Collins said. “We’re really close to finishing up on Academy. We’re going to turn it over to them on March 12.”
The next phase of construction will begin soon.
“We’re getting ready to start the FFO building and the retail that will be out front,” Collins said.
FFO Home specializes in selling furniture, mattresses and household items at discount prices, and Collins expects construction to last around 120 days. In addition to Academy and FFO, Collins said that three of the four pads in the front of the
shopping center have also been confirmed. These businesses include Panda Express, Verizon, and an urgent care facility.
One business not yet confirmed is the grocery store which will serve as one of the anchors of the development.
“We’re working with two grocery stores, but one of them will land there,” Collins said. “All of that is still in the works.”
Other businesses not yet confirmed include one that will sell home decor and a discount box store.
The Market Street center will be Collins’ third investment in Ardmore. The Burke Collins Company, which is based out of Hurst, Texas, also owns Ardmore Commons and The Shops at Ardmore.
“It’s been a great market for us,” Collins said. “What we like about Ardmore is, if you’re in Dallas/Ft. Worth, you’ve got 10 years of boom and five years of bust. But in Ardmore we’ve had five percent growth for several years in a row now, so it’s kind of immune to that. When you put your money here, you’re not as affected by these ups and downs.”
Collins, who was raised in Bromide, Oklahoma, also credits some of his success to being familiar with the area.
“I know the market,” Collins said. “Our company has been in business for 49 years, and we only build in Texas and Oklahoma. We stay in those markets because we know the good places to build and the places to stay out of. We like to know where we’re at and where we’re going.”