e-foot Spring Creek Village shopping center by 8,000 square feet at the northeast corner of 15th Street and Bryant Avenue in Edmond.

"We're at 95% occupancy," says Charles Ballenger, owner of Ballenger's Furniture and the shopping center. "The little 5,000 square feet that we've got we're using as a leasing office right now, but with the right mix and tenant, we would lease the remaining part and get out of here."

In September, general contractor D.H. Construction began working on the vacant parcel located on the west side of the existing center.
Perimeter concrete footings have been placed. Soon the foundation will be poured, and the building's steel structure will be erected. The project is slated to be completed by the end of April 2011.

Oklahoma Municipal Assurance Group
3650 S Boulevard, Edmond

In late October, Oklahoma Municipal Assurance Group, a risk financing and loss prevention service provider for Oklahoma municipalities, broke ground on its two-story, 21,000-square-foot office building in Edmond.

The $4 million-plus office project is designed by Brian Pinkston of Bockus & Payne Architects, and will feature several "green" elements in the building's design.

In June, OMAG purchased a parcel within Edmond's Fisher Hall North office park for its new facility. Zach Martin with Sperry Van Ness/William T. Strange & Associates handled the transaction.

Martin says several sites throughout the metro were considered. Turner & Company's Fisher Hall office park was the right fit.

"Turner & Company has a great development here. It's a good location with great highway access, and it's in Edmond," he says.

In December, the development project will be placed out for bid, and a general contractor could be selected by end of year.

OMAG plans to relocate from its current office at 4130 N Lincoln Blvd. to its Edmond location when the project is completed in late 2011.  

2519 NW 23

Alliance Property Development is renovating the former two-story, 24,104-square-foot Credit Bureau of Oklahoma building, 2519 NW 23.
In August, Winchester Capital LLC purchased the 56-year-old office building for $575,000. Plans are to fully renovate the property.

Jay Baker, director of construction for Alliance Property Development, says the building will be downsized to 12,000 square feet, with 6,000 square feet available on each level. The remaining space will be used to make room for additional tenant parking. Lease rates are $14-$15 per square foot, triple net.  

"We're remodeling the whole upstairs for the new tenant and the building's entire exterior," Baker says. "The building's first level will consist of four 1,500-square-foot retail spaces and will be available for lease, as well."

Alisa Weatherman Architecture is charged with designing the project. Renovations are scheduled to be completed by late spring 2011.
 
23rd Street Courts

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