Greater Oklahoma City is in the geographic center of North America equidistant from the east and west coasts and major trade partners of Canada and Mexico. The ten county region is at the crossroads of the U.S., sitting at the heart of three major national highways on the NAFTA corridor.
There's a reason Greater Oklahoma City is such a great place for business: Location. The ten county region is positioned within a day's drive of the rapidly-growing south-central region (OK, TX, AR, LA) projected to grow more than 44% during the next 25 years.
Oklahoma City was ranked second by Brookings' MetroMonitor for Economic Performance during the recession. Brookings looked at employment, wages, output, and housing conditions among the 100 largest metro areas in the U.S.
During the Oklahoma City Metropolitan Area Realtors bus tour June 18, real estate brokers and business owners saw the progress of the historical Film Row District's renovation in the 700 block of West Sheridan and Lee avenues.
Local designer David Wanzer gave a presentation on the Film Row District in which he discussed the area's history as a distribution hub for all major Hollywood studios including Columbia, Paramount, Universal, Warner Brothers, MGM, RKO, United Artists and 20th Century Fox. Area developer Chip Fudge has spearheaded the quest to renovate the area into a mixed-used destination.
Wanzer told the group these are exciting times he says as years of design, planning and now occupancy are coming together. Next, he said, will be the area's streetscape project.
EAST TO WEST
Traveling west on Sheridan, Tietsort Design purchased the building at 614 W Sheridan Ave.
Computerized Business Services occupies 624 W Sheridan Ave.
The Oklahoma Theater Supply building, at 628 Sheridan Ave. houses 308|Design Collaborative, Butzer-Gardner, Task Design and Obelisk Engineering.
The 22,000-square-foot Film Exchange building, 700-708 W Sheridan Ave., is at 60-percent occupancy. The building has two additional key spaces available for lease.
Real Estate broker Philip Bohanon with Marcus Millichap who is handling the leasing for the Film Exchange building, said a 3,200 square feet retail space at 700 W Sheridan Ave. in the Film Exchange buildings lower level is currently being built out as a restaurant/café site.
The building's second level is also available for lease. The 6,200-square-foot office space features: two 10 tall skylights, new insulated double pane glazing in original steel casement windows, new mechanical, electrical and plumbing, and a new roof.
Next door, Critical Mass Productions, a video production company, is scheduled to occupy space at 702 W Sheridan Ave., with a fall 2009 opening.
Insight Funding Group (IFG), a residential mortgage company, recently took 2,500 square feet of space at 704 W Sheridan Ave.
Wanzer said IAO Gallery will soon occupy 6,000 square feet at 706-708 W Sheridan Ave. Renovations are underway and the tenant is scheduled to move into the building in August.
At 720 W Sheridan Ave. is the 35,000-square-foot Hart building which was built as a storage warehouse in 1956. Bohanon says the building is currently in shell condition and new windows are being placed on the property.