Topic: Tulsa’s Retail Commercial Real Estate

tulsacity

The October 2004 speaker was Michelle Henry with Walman Commercial Real Estate Services. Michelle gave us a report on the state of the retail commercial market in Tulsa and the surrounding areas. Listed are many projects Michelle shared with us:

MidTown Village

This is the project located where the Children?s Medical Center used to be. It will be anchored by Best Buy and Bed, Bath & Beyond. There will be 215,000 square feet of retail development.

Tiger Plaza
To be located at 71st Street and 193rd E. Ave. in Broken Arrow. Grand opening is slated for spring of 2005. No major tenants had signed as of October 2004.

Smith Farm Marketplace
To be located at 96th Street North and Highway 169 in Owasso. Tenants to include SuperTarget, Belks, Linens & Things, TJ Maxx, Hobby Lobby, PetsMart, Pier 1 Imports, World Market and Red Robin. This center will be a large mix of retail and restaurants.

South Town Square
To be located at 101st & S. Memorial. This center will be a mix of retail and restaurants totaling 125,000 square feet. It will be Tulsa?s first upscale lifestyle center. No major tenants had been signed as of October 2004.

WAL-MART Plaza
To be located at 111th & S. Memorial. This site will consist of 55,000 square feet of retail space next to the new WAL?MART Supercenter.

RiverWalk Crossing
Currently under construction at 96th & Main Street in Jenks. This development will be a unique blend of retail, entertainment and restaurants along the Arkansas River.

Kings Landing
To be constructed at 99th & Riverside (Delaware Ave.). This project will be an upscale waterfront, Sonoma mission style shopping center. No major tenants were signed as of October 2004.

Our thanks to Michelle for bringing this very informative program to our IFMA Tulsa chapter membership. It was exciting to hear about all the great developments that are on the drawing board for Tulsa and its? surrounding communities.

Join us next month when Jack Page from the City of Tulsa will bring us up-to-date on the process of obtaining building permits and certificates of occupancy.

Cost cutting efforts continue to be the number one issue for facility managers. Based on a recent IFMA Foundation survey, this trend will continue for months to come.

So, how do we communicate the true value of the facility to our organization?s leadership?

In most cases, cost cutting efforts have been necessary and warranted. But, for every organization there is a point of diminishing returns. Go beyond that point and the cost cutting efforts will have a negative impact on the organization?s performance. Can there be balance between cost cutting and developing solutions that support the organizations business goals? How do we help organization leadership understand the true value of the facilities contribution?

Steve?s presentation investigated these issues and identified how to demonstrate the value the facility has on organizational performance.

The following issues were covered:

  • Current trends
  • Understanding the facility value
  • Assessing the value of the facility contribution
  • How to balance cost cutting with improving organizational performance
  • The Business Driven Workplace (BDW)
  • Integrated strategy, new results
  • Why are measures and metrics outside of the FM area important
  • Reporting and communicating to Senior Management.
  • Case study review of an actual organization

In addition to being the Principal of Foresight Associates, workplace strategy advisors; Steve is also Principal of Lockwood2Creations, facilities project management; and a full time instructor in the Facilities Management program at North Dakota State University. Steve has offices in Minneapolis, Chicago, and Northwest Arkansas. A potential new member of the Tulsa chapter when he and his wife, Lisa, relocate to our area, Steve?s knowledge of facility management will be a great asset to our chapter and its? members.

Congratulations to Debbi Bennett who won this month’s door prize, a $25.00 gift certificate to Barnes & Nobles.