Extensive local economic development in sight for 2022 | Local business news
It is part of a proposal that includes at least a 20,000 square foot grocery store, 240 apartments, an additional 15,000 square feet of retail space and a 100-unit boutique hotel, according to a city official.
In addition, work is expected to be completed at least in the second quarter on what was to be the 260,000 square foot headquarters of WPX Energy, whose jobs were handed over to Devon Energy when the Oklahoma City company absorbed WPX in beginning of 2021.
Filling the 11-story building with tenants might be a Herculean task, but Jackson sees it as an opportunity.
“We’re going to do everything we can to land a new business to occupy this building, either all or most of it,” he said. “What we don’t want to happen is just move existing businesses from one building to another, because that would just create a hole in the real estate market.
Tulsa’s ability to cultivate large corporations — Williams, BOK Financial and ONEOK are prime examples — provides Jackson with a rich case for soon-to-be-available office space, he said.
“We have a lot of headquarters companies,” he said. “So when we’re on the road and visiting head offices or technical offices looking to expand or relocate, we have something to sell them. I see this as an opportunity to sell Tulsa. If we don’t have up-and-coming spaces, like WPX, like (the $125 million) Santa Fe Square, my team can’t recruit.