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May. 2, 2014

Tulsa Wins State’s First Costco; Watermark Cos. Breaks Ground on M-F Complex in Glenpool

By Gabriel Circiog, Associate Editor

Costco is coming to Oklahoma. By the summer of 2015, the warehouse club plans to open its first location in the state at 103rd and Memorial in Tulsa. The announcement follows more than two years of work from city officials and CBRE Group Inc. to court the popular retail chain.

“To have Costco in the Tulsa market is a homerun for our city as the lifeblood of core services for cities across the state are based on retail sales and sales tax,”  Tulsa Mayor Dewey Bartlett said in a statement. “This development should add to Tulsa’s tax base and continue our mission of bringing jobs and opportunities to Tulsans.”  .

Costco is expected to use the City of Tulsa’s retail incentive policy for infrastructure improvements. The store is scheduled to open by summer 2015 and is expected to employ 200 people upon opening.

In other real estate news, Tulsa World reports that Watermark Companies has broken ground on Grandview Heights, one of the largest housing developments in Glenpool’s history. Located across the street from Glenpool’s city hall and convention center, the multi-million apartment complex will offer 348 units with 9-foot ceilings and spa-like baths, said Watermark Principal Matt Guse.

The apartment complex will be walking distance from Wal-Mart, QuikTrip and several restaurants in the expanding Southwest Crossroads development at U.S. 75 and 121st Street.

Logo Courtesy of: www.costco.com

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