By John Dobberstein, Editor
The city of Broken Arrow announced Tuesday that Home Depot will be constructing a store that will help anchor the Hackberry Market retail center.
Home Depot will be joined by Hobby Lobby, Burlington and T.J. Maxx in the $98 million project at the northeast corner of Tucson Street and Aspen Avenue.
The city also announced Home Goods will be locating in the Adams Creek Town Center in north Broken Arrow.
City officials noted the two new shopping centers will generate a combined $1.65 million annually in property tax revenue, which will be used to help fund Broken Arrow Public Schools, the libraries, county health department, and other entities in Tulsa County.
The shopping centers will also generate an estimated $2.97 million annually in sales tax collections combined, which the city says, “will be used to reinvest in your city to help fund services such as police, fire, street maintenance, parks and recreation, and much more.”
Developers and the city broke ground last month on Adams Creek, a new 22-acre development located on East Hillside Drive and 23rd Street. Construction recently began on the project, and the retailers announced include Burlington, Five Below, Books-A-Million, Shoe Dept. Encore, Pet Supplies Plus, Bealls Outlet, Burkes Outlet, Catrina Fresh Mex, Kids Empire and Goldfish Swim School.
Hackberry Market, to be operated by Oklahoma City-based Sooner Investment, in partnership with Omaha-based Lockwood Development, will encompass 30 acres on the northeast corner of Aspen and Tucson Street, across from the ongoing Aspen Ridge development. Sooner Investment, along with North Carolina-based developer Collett, also developed the Tulsa Hills Shopping Center in a joint venture with the city.
The estimated $98 million project just south of the Creek Turnpike would encompass 211,000 square feet of retail shopping space, plus five out parcels comprising another 22,000 square feet of expected retail and food service space.
Hobby Lobby will be returning to south Broken Arrow after leaving New Orleans Square several years ago, one of two major vacancies that led to city officials to form an advisory committee to revamp the intersection of New Orleans Street and Elm Place.
The other vacancy in New Orleans Square was Reasor’s, which eventually opened a new grocery store across the Creek Turnpike from where Hackberry Market is being built.
Tuesday’s news follows a strong of other development announcements in Broken Arrow. Just north and west, the city’s 100-acre Arrow Forge Innovation District has started construction, and the $93 million, 12,500-seat Sunset Amphitheater venue for live music is slated to open early next year just north of the Broken Arrow Events Park at the Creek Turnpike and New Orleans Street.
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