ARDMORE, Okla. -- Construction on the Ardmore Commons Shopping Center started nearly a year ago. Developers say a lot of progress has been made, and a few retailers have staked their claim at the Commons.
Developers of the Ardmore Commons say in about 6 to 8 months we could see at least two national chain stores opening.
The owner and developer of the Ardmore Commons, Burk Collins, says Dollar Tree and Petco are set to occupy lease space in the upcoming months. So far the parking lot, lights, and some of the buildings are up.
The national department store chain Dunlap’s went out of business earlier this year. The department store was set to come to Ardmore. Now developers are looking at two other stores as a replacement.
Collins also confirmed Thursday that Santa Fe Cattle Company, a popular steak house, recently signed a lease agreement.
Developers say Ardmore could see at least $20 million a year in sales tax revenue.
"That’s the way retail works. Retail breeds retail. Once a national retailer makes a decision to go to a location it triggers other retailers to follow," Collins says.
The construction project is worth about $28 million, and developers expect to finish the project by October 2008.