Metropolis councilors will look at a real estate deal on Monday that would pave the way for development of a drive-by cafe concerning Murphy Usa and Chick-fil-A together West Shawnee Bypass.
Metropolis administrators secured a sales agreement nearly a 12 months ago with Plaza Street Associates LLC for the tract, which fetched $9.62 a square foot. A title view issued by the Prairie Village, Kansas-dependent enterprise necessitates a zoning confirmation letter, which was geared up this 7 days, and a resolution authorizing the preparation of the remaining product sales-connected files.
Town councilors will consider up that matter Monday.
Financial Improvement Director Leon Davis claimed he thinks the metropolis has done all the things it desires to do to finish the transaction. He reported an earlier concern involving the Oklahoma Section of Transportation that clouded the title has been resolved.
“They started off that because of diligence system, and then they paused till every little thing was glad with ODOT,” Davis reported. “Now that they are wrapping up their because of diligence, and soon after we near they will be making two restaurants.”
Davis claimed the first restaurant will be a Schlotzsky’s, a rapid-casual franchise that opened as a sandwich store on South Congress Avenue in Austin, Texas. The house of The Initial is recognized for its sourdough buns, has far more than 320 dining places in 24 states.
Plaza Street Associate has nonetheless to announce the identification of the second company arranging to locate on the parcel.
Assistant City Attorney Katrina Bodenhamer stated when affirmation of zoning has been prepared and submitted and the resolution authorizing the execution of other documentation is all set, a closing date has still to be set.
Davis stated he expects other projects will be coming alongside one another in the near long term.
“I have obtained a few much more options on the horizon, and I am hoping to help 1 of the developers lock in some residence,” Davis claimed. “I have a further developer I am operating with who would like to do a combined-use growth together Shawnee that would have some dining places and some awesome residences — really significantly current market-fee apartments — and some retail.”
Davis explained he was unable to present aspects about those other projects, but he hopes to make some announcements shortly.
“It takes a minimal time to get all those ducks in row when you are dealing with real estate,” Davis explained. “But I am excited about it.”