|Updated: 6/21/2013 5:35 pm
||Published: 6/21/2013 4:56 pm
A close to $35 million investment is staking shape in south Tulsa.
The Vineyard on Memorial is being built in the fastest growing part of the state and FOX23 found it the area is going to keep expanding.
The shopping center is being built in front of the Lifetime Fitness at 111th and Memorial, where south Tulsa and Bixby meet. Developers are calling this area south Tulsa’s Utica Square.
They told FOX23 there will be upscale restaurants and stores surrounding a courtyard with fountains and a fireplace.
With close to $35 million invested developers are hoping it will give a big boost to the economy.
They're hoping to give south Tulsa, Bixby and Broken Arrow residents something completely unique.
"We've got some national tenants. Two of them are restaurants: Le Crepe Nanou out of New Orleans, as well as the Wine Loft. MyFit Foods, and we also have Sports Clips. And then we also have a national tenant that is called the Children's Learning Adventure,” said Steve Wright, a development partner.
They also have 5 additional spots in the development for restaurants.
"We're talking to tenants from Kansas City, Dallas, Houston to try to get those type restaurants for the south Tulsa area," he added.
The stretch of Memorial between the Creek Turnpike and 111th Street is already the fastest growing corridor in the state.
"I really appreciate the development. Target being close has been so nice. Just the options as far as restaurants go…it's really been nice," said Kimberly Kiker, who lives in the area.
Kiker couldn't be more thrilled to see the growth continue.
"I'm excited for it. I mean, you know, being a school teacher, the revenue they're bringing in as far as taxes are concerned for schools and such," she said.
James Jackson manages the Ghengis Grill a few blocks down and even though the new development around his restaurant is only 65% full right now he thinks the Vineyard on Memorial will attract a whole new market.
"I think so. I really do. They've got a lot of money out here," said Jackson.
With an upscale look and feel builder John Rupe is confident they'll be coming in droves to spend that money.
"They're gonna have live bands. And it's just gonna create a great atmosphere," said Rupe.
The first phase of the development will be finished by the end of this year.
There have also been rumors of a CostCo being built at 101st and Memorial, the company won’t comment but sources told FOX23 those plans are in the works and an official announcement could come soon.