Business Times of Edmond, Oklahoma January 2020 - Page 18

Park 17 is a mixed-use development incorporating both apartments and retail space. Edmond Commercial Development still strong in 2019 BY VAN MITCHELL | PHOTO PROVIDED BY KAREN MOORE I n 2018, Edmond saw a record year for new commercial permits.   “2018 had the highest dollar of new commercial permits in Edmond’s history at $112 million,” said Janet Yowell, executive director of the Edmond Economic Development Authorit y. “This included permits for ShowBiz Cinemas ($10.75 million), Mercy’s standalone ER facilit y on I-35 ($19.4 million), Arcadia Trails Center for Addiction Recovery on the INTEGRIS Health Edmond campus ($21.5 million), and multiple Edmond Public Schools’ facilities.” The Grant Group, an Edmond based development company, also began work on Edmond Railyard and Park 17 in 2018. Edmond Railyard is a mixed use development at 23 W. 1st Street, consisting of multiple restaurant 18 January 2020 | The Business Times concepts and an open area for dining and entertainment. Park 17 is a mixed use development at 5th and Littler that will include 17 apartments as well as retail space. According to Yowell, the cit y may not experience the level of growth seen in 2018 for some time, but it does continue to see growth, especially in the downtown area.  “We are not going to be anywhere near the $112 million record in 2019,” Yowell said. “Those things just don’t happen every year, but this year has seen its share of commercial growth, with new commercial permits through October 2019 totaling approximately $42 million.” There has been a significant investment into medical marijuana and Janet Yowell, executive director of the Edmond Economic Development Authority.