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.