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March 28th, 2012 - Kelley Chambers

Compass



 


NORMAN

Lewisville, Texas-based StoneGate Senior Living purchased 6.7 acres of land in the expanding NRH Medical Park West in Norman for $1.9 million. The development is at N.W. 36th Street and Tecumseh Road, just west of Interstate 35, adjacent to Norman Regional Health System’s HealthPlex hospital.

Plans for Norman call for a post-acute rehabilitation and skilled-care center licensed to accommodate 106 patients. It will focus on short-term patients who have been discharged from the hospital but require additional rehabilitation before going home.

It will house 44 private suites, 31 shared suites, and a large gym to handle occupational, physical and speech therapies. Long-term care options also will be available.

Judy J. Hatfield, with Equity Commercial Realty LLC, was the listing broker, and Dan Wigington was the selling broker for the transaction. Rhonda Collett with Cleveland County Abstract handled the closing.

Sunflower Farmer’s Market is headed to Norman. Last year, the company opened its first Oklahoma store in August at N.W. 63rd Street and May Avenue. Shortly thereafter, it announced plans for Edmond. That store will open in April. The company plans to open a Norman store in early 2013.

The store is planned for a former Hobby Lobby, 555 W. Main Street, at the intersection of Main and S. Lahoma Avenue. The store will hire 100 employees.

CENTRAL

NorthCare purchased 11.5 acres of land at General James G. Pershing Boulevard and Villa Avenue to construct a campus for the organization and to consolidate several locations under one roof. It is a nonprofit that administers comprehensive mental-health care to children and adults, and treats those with substance abuse and trauma issues.

“The concept of a campus setting to house all adult programs, a health clinic and a pharmacy is a dream that is closer to reality with the purchase of this land,” says NorthCare CEO Randy Tate. “Once complete, this campus will give us the ability to help so many more people through the addition of services and efficiencies of practice.”

NorthCare plans to announce a capital campaign this year to raise funds for construction and staffing at the new campus.

Irmon Gray with NAI Sullivan Group handled the transaction. Barbara Chatman with Old Republic Title Company of Oklahoma handled the closing.

CENTRAL/NORMAN

The Ethics and Excellence in Journalism Foundation, founded by Edith Kinney Gaylord, announced the distribution of $1.5 million in grants to 19 journalism organizations nationwide, including two Oklahoma universities.

In the youth education category, University of Oklahoma Foundation for Oklahoma Scholastic Media Initiative was awarded $85,000 to disburse grants for equipment, software and training to high schools starting or improving newspapers.

In the special opportunities category, Oklahoma City University’s Mass Communications Department was awarded $50,000 to produce a biweekly television show to analyze and critique reporting of political issues, candidates, debates and campaign strategies during 2012, leading up to the November election.

MOORE

A $10 million IMAX auditorium opened Feb. 24 at Warren Theatres.

“It is one of the biggest movie screens on planet earth,” says Bill Warren, president of the Wichita, Kan-based theater chain. “That is no hype; it’s the largest IMAX in terms of seats and screen size I know of in the country.”

The Warren IMAX in Wichita opened last year. It is just slightly smaller than the one in Moore, 1000 Telephone Road. In its first year, the theater showed 20 IMAX movies. Warren said 10 of those were the top grossing in the country, beating even New York and Los Angeles. He expects the Oklahoma IMAX to meet or exceed its Wichita counterpart.

“I anticipate this theater in Oklahoma will be the number one IMAX theater in the country, period,” he said.

To introduce the public to the theater, it offered showings of Transformers: Dark of the Moon in 3D and the Dark Knight, both at half the $13-$16 ticket price for the first week to nearly soldout crowds.

With the IMAX done on the north end of the building, Warren still has room to grow on the south. He did not discuss exact plans, but said he’s not done yet.

“We’ll probably be adding on to the other end of the theater in the next year or two,” he said. “I’ve got a couple of new concepts I’m working on.”

 
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