Griffin Properties Plans M-F Project for Shops at Aspen Creek

The Signorelli Company recently announced the sale of a 12.2-acre site to Arkansas-based Griffin Properties for a multifamily development at The Shops at Aspen Creek in Tulsa.

By Ioana Neamt, Associate Editor

The Shops at Aspen Creek

Griffin Properties has acquired a 12.2-acre site from The Signorelli Co. for a multi-family project at The Shops at Aspen Creek in Broken Arrow. The 277-unit, garden-style community will be branded The Reserve at Aspen Creek and will be managed by Trinity Multifamily, the operating partner of Fort Smith, Ark.-based Griffin Properties.

Located about 12 minutes from downtown Tulsa, The Shops at Aspen Creek is a mixed-use project developed by Signorelli and will include over 1 million square feet of retail, entertainment and residential space. Construction of the three-story residential building will begin in June 2015 and is scheduled for completion in mid-2016.

“South Broken Arrow offers the only development pocket in the entire greater Tulsa market where there is a substantial void for retail and excellent demographics supporting immediate need for a large scale development,” said Danny Signorelli, president & CEO of The Signorelli Co, in a statement. “We expect to have more announcements about key anchors, popular stores and restaurants coming to The Shops at Aspen Creek in the near future.”

The entertainment anchor at The Shops at Aspen Creek is the 18-screen, state-of-the-art Warren Theatre, which opened last month. Major retailers that have signed on include Walmart, Dollar Tree, CATO and CVS.

Image courtesy of The Signorelli Co.

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