It looks like an abandoned piece of land but it is set to become an insane $98million project in booming city

What looks like an abandoned lot covered in brush and dirt is about to be transformed into a massive $98million shopping destination in one of America’s fastest-growing cities.

Hackberry Market, a 211,000-square-foot retail development, is set to bring major names like Home Depot, Hobby Lobby, TJ Maxx and Burlington to this burgeoning metropolis.

The sprawling retail center is expected to generate more than $100million in annual sales.

‘The development team and their retail and restaurant owners and operators are making a $98 million investment to construct the retail and service industry space,’ a press release stated.

This includes over 200,000 square feet of anchor retail buildings and five outparcels for additional retail and food service space with over $100 million in annual sales projected from the development. 

City officials in Broken Arrow, Oklahoma confirmed the project will sit on more than 30 acres of land.

Mayor Debra Wimpee called the move a major win for the city.  

‘A development like Hackberry Market is a big WIN for everyone in the City of Broken Arrow,’ said Mayor Wimpee.

‘Not only will it meet our residents’ demand for additional retail and dining options, but the tax revenue helps fund our police, fire, streets, and all of the infrastructure that makes Broken Arrow the BEST place to live in Oklahoma and the 12th Best Place to live in the entire country!’

‘It doesn’t happen without amazing developers like Hackberry Market, LLC, who have incredible vision for growth.’

But the city won’t immediately see a flood of revenue due to a 25-year tax increment financing (TIF) district agreement in place to help fund the infrastructure needed to support the development.

The TIF district is projected to rake in $120.5million in sales and use tax revenue over its lifespan.

Property taxes, which support public schools and local services, will be unaffected.

The project is a public-private partnership between the Broken Arrow Economic Development Authority, Hackberry Market LLC and Lockwood Development.

Officials say the project could create hundreds of new jobs and serve as a catalyst for even more commercial growth on the south side of the city.

Construction is set to begin soon with a grand opening expected by late 2026 or early 2027, according to city spokesman Aaron McColloch.

A ‘groundbreaking ceremony’ took place on Thursday that celebrated the start of construction at Hackberry Market.

City manager Michael Spurgeon said: ‘First off, I want to personally thank Hackberry, LLC., Sooner Investment Development Company, and Lockwood Development for investing in our city and providing our citizens with job opportunities as well as additional retail, dining, and entertainment options that will improve life right here at home,’ said Spurgeon.

‘Secondly, the City Council should be commended for their vision and willingness to establish TIF District No. 6 to assist Hackberry LLC, with the infrastructure improvements necessary to build a project of this magnitude.’

Broken Arrow has seen explosive population growth over the past two decades. 

it is the state’s fourth largest city and last year the population grew 3,022 people to 122,756 – a 2.5 percent rise.

The city has become a magnet for developers looking to tap into its booming economy.

Another major shopping center is also in the works for the area. 

Adams Creek Town Center, a $35 million, 22-acre shopping hub on the city’s north side, will bring major national retailers like Burlington, Five Below, Books-A-Million, and Pet Supplies Plus to the fast-growing Tulsa suburb.

Construction on Adams Creek Town Center is expected to be completed by the end of the year with stores expected to move in and open next year.