OmniTRAX to sell Sand Springs lot for retail development

OmniTRAX Inc. affiliate Sheffield Crossing LLC is selling an 18-acre property to the city of Sand Springs, Oklahoma, for a retail development.

The lot is part of OmniTRAX's Sand Springs Railway Co. and the adjacent 146-acre former steel mill site, which the short-line holding company purchased from Gerdau in 2014.

The property is being developed for mixed use, including industrial, rail, retail, office and transportation/ logistics. An original development agreement between Sand Springs and OmniTRAX was approved in September 2016.

"The city of Sand Springs is pleased with the continuing partnership with OmniTRAX, and we look forward to working together to spur job growth and bring development at this large, centrally located property within our city," said Mayor Mike Burdge in a press release. "The ability of the city to control a portion of the property for retailers is important as it allows us to reach out to those specific retailers needed for our citizens."

In January 2017, OmniTRAX sold 10 acres to the city for the construction of a public safety facility, which is slated to begin in the next 30 days.

Engineering and design work has continued for the public safety facility and Morrow Road improvements; both projects will be under construction in 2018. Additionally, substantial demolition work continues at the site under the direction of OmniTRAX. Since the beginning of the project, the city and OmniTRAX have been in conversations with various companies to build a retail development along Highway 97.