The Signorelli Company Sells Site to Griffin Properties for Multi-Family Development at The Shops at Aspen Creek

277-unit garden apartment community now in design

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Jan 09, 2015, 04:18 ET

BROKEN ARROW, Okla., Jan. 9, 2015 /PRNewswire/ -- The Signorelli Company, developer of The Shops at Aspen Creek, has sold a 12.2-acre site for a multi-family development to Griffin Properties of Fort Smith, Arkansas. At completion, The Shops at Aspen Creek is planned to include more than 1 million square-feet of the best brands in shopping, dining and entertainment. The Shops at Aspen Creek is located just 12 minutes from Downtown Tulsa in the highly sought-after urban city of Broken Arrow, Oklahoma. In addition to the multi-family residences, this metropolitan destination will include a delicious mix of restaurants, copious stores and boutiques, and a five-star entertainment venue that rivals the best in the nation.

The Shops at Aspen Creek | A Signorelli Company Development

Construction of the up to 277-unit multi-family development, named The Reserve at Aspen Creek, is planned to begin in June of this year, with the opening anticipated in mid-2016. Situated at the east end of The Shops at Aspen Creek, with entrances from West Tucson Street and West Aspen Creek Drive, the three-story, garden-style apartments are now in design. Floorplans, elevations and pre-leasing information will soon be available at www.trinitymultifamily.com. The apartments will be managed by Trinity Multifamily, the operating partner of Griffin Properties. Trinity Multifamily manages over 5,000 apartments in Arkansas, Oklahoma and Missouri.

"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 and CEO of The Signorelli Company. "We are thrilled to be working together with the City of Broken Arrow in bringing large-scale retail, restaurants and entertainment to this exciting growth corridor. 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 Warren Theatre, a new 18-screen, state-of-the-art movie theatre boasting one of the largest screens in the nation at 100 feet wide by 50 feet tall. There are five different ways to experience a movie, including Screening Room™, Director's Suites, Balcony and Oscar's Lounge, Stadium and Grand Infinity Auditorium seating. The theatre also features two restaurants, and a game room. In-theater dining, reserved seating, recliner seats with seat heaters and individual armrests, and custom curved screens are among the other highlights at the new Warren Theatre at The Shops at Aspen Creek. Warren Theater opened on December 23, 2014.

About The Signorelli Company

For more than two decades, The Signorelli Company, founded by Danny Signorelli, has developed and built the finest places where families can live, work, shop and play. Diversified in all aspects of real estate development from single-family and multi-family to retail, commercial and mixed-use projects, The Signorelli Company is recognized as a leader in Houston, and is one of the largest privately held development companies in the State of Texas. The Company is headquartered in The Woodlands, TX. For more information about The Signorelli Company, visit www.signorellicompany.com.

For more information visit www.theshopsataspencreek.com.

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SOURCE The Signorelli Company