New Developments at Portland & NW 164th

🏗 New Real Estate Developments at Portland & NW 164th — What’s Taking Shape

By Fidelity Real Estate Brokers, Edmond, OK

If you’ve been watching the northwest Oklahoma City / Edmond area with interest, you’ve probably noticed: the intersection of Portland Avenue & NW 164th Street is evolving quickly. From large tracts of land being repositioned to modern flex-retail projects popping up, this corridor is becoming a hotspot for commercial and mixed-use development — and that means ripple effects for residential real estate too.

📍 Location & Project Highlights

• A key parcel of approximately 45 acres at the northeast corner of Portland & NW 164th is being marketed for commercial or mixed-use redevelopment.
• One of the emerging developments is called PORT164, located at the NW corner of NW 164th & Portland, offering retail, office and light-industrial/flex space.
• Several smaller pad sites (for restaurants, service businesses) and spec parcels (2-3 acres) are actively available in the area. For example: a 2.12-acre piece at the SE corner of NW 164th & Portland priced around $2.65 M.
• Residential expansion is happening nearby. Home-builders point to growing housing subdivisions in the area, citing the future retail and amenity growth as a draw.

📈 Why This Area Is Gaining Momentum

Here’s what’s driving the growth at Portland & NW 164th:

• Traffic visibility & major intersection location: The NW 164th & Portland intersection has significant traffic counts and good frontage for businesses, which attracts development interest.
• Large land tracts available: The ~45-acre site offers scale. Having large contiguous land parcels near major roads makes mixed-use or large-format retail more feasible.
• Housing growth adjacent: As new housing subdivisions (e.g., in the Deer Creek / Edmond region) expand, they create demand for nearby retail, services, and amenities. Developers are reacting.
• Modern flex/residential crossover: PORT164 is offering flexible space (retail/office/flex) built with modern standards — a sign that the land use is shifting toward contemporary suburban growth models.

🧩 What You’ll Likely See Over the Next 12-36 Months

Given the groundwork, here’s what Fidelity Real Estate Brokers anticipates:

• Retail announcements: We expect to see national chain restaurants, service-oriented retail, possible grocery or pharmacy anchors near or at this intersection as pad sites come online.
• Mixed-use starts: Because of the available acreage and housing growth, a project combining residential + retail (e.g., apartments over shops, townhomes around lifestyle retail) is likely. (Our earlier firm research flagged this corridor for “mixed-use” potential.) Fidelity Real Estate Brokers
• Land value appreciation: Already, parcels directly fronting Portland & NW 164th are trading at premiums compared to interior lots. As infrastructure improves (roads, utilities, intersection enhancements), those premiums should increase.
• Increased residential interest: As the commercial side builds out, the residential market will benefit — more amenities, more services, and greater walkability or near-drive convenience will make nearby neighborhoods more attractive.
• Longer-term build-out (3-5 years): While pad sites and flex space are near-term, full build-out (residential + retail + office) may span 3-5 years as zoning, permitting, financing and tenant recruitment take shape.

🏡 What This Means for Buyers, Sellers & Investors

For Buyers (Homeowners)

If you’re looking to buy a home in the north OKC / Edmond corridor, this development is a benefit: amenities coming into your neighborhood = improved lifestyle and potentially stronger resale value. Homes near Portland & NW 164th may increasingly trade on convenience to new retail/services.

For Sellers

If you own property near this corridor, now is an opportune time to highlight “future growth” in your marketing: proximity to new development, planned amenities, and infrastructure improvements. It might be worth staging or minor upgrades to maximize your timing.

For Investors & Developers

This area is catching the attention of commercial developers and land speculators. If you’re investing in commercial land, flex space, or residential rental properties nearby, getting in before completion of major amenities may afford upside. Consider pad sites, mixed-use parcels, or multi-family near major roads.

✅ Bottom Line

The intersection of Portland Avenue & NW 164th is evolving from “potential” to “visible momentum.” With large tracts, growing housing, and modern development coming, the area is poised to become one of the dynamic corridors in the OKC metro. For the team at Fidelity Real Estate Brokers, this is a growth story worth watching — and for you, it could mean opportunity.