Stonecrest leaders trying to create new ‘Black Wall Street’ – FOX 5

March 25, 2021

Stonecrest leaders trying to create new ‘Black Wall Street’ – FOX 5

Stonecrest leaders are working to make the city an entrepreneurial hub with a new marketplace that could open as soon as May.

Developers there want to see a market like Ponce or Krog filled with Black- and women-owned businesses.

Right now, the former Target on Mall Parkway stands as a largely empty and boarded-up building, but Stonecrest leaders envision a modern-day “Black Wall Street” with six to seven restaurants and a banquet space that would hold about 200 people.

If all goes according to plan, this former Stonecrest Target will soon be transformed into a market like Krog Street and Ponce. “We’re expecting a soft launch by Memorial Day this year,” city Economic and Development Director Clarence Boone said.

The space would house several restaurants of varying sizes, and up to 100 boutique-style shopping experiences. “What we’re looking for is businesses that are going to come and be successful,” Boone said.

Developer Bill Allen hopes it’ll become a modern-day “Black Wall Street,” opening on the 100th anniversary of the Tulsa race massacre.

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