Starbucks to open its doors Oct. 1
Monday, October 1, 2007
By Alison Roberts
Buzz is growing on the campus of Oklahoma Christian University about the school’s most recent construction project.
faculty and visitors to campus can now get their caffeine fix from the
Seattle-based coffee chain, Starbucks, without going far.
The franchise is within walking distance of the campus, located next to the McDonald’s at the corner of Memorial Road and Bryant.
the proximity to campus, General Manager Dennis Gothard hopes to
provide a venue for students to get off campus without going far.
“I’m really excited to open this location,” Gothard said. “I want this store to be a great place for students to hang out.”
who stop in at any time of the day are likely to spot a familiar face.
Gothard hired nine Oklahoma Christian students to work as baristas in
Cowdin, a junior at Oklahoma Christian, began working at Starbucks this
month and will transfer to the new location when it opens its doors on
“It’s a really laid-back environment to work in,” Cowdin said.
is this laid-back atmosphere, Gothard hopes will attract students to
his store. Long hours, 5:30 a.m. until 11 p.m. on weekdays and 5:30
a.m. until 12 a.m. on Friday and Saturday, make emergency caffeine runs
Gothard is looking into booking live music on Friday and Saturday nights for lengthier store visits.
location is part of a greater umbrella of properties owned and managed
by the school’s investment company, Oklahoma Christian Investment
Corporation. Executive Vice President Al Branch said Starbucks and the
investment corporation worked together to construct the new location.
“The representatives of Starbucks approached our investment company,” Branch said.
Christian currently owns both the land and the building, which are
valued at $68 million. They plan to sell the property to an outside
investor in October when the store opens. The university will reinvest
proceeds from the sale in the total endowment fund.
“The property values of all investments are included in the total sum of the school’s endowment,” Branch said.
Oklahoma Christian Investment Corporation manages properties throughout the Oklahoma City
area and is continually working to expand their investments. Outside
investors are currently seeking the remaining property behind Phase VI,
next to Starbucks.
“The entire south side of the Phase VI apartments past the fence is zoned for commercial use,” Branch said.
future profits from land development will contribute to the endowment.
Oklahoma Christian uses interest earned by the endowment to fund
overhead costs. This year, the university included 5 percent of the
profit in the budget and reinvested in the endowment fund.