Following the precipitous drop in the price of oil, much of the industry’s operations in North Dakota are aggregating in the Watford City area, site of most productive wells. There, investment continues unabated and huge developments like Stenehjem Commons are moving full speed ahead.
Watford City, ND, November 2, 2015 — The Watford City, ND multi-use development, Stenehjem Commons, is now shovel-ready for commercial, residential and light industrial projects. With roadways, streetlights and infrastructure (sewer, water and storm) complete, Watford City Real Estate Group is now offering pad-ready sites, with all city services, near the intersection of Business Highway 85 and the new North Dakota Highway 23 Bypass, the second busiest intersection in North Dakota. Aptly named, the development pays tribute to the Stenehjem family, a life and business force in the community for more than 100 years.
Stenehjem Commons, along with several other Watford City Real Estate Group opportunities, sits at the epicenter of North Dakota’s oil and gas industry. The vast majority of oil and gas produced in the state’s Bakken Shale play are concentrated in four counties: Dunn, Mountrail, Williams and McKenzie counties. As the price of oil ebbs, the industry’s regional offices are aggregating around the Watford City area, where more than one-third of the Bakken’s most efficient rigs are operating.
Calling itself the city that reinvests in itself, Watford City boasts ongoing projects that include a new high school, event center and medical complex, law enforcement center and municipal golf course expansion. With the area’s per capita and household incomes expected to grow by as much as 207% from 2010-2025, it now seeks developers and investors with the vision to grow along with the community.
About Watford City Real Estate Group: Formerly Watford City Realty, Watford City Real Estate Group is the leading real estate brokerage and advisory service in McKenzie County. With listings in lots & land, commercial property, residential homes and master-planned communities including Stenehjem Commons, it specializes in matching the right piece of ground with the right developer and or investor to produce a successful project. In addition to Stenehjem Commons, Watford City Real Estate Group represents Fox Hills Village and Estates, Johnson’s Landing and South 40 and others.
PO Box 2345 | 329 Main Street North
Watford City, ND 58854