At the Oak Cliff Bicycle Co.’s one-year anniversary party Saturday, the shop’s co-owner, Jeremy Ordaz, made a stunning announcement.

“We’re moving to Frisco,” he says.

Such a kidder, that guy. But seriously, the shop, which Ordaz owns with Ean Parsons, is moving from its original location on Tyler near Davis to the Bishop Arts District. They’ve leased the space that used to be a Dallas police substation, and they expect to move in the next few months.

The owners say they’ve outgrown their current space, and the new location is about twice as big. Plus, we hear they got a good deal on the rent, which is what most people who move to the B.A.D tell us these days.

The news is terrific for the bike shop, but it’s kind of a bummer for the Tyler Street area, which merchants have tried to brand as the Tyler-Davis Art District. The bookstore, Cliff Notes Prolonged Media, also moved from its original Tyler street location to a more visible spot adjacent to the Kessler Theater.

A bright spot for the area, though, is Oil and Cotton Creative Exchange, which is opening on Seventh near Tyler soon.