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Old September 2nd, 2006, 10:23 PM   #41
Adam186
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Mutual of Omaha Aiming for a Destination Development
By Adam VanZee and Lou

(Omaha)- On May 18, 2005, Mutual of Omaha announced it was seeking redevelopment options for the property east of its headquarters. The development sits on an 8 acre site bound from 31st to 33rd streets and from Dodge to Farnam streets. The development is tied to an initiative called Destination Midtown, which plans to make the Midtown District a destination through a partnership of public and private interests (http://www.destinationmidtown.org/).

At a Mutual of Omaha monthly executive management meeting, held this month, new specs of the project, now deemed East Campus Development Project, have surfaced. Bigger and better than originally conceived, the project plans to become an attraction in midtown and all of Omaha.

Mutual of Omaha will contribute $25 million of the now $240 million project which encompasses 1 million square feet of condo and commercial space. The business professional oriented condos would appeal to a diverse group of people. Ruth’s Chris Steakhouse, Maggie Moo's, Starbucks, and even a 7 screen movie theatre thus far have announced their intentions to the project with many more to be announced later will rival downtowns own Old Market district.

Site preparation will begin later this month and construction is set to start in the spring of 2007. The East Campus Development Project will take 2 years to complete and is expecting a spring/summer of 2009 opening.
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Old September 23rd, 2006, 01:14 AM   #42
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Residence Inn plans to build a 120 room, 6-story hotel at the northwest corner of 12th and Jackson in Omaha's Old Market district. The project includes underground parking and street level retail.



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Old October 20th, 2006, 09:47 PM   #43
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Midtown Crossing at Turner Park is a $250 million mixed-use development to be located on 15 acres at the east end of the Mutual of Omaha campus adjacent to Turner Park, bordered by 31st and 33rd streets, Dodge to Harney. Backed by Mutual of Omaha and ECI Investment Advisors, Midtown Crossing will be comprised of seven buildings with 200,000 square feet of leasable space for restaurants, retailers and entertainment venues as well as 600 condominiums and apartment units and additional parking for up to 2,220 vehicles. Plans also call for a multi-screen theatre and urban grocery market. Turner Park itself will be expanded west into the development area. Site preparation is to begin in fall of 2006 with construction to start the following spring and completion by the summer of 2009.

Website: http://www.midtowncrossing.com





Site plan (new buildings labeled 1 through 7)


North facing elevation


Quote:
Originally Posted by Omaha World Herald
Mutual of Omaha's midtown campus already draws nearly 4,500 Omaha workers. A $250 million development could bring even more people to midtown seeking a place to live, shop and dine.

Mutual executives today unveiled details of plans for a 15-acre development east of its headquarters building at 33rd and Dodge Streets. Demolition work for the project will begin immediately, with completion set for the summer of 2009.

By that time, the newly minted Midtown Crossing at Turner Park will have 600 condominiums and apartment units and more than 200,000 square feet of retail space, including possibly a multiscreen theater, grocery store and health club.

Mutual Chairman and Chief Executive Dan Neary said the company's primary business is insurance. The real estate venture, he said, is about making midtown and its campus attractive to Omahans.

"We have been part of this neighborhood for 60 years, and we intend on staying," he said.

Seven buildings - from four stories to nine stories tall - would form the new complex, which is in an area bounded by 31st, 33rd, Dodge and Farnam Streets.

The focal point will be three buildings that form a crescent shape and overlook Turner Park. Those buildings will house condominiums on their upper floors and a mix of restaurants on the first floors. The restaurants could offer outdoor dining in good weather.

Behind the condo buildings will be two apartment buildings, one facing Dodge and the other facing Farnam.

Turner Park currently is a patch of green along Dodge that people drive past but seldom use. By enlarging it, adding parking and surrounding it with residences, Mutual and city officials believe it will be transformed into one of the city's most active spaces.

The project has expanded since the idea was introduced in May 2005. It now extends south of Farnam with the addition of two buildings and a parking garage.

Former Omaha Planning Director Bob Peters said the project rivals the ConAgra Foods campus, the Union Pacific headquarters and the First National Tower in cost and significance.

"ConAgra's campus is the last project of this scale and importance to the city," Peters said.

This project is the culmination of efforts that have transformed how Omahans view the community, Peters said. "The people of Omaha have finally fallen in love with their city," Peters said.

Both Gov. Dave Heineman and Mayor Mike Fahey praised Mutual of Omaha for its commitment to the city and the state.

"This is an exciting and historic day for Mutual of Omaha and the whole midtown area," Neary said.

Neary said Mutual had a vision "to do something really productive with this space," which now has mainly vacant office buildings and parking lots.

Neary said the location is ideal because it draws students, employees and visitors to its campus, the nearby Creighton University, the University of Nebraska Medical Center, Peter Kiewit Sons' Inc. and Berkshire Hathaway.

A feasibility study done for the project by Chicago-based ECI Investment Advisors found that the area was prime for redevelopment.

The company is "not in the business of doing things that don't make economic sense," Neary said.

The construction phase of the project would infuse $420 million into the Omaha economy and create 1,000 jobs in the area, according to an economic impact study.

The development will be owned by Mutual.

Despite a condo boom downtown and in the Dundee area, Keith Bawolek, an executive vice president with ECI, said Midtown Crossing won't overload the city with new apartments and condos. The condos will cost from $200,000 to $400,000.

At Mutual's urging, the city appears ready to turn one-way Farnam Street into a two-way, slower-speed road more conducive to pedestrians.

A final decision could be made in the next several months, said Bob Stubbe, public works director. Converting to two-way traffic would make it easier to reach midtown businesses, he said.

Negotiations are in the final stages for expanding and redesigning Turner Park, said Steve Scarpello, city parks director. Mutual will give the city 1.5 acres to expand the park.

The city also cleared the way for the project to qualify for millions of dollars in tax-increment financing. That is a way to subsidize a project by letting the new property tax revenue it generates pay for part of the development.

The idea for the project grew out of a series of meetings with residents and businesses in the midtown area. In 2004, Destination Midtown, an area revitalization group, developed a master plan for the area.

"Few companies are willing to go out on a limb for neighborhoods," said Tawanna Black, executive director of Destination Midtown. "This effort is unparalleled throughout the city."

Mutual last launched a major real estate project in the 1970s when it financed the development of Regency's commercial and apartment areas.
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Old October 27th, 2006, 08:22 PM   #44
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Latest Aksarben Village renderings below... clickable thumbnails...

Aksarben Village is a mixed-used development proposed on 70 acres of the former Aksarben horse race track property. Driven by Aksarben Future Trust and other participants and developed by the Noddle Companies, Aksarben Village will include offices, shops, restaurants, apartments, townhomes, a hotel and theatre. Additionally, a 4 1/2 acre park, to be named Aksarben Square, will provide a public space with a signature tower the focus of the main entrance at 67th and Center. Occupancy is planned to begin by spring 2008.

-750,000 sq feet of office and research space
-250,000 sq feet of retail and entertainment
-135 room Courtyard by Marriott hotel
-500 housing units including both multi-family and condominium units




Office/retail








Entertainment




Hotel


Residential



Last edited by eomaha.com; October 27th, 2006 at 08:31 PM.
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Old October 29th, 2006, 05:02 AM   #45
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Omaha's light rail moving closer to reality



Quote:
Originally Posted by Omaha World Herald
A streetcar system linking the Creighton University campus and downtown is gaining support from the Fahey administration and enjoys serious backing from several of Omaha's corporate leaders.

The $55 million plan calls for a 3.5-mile loop connecting Creighton, the Qwest Center Omaha, downtown and the Old Market area. It would be financed in a way that avoids direct spending out of the city treasury.

A decision on whether to move forward with the plan could come from Omaha Mayor Mike Fahey before the end of the year. If the City Council approves, it could be all aboard by 2010.

Speculation about a streetcar system, trolleys or light rail has surfaced, then faded, several times over the last 15 years. The latest plan making the rounds at City Hall is based on hard numbers rather than dreams and wishes.

"I like the idea," Fahey said in an interview. "I really do. . . . This is very exciting."

The positive buzz from the mayor came after his office reviewed a privately funded study of the streetcar line.

Fahey said he should make a decision on whether to proceed with the project by the end of the year. City officials began Friday checking the finances and legality of the plan.

The streetcar study was conducted over the last two years by HDR, the Omaha-based architectural, engineering and planning firm, and funded by Heritage Services, a nonprofit fundraising organization.

The mayor and corporate leaders view the streetcar system as an economic development tool, not purely as a people mover.

"It does change the city," Fahey said.

The loop would begin at 20th Street by Creighton's new dorms and run east along Webster Street to the Qwest Center Omaha, where it would swing south along 10th Street to the Old Market. At Jackson Street, the streetcar would head west to 16th Street before returning to the Old Market area along Farnam Street.

City officials caution that the precise route could change since no track has been laid.

Two future routes also are suggested in the study. One would extend west to the University of Nebraska Medical Center, and the other would run south to the Henry Doorly Zoo and Rosenblatt Stadium. The report concludes that, of the two, a midtown route to the medical center would make more sense because it would get more use than a tourist-oriented path to the zoo.

The final financial analysis from HDR concluded that a streetcar line is feasible and that it "would act as the catalyst for stimulating downtown Omaha's enormous potential."

A novel financing plan is based on an anticipated "streetcar effect," with development stimulated in a three-block zone on either side of the track.

The city would create a tax-increment financing district in the development zone surrounding the track. The idea is that, as the area developed, the new property taxes generated would be used to pay off the construction bonds for the streetcars.

As with any plan that relies on bonds, taxpayers could end up on the hook if the revenues faltered.

No federal, state or general city tax funds would be tapped for the initial Creighton-to-downtown loop.

Heritage Services' role was to underwrite an independent study of the feasibility of a streetcar system, its route and financing alternatives, said Sue Morris, president of Heritage Services.

"We are now in an advocacy position," Morris said.

The study found that the numbers make sense and that the project would generate economic development, Morris said. "It makes Omaha a better place to live," she said.

Heritage Services, with influential Omaha executives on its board, has a track record of undertaking major projects and getting them done.

Its study investigated a number of ways to finance the streetcar line. Asking Omaha taxpayers to fund the line was seen as impractical given the city's current debt to finance the convention center and arena and the Hilton Omaha. Obtaining federal funds for the first phase of the project also was unlikely and could take years, the report concluded.

Omaha would be more likely to receive federal funding for a later route to the medical center, said Doug Bisson, who prepared the report for HDR.

The idea of creating a TIF district is new to Omaha but has been used elsewhere, Bisson said.

Tax-increment financing, or TIF, has been used extensively by Omaha to help pay for roads and utilities for projects or to directly finance individual projects. Those projects include the downtown First National Tower, the planned Aksarben Village and Midtown Crossing developments and Sorensen Park Plaza, the shopping center at 72nd Street and Sorensen Parkway.

The proposed TIF district for the streetcar project will receive close scrutiny in the coming weeks, said City Planning Director Steve Jensen. The city also will check with other cities, including Little Rock, Ark., Memphis, Tenn., and Portland, Ore., to see whether their streetcar projects ignited a development boom, Jensen said.

The cost estimates included in the study are lower than what another city is spending on its streetcar system. Albuquerque, N.M., assumes it will have to spend $29 million a mile to build the line. At that rate, the Creighton-to-downtown loop would cost $101.5 million - or nearly double the HDR estimate.

Bisson remained confident that the $55 million estimate is firm. He said HDR was conservative in its assumptions about costs, revenues and ridership.

In the first year of operation, the study estimates there would be 6,800 daily passengers, if the rides are free, and 3,300 daily passengers with a $2 fee. Fahey says he prefers a free service.

Operating costs are estimated at $2 million a year. The study does not address who would pay the operating costs.

Fahey and Morris believe that the streetcar plan would enliven downtown, boost north downtown development and polish the city's image. The proposal is to use sleek, modern streetcars - rather than vintage trolleys - to portray Omaha as "a progressive city moving forward," Morris said.

City officials said they still have work to do before seeking public support and approval from the City Council.

A streetcar is not just a nice bauble, a piece of unnecessary jewelry, the study suggests.

"To make the transition from a somewhat moribund downtown to a lively one, or from low-density, auto-oriented development to true city-building, rail transit is not a frill," according to the study. "It has proven to be a necessity - a powerful force for making it happen."
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Old October 31st, 2006, 06:14 PM   #46
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I LOVE that pedestrian bridge!
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Old November 1st, 2006, 03:43 AM   #47
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Then you'll like these video clips too...

http://www.eomaha.com/gallery/develop/4/mov1.html

http://www.eomaha.com/gallery/develop/4/mov2.html
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Old November 19th, 2006, 10:44 AM   #48
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Still underconstruction, but still feverishly working on it.

http://www.omahaevolution.com/Construction/
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Old November 21st, 2006, 08:51 AM   #49
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Quote:
Originally Posted by eomaha.com View Post
The Missouri River spanning pedestrian bridge is really picking up steam now... the mayor has selected the following design proposal (an architecture/contracting team from KC) and construction is projected to start late this year. You can find some nifty video animations at the following address: http://www.wowt.com/home/headlines/2786071.html













World Herald story:



Cost: $22 million

Winning design team: Designer, HNTB Corp. of Kansas City, Mo.; builder, APAC-Kansas City, Kansas City, Kan.

Design: The curved bridge will span 3,000 feet across the Missouri River. The bridge will have two 200-foot spires and will be lighted at night.

Uses: City officials hope that bicyclists and pedestrians will use the bridge to access 150 miles of trails on the Iowa and Nebraska sides of the river. They also hope it will be a destination along the riverfront.
That is one sweet-looking bridge. Kudos!
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Old December 11th, 2006, 11:40 PM   #50
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Nice bridge
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Old December 12th, 2006, 02:07 AM   #51
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Lol. I was wondering if someone would ever bring this thread back up to the top.
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Old December 31st, 2006, 11:31 PM   #52
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From the the Executive Summary of the specific detail specs of the Mutual of Omaha Midtown Crossing project..(As also just told by our friend Jeff Beals on his Grow Omaha radio show this morning)..Some HUGE news!..

Here goes:

-598 Residential units:

*312 condominiums (primarily targeted to sell in the low to mid $200,000 to low $300,000 range. A limited number of units in the $325,000-$375,000 range..

*261 apartment units (rental rates projected to average $1000-$1200 per month..

*25 extended stay corporate apartments..

-209.090 square feet of targeted retail tenants:

Anchor tenants-

*15,000-20,000 sf food market/urban grocery store (either Trader Joe's or Hy-Vee)..

*Urban movie theatre concept 30,400 sf (several companies bidding)..

Restaurants/Entertainment 45,000-50,000 sf-

*Steakhouse (Ruth's Chris, Stoney River, Texas de Brazil)..

*Seafood (McCormick & Schmick, Cameron Mitchell, Landry's)..

*Italian Restaurant/Bistro..

*Additional local owner concepts..

*Ethnic Restaurants (Chinese, Thai, Greek, Mexican, and other locally owned concepts)..

In-Line Service Retail 95,000-100,00 sf-

*Casual Dining (Old Chicago Bar, Panera, Subway, Pizza parlor, Starbucks or Scooters)..

*Apparel (Jos A Banks, Ann Taylor Loft, men's/women's shoes)

*Beauty/Personal Care (Bath & Body Works, Crabtree & Evelyn, hair salon, day spa)..

*Jewelry & Accessories (Kay Jewelers, Zales, local owners)..

*Specialty Tenants (FedEx/Kinkos, Hallmark Cards, UPS Store, Bookstore, office supplies)..

-2,262 new parking spaces:

*362 underground spaces with secure direct access to residential units..

*708 space new garage (with minimal height above street level..

*950 spaces in expanded ramp A..

*242 Surface spaces..

Whew!! There you have it folks..This is obviously HUGE!!!..

Suffice to say, if Omaha scores most of these specific, new to market retail/restaurants, it would be a major coup..All together now..GET TRADER JOE'S!!!!!!!..





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Old January 7th, 2007, 02:02 AM   #53
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Here are some demolition pics.































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Old January 17th, 2007, 02:26 AM   #54
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The Omaha metro extends into Iowa correct?
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Old January 17th, 2007, 05:03 AM   #55
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Yes. 3 Iowa counties are in the Omaha metro.
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Old January 19th, 2007, 08:21 AM   #56
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So Omaha is technically Iowa's biggest "city". Interesting.
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Old February 14th, 2007, 01:15 AM   #57
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Just announced: 80Dodge http://www.80dodge.com

$100M mixed use project, first phase includes 72,000 sq ft of office space, 19,500 sq ft of retail, and 72 condominiums. The biggest surprise, this project is located at 80th and West Dodge (hence the name).





Quote:
An Omaha development team plans a 12-story development of condominiums, offices and stores at 80th Street and West Dodge Road.

The nearly $100 million 80Dodge project will replace a vacant building and parking lot that were used for 35 years as a General Motors Training Center, then a Christian school and, most recently, a Vatterott College site.

In their place would rise a contemporary glass and concrete building that, in the first phase, would feature 19,500 square feet of ground-floor retail, 72,000 square feet of office space on two floors and as many as 72 condos selling for from just under $200,000 to more than $1 million.

If the condos sell as well as the developers expect, a parking garage, 12 rowhouses and two more condo towers are planned.

The 10,000 square feet of penthouse space would sell as one to three units for about $350 a square foot, said Michael Kucera, one of the three members of the project's BKS Development team. The others are Charles "Ken" Bunger, a former deputy city attorney, and Jerry Slusky, a developer and attorney.

The project is to be complemented by a planned renovation of the Beverly Hills Plaza shopping center that stands between much of the project site and West Dodge Road.

"There will be a seamless integration between the two properties," said Thomas Adams of First Management Inc., manager of the shopping center. "You won't know the difference between the two."

"This was an older center in need of something new and exciting, and this is it," Adams said. "This will take the center well into the future."

The developers believe the project would jump-start redevelopment of a much wider area. The project is what that stretch of Dodge needs to take it through the 21st century, Bunger said.

"80Dodge will help revitalize the heart of Omaha," Kucera said.

Bunger said the developers have met over several months with city planners and believe the project is consistent with the city's goals, as well as those of Omaha By Design, the private effort to upgrade the quality of development in Omaha.

City Planning Director Steve Jensen said the proposal is a great example of some of the urban design goals that city leaders have been talking about for a few years.

"It's an indication that area of the city is healthy, vital and growing, and that's a positive thing," Jensen said. "It would have been great if it was just an office building or just residences. I think they've really put a nice plan together, and the combination of uses makes it a much more interesting project."

Connie Spellman, director of Omaha By Design, said even though the project is farther west than the high-rise residences that were part of a plan showing the potential for revitalizing the city's main street, 80Dodge "certainly follows the spirit" of that plan.

"What's really nice is the connectivity they're trying to bring to the residents, the shopping center and the neighborhood," Spellman said.

She said she also liked that the Alley Poyner Architecture design complements Children's Hospital, both in its use of glass and its orientation.

Project architect Nathan Gieselman said condo floor plans were designed "to maximize views from every angle." Each unit has a balcony, and those on the fourth-floor level have large terraces. That level shares a year-round pool that in summer would open to an outdoor deck.

Other planned amenities include heated underground parking, a fitness center, clubhouse and concierge services, said Chris Redfield, director of condo sales for NP Dodge Real Estate, which will be marketing the condos. He said the garage would include storage for bicycles because of the project's proximity to the trail system.

Several grocery stores, restaurants and other services are within walking distance of the project.

"What's missing downtown in terms of services and retail is all right outside the door here," Redfield said.

He said he is not worried about competition from condo projects already announced for downtown and farther west along West Dodge Road, because he believes many people committed to that part of the city are ready for a lifestyle change.

"80Dodge is perfect for people who want a lively and maintenance-free lifestyle that doesn't include mowing a lawn," he said.

Bunger said the area is crowded with major employers, including two hospitals, and is close to the University of Nebraska at Omaha and the Peter Kiewit Institute.

The developers, who submitted their rezoning application to the city Monday, plan to formally announce the project today at the Greater Omaha Chamber of Commerce's downtown office.

Bunger, who pointed out that the project is not eligible for tax-increment financing and is being financed by private investment, said 80Dodge would generate nearly $2.8 million a year in property and sales taxes.

Redfield said reservations are being accepted immediately on condos. First Management and Kucera's Cornerstone Commercial Real Estate are talking to potential office and retail tenants.

Once approved by the city, construction will begin once half the condos are reserved, Bunger said. The goal, he said, is to hold a groundbreaking this fall and complete the first phase in 18 months.
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Old August 5th, 2007, 10:13 PM   #58
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This yellowish-orange building should be demolished?
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Old September 7th, 2007, 02:34 AM   #59
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Here is a 12 story condo project that I'm managing. It will be a catalyst in Omaha and truley lives up to Omaha by Design's high design demands for development. Go to www.80dodge.com to learn more. Until then, check out this little piece I put together.

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Old October 10th, 2007, 08:33 AM   #60
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What is the status of the Wallstreet condo tower ?
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