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  1. #301

    Default Re: Omaha Development Update

    Following OKC's and Tulsa's major urban parks investments, Omaha is getting in the game.

    $290 million parks rehab/re-imagining. Designed by OJB of Myriad Gardens fame. $50 million will be paid by bonds issued by the city with the remainder from local philanthropic sources.

    The Omaha side flythrough:
    https://vimeo.com/ojblandscapearchitecture/omaha






    A big issue with connecting the park space to the Missouri River is a railroad that runs right along the bank. This will build over the tracks to get full use of the asset.


    This part of the park has huge obstacles. It used to be a lead plant and had a ton of contamination. That was buried and capped which prevents building anything substantial which leads to more surface parking and no large buildings. Still this is going to bring active uses to an area that is mostly unused passive space now.



    The Iowa side of the river is also included in the development. Their side really impressed me and I think will compliment Omaha's urban parks design with a more nature focused and active tone. Lots of interesting renderings in this PDF.
    http://riverfrontrevitalization.com/...on-reduced.pdf

  2. #302

    Default Re: Omaha Development Update

    Happy 2019 all my OKC friends, congratulations on the streetcar opening and I am looking forward to seeing all that it brings with it! I am really itching to make a quick weekend drive down and do a swing through OKC and Tulsa as there are a few really cool inspiring developments I would love to see in person.

    Omaha keeps plugging along. These next 5 years may be the most transformative in 15 years for DTO. The infill is fine, but there are some major investments flowing into the core right now.

    The largest public project is the $290 million parks project is starting work this spring pasted above. Roughly 90 acres of park space designed by the same firm behind OKC's Myriad Gardens and Dallas' Klyde Warren Park. It will straddle both sides of the Missouri River and completely rebuild our central park and existing riverfront greenspace. Most exciting of the details is pulling the park over a cap above the active rail tracks that block the city from the river, our natural asset.

    In conjunction with the parks investments the Phase 1 of a 6 phase 500+ million project to densify the suburban ConAgra Campus has city approval and will begin construction this year.

    Phase 1 consists of demoing one of the office buildings that ConAgra vacated when they moved some operations to Chicago. In its place will be a 375 apartment units wrapped around a 720 stall garage with 42K SF in retail space. They will also build an amenity filled boulevard designed for events. The brown building in the middle is the first phase.


    Later phases include:

    1B Estimated Delivery 2022:
    220 Key Hotel
    284 Stall Garage
    25K SF of ground floor retail

    2A Estimated Deliver 2024:
    237 MF units
    550 Stall Garage
    20K SF ground floor retail/flex

    2B Estimated Delivery 2023:
    250K SF office space
    750 stall garage

    2C Estimated Delivery 2024:
    7500 SF of Event Space

    4A Estimated Delivery 2025
    200K SF of office
    750 stall garage

    4B Estimated Delivery 2026:
    250 unit high rise MF or condo
    375 stall garage

    Totals:
    862 Residential Units
    450K SF Office Space
    87K SF Retail Space
    220 Hotel Rooms
    7500 SF Event Space
    3429 Parking Stalls

    Current State:


    Master Plan:


    Elsewhere DT a $120 Million 10 story courthouse expansion is moving forward set to break ground this year likely. There was some push back initially b/c they wanted to take a 100 year old building through eminent domain, but they thankfully came to their senses and just pursued and secured a parking lot location across the street.


    North Downtown has two large new redevelopment actions happening.

    The first is dubbed "The Builder's District." It will be anchored by Fortune 500 company Kiewit. They will be moving from their current home in Midtown to this project that just broke ground.


    The second area is being called "Millwork Commons." Currently it is a spattering of chain hotels, abandoned brick warehouses, industrial users and a building used as a tech startup space. They plan to spend $300 million to rehab the old warehouses and to divert the industrial traffic to a new route.

    The first building is rehabbing The Ashton into tech friendly office space. The main anchor will be Flywheel, a local tech startup that has swelled from 3 employees at launch in 2012 to over 200 in Omaha today. Total buildout includes new built housing and converting a few other vacant brick buildings into office space. Marketing it as tech/startup space.





    The awesome local photographer Brad Williams was able to get in the air this past fall and captured some really great shots of the city and development progress.

    Aksarben Village with the 10 story HDR Headquarters nearly complete. Aksarben Village has become one of the preeminent office locations in the city with HDR Inc, DLR Group, Blue Cross Blue Shield, Pacific Life insurance, Green Plains Energy(A Fortune 1000 ethanol producer)




    The Nebraska Medical Center is a major anchor for the east end of the city and has pumped over half a billion into their campus in recent years.


    This site is controlled by the med center and is set to be a mixed use area to support the campus with housing, hotels, office and retail. No timeline yet though.


    And some infill projects in the Midtown/Nebraska Medical Center area.


    This area was really tough 5 years ago. 3 new builds and loads of rehabs now. The cluster of townhomes at the bottom is the first few of 99 planned on vacant lots as well.




    Then just for fun b/c I thought it was cool the UP 4141 was in town for a few days. It is the locomotive that carried HW Bush's body from the site of his funeral to his burial site in College Station. After the events it was displayed in Omaha for a few days and will end up being at his presidential library I believe.


  3. #303

    Default Re: Omaha Development Update

    New 30 story skyscraper planned for downtown Omaha. This would be a great addition to their skyline!

    https://www.omaha.com/money/business...a4cd2b64f.html

  4. #304

    Default Re: Omaha Development Update

    That's awesome! I'd love to see that or something with that kind of variation built in OKC.

  5. #305

    Default Re: Omaha Development Update

    Quote Originally Posted by G.Walker View Post
    New 30 story skyscraper planned for downtown Omaha. This would be a great addition to their skyline!

    https://www.omaha.com/money/business...a4cd2b64f.html
    Yeah, it is an exciting proposal. I am cautiously optimistic. That is a big building that is going to need a big user. The design they proposed actually has a phase feature. The core is set in the middle around two wings basically so they could build half the tower then add the second half later. That is shown in the marketing material linked below.

    https://images1.loopnet.com/d2/dLZuU...U/document.pdf




    Just down the street from that proposal 70K SF of office space just broke ground.


    It will be the last piece to the open container courtyard completed about a year ago. Going on the right side of the photo.


    Hopefully these new amenities can attract some fresh office users to the core as job growth has been a little stagnant lately. Lots of residential in DTO, but the office market hasn't been as exciting. Kiewit moving their HQ downtown adjacent is good news, but some big new users have announced major expansions in the suburbs the last few months so DT could really use a win jobs wise.

    Carson Financial announced plans to grow to 300 employees by 2020 and 2000 by 2030. New campus in the suburbs.


    Linkedin will expand their Omaha workforce from 450 to 1000 by 2021 in a new suburban building.


    Insurance company Applied Underwriters currently employs 800 in Omaha with a new suburban campus breaking ground soon that will be 450K square feet with room for 2000 employees.

    Meanwhile long time downtown anchors like Union Pacific and ConAgra have pulled roughly 1500 jobs out of the core in the past few years. Would love to see someone exciting expand in the core and take a big chunk of the highrise proposal.

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