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Old Posted Apr 24, 2014, 1:03 AM
UrbanNebraska UrbanNebraska is offline
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OMAHA | 1416 Dodge | FT | 25 FLOORS

Proposal from a local developer calls for a mixed-use highrise up to 25 floors being built on a current vacant lot in Downtown Omaha. This project replaces the dead Wallstreet Tower.

Very early in the process so the details aren't terribly hammered down yet:

10,000-40,000 SF retail
5-8 floors of parking(550-880 stalls)
10-15 floors of office space(220,000-330,000 SF)
3-5 floors of condos(24 to 40 units)

Renderings from TACKarchitects:

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Old Posted Apr 24, 2014, 1:12 AM
Dale Dale is offline
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Wow! More interesting than Wallstreet, IMO. You said local developer. Does he have the wherewithal to make it happen ? Is there sufficient demand ?
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Old Posted Apr 24, 2014, 1:26 AM
UrbanNebraska UrbanNebraska is offline
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Quote:
Originally Posted by Dale View Post
Wow! More interesting than Wallstreet, IMO. You said local developer. Does he have the wherewithal to make it happen ? Is there sufficient demand ?
Lanoha Development's previous work are all apartment complexes, single family neighborhoods and commercial space in the suburbs so they haven't done anything like this before. The Lanoha name carries a lot of weight in Omaha though as they own a massive landscaping business here.

As for demand as of the latest numbers I saw from a few weeks ago the CBD is at 8.6% vacancy for all office space while Class A office space in the entire city is at 3.6% vacancy. There isn't much space out there for companies wanting to expand which has driven a lot of build to suit office projects in Omaha the past couple years. We could use some spec space.

Also a lot of recent reports that the condo market is finally looking like it did pre-'08.
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Old Posted Apr 24, 2014, 1:28 AM
AviationGuy AviationGuy is offline
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Very nice!
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Old Posted Apr 24, 2014, 1:57 AM
Dale Dale is offline
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Quote:
Originally Posted by UrbanNebraska View Post
Lanoha Development's previous work are all apartment complexes, single family neighborhoods and commercial space in the suburbs so they haven't done anything like this before. The Lanoha name carries a lot of weight in Omaha though as they own a massive landscaping business here.

As for demand as of the latest numbers I saw from a few weeks ago the CBD is at 8.6% vacancy for all office space while Class A office space in the entire city is at 3.6% vacancy. There isn't much space out there for companies wanting to expand which has driven a lot of build to suit office projects in Omaha the past couple years. We could use some spec space.

Also a lot of recent reports that the condo market is finally looking like it did pre-'08.
Sounds like the table is set. And I'll bet the city is pushing for it. I'll be watching this one with great interest.
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Old Posted Apr 25, 2014, 3:50 AM
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Yackemflaber69 Yackemflaber69 is offline
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looks nice
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  #7  
Old Posted Apr 25, 2014, 3:52 AM
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Love it!
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Old Posted Apr 25, 2014, 5:18 AM
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Chadillaccc Chadillaccc is offline
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Looks great! Hope to see it come to fruition!
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