April 22, 2021 Weekly Market Report

Apr 22, 2021 | 0 comments

Restaurant & Retail Updates

Javi’s Tacos has opened a second location in the former Newman’s Pasta Cafe location at 2559 South 171st Court in Lakeside Plaza. Owner Javier Trujillo Villa opened the first Javi’s Tacos last summer at 176th & Q Street.

Corner Kick Sports Bar Tacos & Tequila is opening a third location at 681 North 132nd Street at Linden Market in the former Agave Azteca restaurant space. Corner Kick’s original location is in old Millard but a newer location opened a few months ago in the former Growler USA space near 162nd & West Maple Road.

Two new restaurants are planned for a soon-to-be renovated building at 107th & Pacific Street in Regency Landing. The building that houses Twisted Cork Bistro will be adding a bar called Blue Sky Patio and Pickleball as well as the third metro area location of Early Bird.

Tide Dry Cleaners has opened at 1223 S 180th Street in Spring Ridge Plaza (southwest of 180th & Pacific Street)

A Fareway Meat & Grocery store is nearly ready to open on the northeast corner of 132nd & Fort Street. The Boone, Iowa-based grocery chain has four existing metro area locations.

Another grocery store – Fareway isn’t the only grocery store under construction. ALDI is working on a new store on the northwest corner of 192nd & West Center Road. It will be ALDI’s 9th Omaha area location.

Golden Arches – A McDonald’s restaurant is under construction on a 1.49-acre site at 1525 North 205th Street. That’s the southwest corner of 204th & Roberts Street.

The Big Story

Dallas-Based Company Expands in Omaha

Cheer Athletics, a Dallas-based chain of All-Star Cheerleading gymnasiums, is opening its 10th location in Omaha on May 1st. The Omaha location will operate in one of the buildings in the new R&R Commerce Park southwest of Highways 50 and 370 in Papillion.

All-Star Cheerleading has grown immensely since its inception 20 years ago and is now an Olympic sport. It is a combination of gymnastics, acrobatics and athletic dance.

Cheer Athletics is widely considered the top All-Star program in the world with 24 world titles and 70 national titles, more than any other company. Other locations are in Austin; Charlotte; Columbus, Ohio; Dallas; Denver; Frisco, Tex.; Pittsburgh; Plano, Tex.; Rochester, N.Y.; and St. Louis.

The Omaha franchise owners are Tiffani Wolf and Sarah Carpender.

The six states that are even less stressed than Nebraska are (in order) South Dakota, Utah, Minnesota, Iowa, North Dakota and Wisconsin. The top 10 MOST stressed out states are (in order) Nevada, Louisiana, New Mexico, West Virginia, Mississippi, Oklahoma, Tennessee, California, Kentucky, and Texas.

Meanwhile, Forbes has ranked Omaha as number two on its “Best Cities for Renters in 2021” list. Forbes scored the 100 largest cities using criteria such as apartment size, affordable rent, weather and amenities such as parks. Plano, Tex. came in first followed by Omaha; Raleigh; Lincoln, Neb.; and Gilbert Ariz.

Grow Omaha Snippets

Grow Omaha Snippets Sponsored by:

Concerns Allayed – Several people who work in the local real estate industry had expressed concerns about the planned Applied Underwriters headquarters campus on the south side of Heartwood Preserve (southwest of 144th & Pacific Street).

The $200 million project has been stalled out for the past eight months. Well, Applied Underwriters announced this week that work on the 260,000 sq. ft. building will resume in June with completion planned for 2023. The building is designed to house 1,000 office workers.

Tour of Local Construction Sites – Renowned photographer and Grow Omaha contributor Brad Williams has launched a monthly video series called the “Grow Omaha Construction Report.” The first video covers the Gene Leahy Mall, Mercantile Development, Millwork Commons, Juvenile Justice Center, multiple apartment buildings and many other projects. Watch the video tour HERE.

Dan Marak of MH Hospitality has announced that his company will open a 138-room, four-story hotel at 72nd & Hascall Street (just north of Interstate 80) in early June. The property is a dual-branded hotel with Home2Suites by Hilton on one side and Tru by Hilton on the other. Marak will be a guest on the May 1st Grow Omaha show.

The newish Midtown-area Chipotle along Saddlecreek Road north of Dodge Street is getting a neighbor just to the north. A Bank of the West branch office with a drive-through lane will be the first tenant in a building being completed at Saddlecreek and Wakely Street.

Do you love ’em or hate ’em? – City of Omaha has released a report on its second electronic scooter pilot program which took place in 2020. Because of the pandemic, scooter use dropped dramatically — 208,847 scooter rides in 2019 compared to only 36,283 rides in 2020. The average trip distance increased from 1.14 miles in 2019 to 1.46 miles in 2020. The average trip duration increased from 15 minutes and 43 seconds the first year to 18 minutes and 26 seconds last year. Two companies, SPIN and Lime, have both sent proposals to the City to keep operating scooters in Omaha for four more years.

Tearing Down the House – Crews have razed a house on the northeast corner of 40th & Farnam in the Blackstone District in order to make room for another location of Bärchen Restaurant & Beer Garden. When completed, the building will have a 3,000 sq. ft. restaurant with a rooftop deck for outdoor dining.

Grading is under way on a 3.63-acre site at 1625 North 205th Street for a CHI Health clinic.

Boys Town will soon tear down its 73-year-old high school building and replace it with a $30 million education center that will house all 350 Boystown students under one roof. The 3-story, 110,000 sq. ft. building is should be completed in 2023.

Local News Source – The Grow Omaha Weekly Market Report is intended to bring you valuable news each week. If you ever want to view past issues of this newsletter, go to GrowOmaha.com and click on Market Report on the navigation bar

This section is sponsored by NAI NP Dodge, Omaha’s premier commercial real estate brokerage.

Eagle Mortgage Home Loan Services

Eagle Mortgage is a locally owned, full-service mortgage company helping you with Conventional, VA, FHA and USDA loans in both Nebraska & Iowa, including the Omaha-Council Bluffs area. 

 Whether you are buying a home or looking to refinance an existing loan, Eagle Mortgage can help you realize your dream of homeownership or help you save money by obtaining a lower monthly payment. Eagle has plenty of experience with first-time home buyers too. 

 Learn more HERE!

Local Business News

Local Business News Sponsored by FranNet of The Heartland:

American Airlines has announced it will begin daily nonstop flights between Omaha’s Eppley Airport (OMA) and New York City’s LaGuardia Airport (LGA) beginning November 2nd. American will use Embraer E-175 aircraft with seating for 76 passengers.

American already provides nonstop service from Omaha to Charlotte, Chicago-ORD, Dallas-Fort Worth, Los Angeles-LAX, Miami, Philadelphia and Phoenix.

Restaurant owners and managers are struggling with a staffing crisis in Omaha and in most parts of the United States. Several local restaurants have cut hours or have been forced to close one or more days a week. Stokes Grill and Bar is offering a $1,000 signing bonus for full-time employees.

Restaurant owners blame the shortage on coronavirus fears among prospective employees, unprecedented large unemployment benefits provided by the federal government and competition from the grocery, warehousing and supply chain industries.

Big Deals in 2020 – REJournals magazine has reported the four largest commercial real estate investment sales of 2020 in the Omaha metro area: 1. Steeplechase apartments ($39 million); 2. Valley View Estates ($30.1 million); 3. Bristol Square Apartments ($19.75 million); 4. Home2Suites by Hilton Hotel ($18.75 million).

Google has released it’s 2020 Nebraska Economic Impact report. The Mountain View, California-based company is building a massive data center northeast of Highway 50 and Schram Road. Google generated $3.36 billion worth of economic activity in Nebraska last year and increased the total investment into its Papillion data center to more than $1 billion.

The Greater Omaha Economic Development Partnership has announced its results from the first quarter of 2021. Total capital investment from landed projects was $953 million, which supports 9,000 construction jobs. When fully operational, these projects will add more than $86 million to the local economy including a payroll of $9.6 million per year.

This section is sponsored by FranNet of The Heartland, the local, trusted franchise experts. They are “in the business of helping you get into business!”

This section is sponsored by FranNet of The Heartland, the local, trusted franchise experts. They are “in the business of helping you get into business!”

Listen to the Grow Omaha Show on KFAB

The Grow Omaha radio show broadcasts live every Saturday morning at 9:00, but now you can watch videos of each episode instead of just listening.

Grow Omaha’s brand-new website features video footage shot inside the radio studio during each week’s show!

Videos include News of the Week, Lightning Round, guest interviews, and “Grow Omaha Uncut,” a behind-the-scenes look at what happens during commercial breaks.

Share the Market Report!

Don’t keep this market report to yourself. Forward it to your friends, clients and co-workers. You want to know the real reason we produce this report? It’s to remind Omahans about the vibrant, prosperous and growing city they call home. The more Omaha residents believe in their city, the more successful we’ll all be. Spread the news!

Know of someone else who wants to receive this newsletter? Have them send their name and email address to news@growomaha.com!

Subscribe Today!