Hubbell Realty Company of West Des Moines, Iowa, has announced The Rye at Harrison, a $20 million apartment and townhome development planned for the northwest corner of 213th & Harrison Street near the Coventry Wood subdivision.
The first phase, which will include 99 housing units, is slated to begin later this year and be completed in late 2026. This will include 1-, 2-, and 3-bedroom units.
In total, the project will have two or three phases, and a total of 286 units, both market-rate rental apartments and townhomes, and over 550 parking spaces. The entire project is slated to be complete by 2027.
“The Rye presents a unique opportunity to continue the expansion west along Harrison Street in a very desirable area. As we look ahead to the potential expansion at Nebraska Crossing, CONNECT Sarpy and a new children’s hospital and medical center, we believe rental housing of both types will be heavily desired for the workforce coming to this area,” said Matt Weller, vice president of development with Hubbell.
The Rye at Harrison will have townhomes surrounding the exterior and resident amenities on the interior such as a swimming pool, clubhouse, fitness center, dog park and package concierge.
According to a recent CoStar Insight report, Omaha is coming off a record year of housing supply, ranking in the Top 20 across numerous sectors of the U.S. multifamily markets, behind markets like Nashville, Tenn.; Austin, Tex; Minneapolis; and Jacksonville, Fla. At the end of the first quarter of 2025, Omaha kept similar pace with other major markets, posting a 3.6 percent annual rent growth and a 5.9 percent vacancy rate.
