A high-rise multi-family project is moving forward in downtown Omaha.
In 2024, NuStyle Development, led by Todd Heistand, announced a project in collaboration with the Omaha Children’s Museum and the City of Omaha to develop an awkward, 6-acre site on the northeast corner of 8th & Douglas Street. An Interstate 480 on-ramp that cuts through the property complicates development of the site.
Despite the property’s extraordinary characteristics, NuStyle planned to build a high-rise apartment building,
The Omaha Children’s Museum had originally planned to build a new museum, and the city would build parking facilities to support the new development and existing nearby attractions such as the Riverfront Parks and CHI Health Center.
In November 2025, the museum announced that it paused fundraising for its $100 million building at 8th & Douglas Street. At that time, it was unclear whether NuStyle would still move forward with its apartment project even though, at that point in time, NuStyle had already invested more than $4 million in infrastructure work.
This week’s Omaha City Council agenda includes a resolution to approve NuStyle’s Tax Increment Financing application. It is being laid over to the February 24th meeting to advertise the agenda item for public hearing, but it appears the high-rise project is moving forward with the children’s museum component.
The Omaha Planning Board previously approved the TIF application in February 2025. The high-rise will total 17 stories; 12 stories of apartment and condominiums will be built atop a 5-story enclosed parking garage. The building will have 261 residential units. The city will build and manage the parking garage, while NuStyle will build and own the residential building.
The original plan also included a separate, 600-stall, open air parking garage that would be built and managed by the city, but it is unclear if structure that is moving forward.
The developer’s estimated construction cost for the residential building totals $87 million. In addition to the $13 million it seeks in TIF, the developer qualifies for $8.2 million in Property Assessed Clean Energy, commonly known as PACE, financing for utilizing energy efficient and water-saving building methods, materials and fixtures throughout the building.
Construction may start as soon as 2027 with an anticipated opening in spring 2028.
