Previous Market Reports:
Weekly Market Report – March 16, 2023
Weekly Market Report – March 9, 2023
Weekly Market Report – March 2, 2023
Weekly Market Report – February 23, 2023
Weekly Market Report – February 16, 2023
Weekly Market Report – February 9, 2023
Weekly Market Report – February 2, 2023
Weekly Market Report – January 26, 2023
Weekly Market Report – January 20, 2023
Weekly Market Report – August 12, 2021
Said the Egg to the Mustard: “I’ll Be Deviled If I Do…” – The Deviled Egg Company plans to open in September in a former GNC space next to Michael’s at Shadow Lake Town Center in Papillion. The Ralston-based company sells primarily online and through a food truck. In addition to traditional deviled eggs, other choices include sriracha, Mexican, BBQ, buffalo blue cheese and many others.
A Sweet Expansion – Sweet Magnolia’s Bake Shop will open a second location in the Ashton Building in the Millwork Commons district. The original shop has been operating for five years at 813 North 40th Street.
We Have the Meats – Construction has started on a new Arby’s location on the south side of West Center Road at 185th Street.
New Retailer in Regency Area – Eden’s Preserve has opened in a 960 sq. ft. space next to PLNK OMA at One Pacific Place. The company provides beauty, home, pet and wellness products that are 100 percent natural, eco-friendly, and come from family-owned small businesses.
Back to the Alamo – After being closed for an extended period because of the pandemic, Alamo Drafthouse will reopen its Southport/La Vista location September 3rd. The Midtown Crossing location will open a couple months later.
“Shop Differentli” – The 20,000 sq. ft. ALDI grocery store under construction northwest of 192nd & West Center Road is coming along nicely. The building is enclosed and signage is in place. Much works still remains to be done, however. This will be the ninth ALDI in the metro area.
Branch Bank in Little Bohemia – Dundee Bank will officially open its third branch at 1407 South 13th Street in the Little Bohemia district on Thursday, August 19th. The building features a hand-refurbished Little Bohemia-themed mural on the building’s north exterior wall. Existing locations are in Blackstone, and of course, Dundee.
The “Restaurant & Retail Updates” section is sponsored by TR Construction, and Omaha-based commercial and industrial company “building concrete excellence.”
The Big Story
Major Data Center Looking at NW Omaha
The City of Omaha Planning Board last week approved a “large-project special-use” permit, possibly paving the way for Omaha’s latest mega data center. The metro area is already home to billions of dollars’ worth of data centers for Facebook (Papillion) and Google (two in Council Bluffs and one in Papillion). Several smaller-but-substantial data centers operate in the area including Yahoo, Fidelity, The Travelers Companies and others.
The latest proposed data center is massive, and the company that would occupy it is being kept secret by local economic development officials. That is standard practice for large development projects involving major corporations.
The proposed center would sit on 261 acres of undeveloped land on the northwest corner of Blair High Road (Nebraska Highway 133) and State Street. Several buildings, totaling more than 1.43 million square feet, would be constructed on the site as well as several outdoor equipment yards.
Architectural renderings presented to the Planning Board show that the buildings would look like large, elongated, high-ceiling warehouses constructed of concrete tilt-up panels. Based on data centers of similar size, this project could be in the billion-dollar range.
Additional City of Omaha approvals will be necessary before the project can legally move forward.
This section is sponsored by SEi. For more than 50 years, Security Equipment Incorporated has been your Omaha owned, trusted security partner. SEI protects life and property by designing, installing, monitoring and servicing your security, fire, video surveillance and access control systems. Learn more HERE!
Grow Omaha Snippets
Grow Omaha Snippets Sponsored by:
Brad Williams has released the August 2021 edition of the Grow Omaha Construction Update video. This month, Brad covers the new Harney Bikeway, downtown development, the nearly complete 180th & Blondo Street intersection and tons of west Omaha retail/restaurant development. Watch the video HERE now. This is must-see video!
Construction is expected to begin soon on a 26,034 sq. ft. flight line support facility at Offutt Air Force Base. As part of the project, 12 buildings will be demolished.
The Sarpy County Economic Development Corporation has changed its name to Grow Sarpy. Hmmm…that name sounds kind of familiar. The organization is affiliated with the Greater Omaha Chamber and facilitates economic development in Sarpy County, the third-most-populous county in the state.
Equitable Bank’s new office at 202nd & Pacific Street is now operating on a daily basis. The branch is open Monday through Friday 8 a.m. to 5 p.m. as well as Saturdays 8 a.m. to 12 noon.
Construction is expected to begin August 24th on the Carter Lake Community Center at 1120 Willow Drive in Carter Lake, Iowa. Plans call for the renovation of the library and the addition of a 13,500 sq. ft. clubhouse.
Grow Omaha co-founder Trenton Magid represented Mitchell Properties, LLC, in the purchase of a 1.83-acre lot at 1402 South Washington in Papillion. The location can also be described as the southwest corner of 84th & Highway 370 next to McDonald’s and StorageMart.
Plans for call for a Tommy’s Express Carwash to be constructed on the site, which will be the first of multiple Tommy’s locations in Sarpy County. The sale closed this week. Development will start immediately. The land had been owned by CVS Pharmacy, which purchased it in 2013 but never built a store.
Construction should begin in late September on an auditorium addition at Bellevue West High School at 1501 Thurston Avenue.
This section is sponsored by Midtown Crossing, an energetic, eclectic destination in the heart of Omaha. Be sure and stay connected to all the new retailer announcements, food and drink specials and the lively line-up of events in Turner Park by clicking HERE!
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:
Real Estate News from CoStar – Commercial real estate professionals eagerly waiting for technology giants to return to the workplace will have to revise their calendars as the nation’s most high-profile companies grapple with the latest surge of coronavirus cases and push their return-to-the-office plans further into the future.
After leading the way, both with their initial response to send workers home when the pandemic bore down on the United States last year as well as planning this year to return to some semblance of normalcy, global heavyweights such as search engine provider Google and social media company Facebook are rolling back strategies to reopen offices as the more contagious delta variant gains a foothold.”
The Omaha Public Power District has purchased high-tech combustible turbine engines to power Standing Bear Lake Station and Turtle Creek Station. These new gas-powered plants will provide backup coverage for OPPD’s planned solar power installations.
Omaha-based HDR is expanding its technical excellence by acquiring Walnut Creek, Calif.-based WRECO, experts in civil engineering, environmental compliance, geotechnical engineering and water resources planning. Going forward, they will do business as HDR | WRECO.
Services include bridges and roadways, rail/transit, floodplain studies, stormwater management, coastal engineering, wetland restoration, storm damage repairs, pump stations, soil studies/foundation, biological studies and permitting, environmental site assessments and more. Founded in 1995, WRECO is known for providing innovative, sustainable solutions to communities throughout California.
Balloons for Days is an online business now operating in Omaha. The company creates and installs balloon displays for birthdays, weddings, graduations, religious celebrations and other events.
Werner Enterprises, an Omaha-based transportation and logistics provider, now has employed more than 2,000 truck drivers who have driven more than one-million accident-free miles. The company considers one-million, accident-free miles to be “an elite safety milestone.”
Berkshire Hathaway reported a 7 percent gain in profit for the second quarter as the Omaha-based conglomerate saw improvements in its railroad, utilities and energy holdings. Berkshire earned $28.1 billion in profit during the second quarter compared to $26.3 billion last year.
Honor Technology, Inc. of San Francisco has acquired Omaha-based Home Instead. The combined companies generate more than $2 billion in annual revenue. Home Instead will maintain its brand and operate under its name as a subsidiary of Honor. Home Instead CEO Jeff Humber will continue to lead the Omaha company.
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!”
People in the News
Sponsored by Baird Holm Attorneys at Law
First Westroads Bank has appointed Kenneth Wray as vice president of residential construction lending. Wray will assist builders with their construction needs. He has more than 20 years of banking experience.
Michelle Andahl will be the new president and CEO of the Greater Bellevue Area Chamber of Commerce starting in September. Andahl has been serving as Sarpy County Election Commissioner for the past four years.
Two Children’s Hospital & Medical Center Sports Medicine physicians have been appointed to high school sports advisory committees. Dr. Kody Moffatt was appointed to the National Federation of State High School Associations Sports Medicine Advisory Committee. Dr. Natalie Ronshaugen has been appointed to the Nebraska School Activities Association Sports Medicine Advisory Committee.
Lutz, an Omaha-based business solutions firm has announced several shareholder and director promotions: Chris Bouchard, Ben Burton, Joe Donovan, Jenna Grenier, Aaron Hoffman, John Kampfe and Julieanne Kipple have been promoted to shareholder positions. Adam Austin, Clarke Beller, Katie Byrd, Kirk Delperdang, Nick Hall, Sarah Hames, Josh Jenkins, Jake Klabenes, Matt Longenecker, Alex Lutz, Steven Nebbia, Jonathan Patent, Dan Sweeney, Ryan Wade and Chris Wagner have been promoted to director positions.
The “People in the News” section is sponsored by Baird Holm LLP. Baird Holm’s dedicated team of real estate lawyers has extensive experience in all aspects of real estate law, including purchases, sales, zoning and land use, leasing, and dispute resolution. Click HERE for more information.
All Grow Omaha Content Now on Video!
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.
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