Weekly Market Report – January 6, 2022

Jan 6, 2022

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Home Team Cookout sports bar/restaurant plans to open late this month in a former Ruby Tuesday’s building at 3150 24th Avenue in Council Bluffs. The restaurant will renovate the existing salad bar. Several signature cocktails are also planned for the menu.

Primo’s Mexican Restaurant, which recently opened a second location near 60th & Center Street, has opened its “Deli Grab-N-Go” counter in the new location. Prepared offerings include cold tamales, green and red salsa, salads and desserts.

Interior build out is under way on a new Skechers shoe store in the former Pier One space at 7405 Dodge Street. Targeted opening date is March 10th. Skechers has existing locations near 132nd & West Center Road and at Nebraska Crossing.

The developer of Regency Landing near Interstate 680 and Pacific Street has purchased the Ethan Allen building at 10720 Pacific Street. The furniture retailer will continue to operate at the location. The 26,900 sq. ft. building on 1.24 acres is located at the entrance of the Regency Landing, an 11-acre, mixed-use project currently under development. Grow Omaha’s Trenton Magid, executive vice president at NAI NP Dodge, represented the seller in this transaction.

The Sam’s Club store at 9851 South 71st Plaza in Papillion is planning a renovation project starting March 13th and ending around May 20th.

Nebraska Furniture Mart plans to open a 500,000 sq. ft. mega store with an accompanying 700,000 sq. ft. warehouse in suburban Austin, Tex. The new $400 million store will be part of a major real estate development that will include a hotel, convention center and 250,000 sq. ft. of additional retail space. The Omaha-based retailer is part of Berkshire Hathaway and has existing stores in Omaha, Dallas, Kansas City, and Des Moines, Iowa.

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The “Restaurant & Retail Updates” section is sponsored by Backlot Pizza + Kitchen located near 204th & Q, where you can enjoy Detroit-style pizza, classic favorites and craft cocktails!”

The Big Story

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Omaha Recognized as a Desirable Place for Active Lifestyles

Omaha received a favorable ranking in WalletHub’s list of “2022’s Best & Worst Cities for an Active Lifestyle,” coming in at #26 among the nation’s 100 largest cities.

The report, which was released January 5th, compared cities based on 34 key indicators of an active lifestyle. Data points included average monthly fitness club fees, bike score, share of physically inactive adults, and many other metrics.

The only cities in our region to rank higher than Omaha were Denver (#9), Madison, Wisc. (#12) and Minneapolis (#13). Looking at other nearby cities, Lincoln was #47. Kansas City was #73. Des Moines, Iowa didn’t make the list because it is not big enough.

The top five cities where (in order): San Francisco; Chicago, New York, San Diego and Honolulu.

How about the least active cities in America? The bottom five cities were (starting at last place and going backwards): North Las Vegas, Nev.; Winston-Salem, N.C.; Wichita, Kan.; Fort Wayne, Ind.; and Irving, Tex.

Interestingly, Omaha was tied for number 1 on the list for most tennis courts per capita.

“…Two of Americans’ top four New Year’s resolutions are “exercising more” and “losing weight,” the WalletHub article stated. “At the same time, as many as 80 percent to 91 percent of people fail to keep their resolutions each

Photo above courtesy of Brad Williams Photography.

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:

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Construction bids are due January 21st for the 6-story Hampton Inn planned on the southwest corner of 44th & Douglas Street. The 96-room, 115,758 sq. ft. hotel will be adjacent to the recently opened Home 2 Suites by Hilton hotel and will serve the rapidly growing University of Nebraska Medical Center area.

Metropolitan Entertainment & Convention Authority (MECA) plans to begin construction soon on the Farnam Pier, a 235-foot structure that will extend from the east side of Heartland of America Park, over Union Pacific Railroad tracks, and then over the west bank of the Missouri River. Workers will drive pilings for the structure now while the river is at its typically low winter depth. Once the pilings are in place, installing the rest of the pier structure will require the largest crane ever to be used in downtown Omaha. MECA is in charge of building and managing the three Riverfront parks, which are currently undergoing a $300 million renovation project.

Speaking of Heartland of America Park, construction is coming along on the Skate Ribbon, a 300-foot curving skate path that will be used for ice skating during the cold months and roller skating the rest of the year. Thanks to new technology, the Skate Ribbon will be frozen in late fall and early spring even though high temperatures are normally above freezing during those times of year.

Southpaw Veterinary Clinic is planning to open in the first quarter of this year at 192nd & Q Street under the leadership of Dr. Kati Lackovic and Dr. Trent Shrader. The clinic will specialize in preventive care and medicine for small animals, avians, exotics and non-traditional pets.

The Sarpy County Chamber of Commerce will hold ribbon cuttings on January 10th at Hair Haven for its newly renovated salon at 1211 Golden Gate Drive and January 11th for Rejuvenating Women’s new office space at 5150 North 90th Street in Omaha.

Grow Omaha Snippets are brought to you by Omaha Car Care with four metro area locations – 131st & Dodge, 58th & Center, 85th & L and 144th & Harrison.

Omaha Car Care “We’ll be along for the ride.”

Eagle Mortgage Home Loan Services

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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!

Business News

Local Business News Sponsored by FranNet of The Heartland:

Real Estate News from CoStar – After a blistering year, the housing market shows no sign of retreat entering 2022.

Demand continues apace, especially in cities in the Mountain West and Southeast where population growth has been particularly strong, while the number of homes available for purchase has not kept up. Consequently, price growth has been meteoric during the pandemic, and while that may slow, it’s not happening yet.

The median price for existing homes grew by 13.9 percent year-over-year in November, according to the National Association of Realtors. The Case-Shiller home price index grew by 19.1 percent from October 2020 to October 2021.

So, what about the Omaha housing market? According to a November 30th market report from NP Dodge, the median sale price for new homes in the Omaha area increased 8.7 percent to $401,185 over the past year. Existing homes increased 8 percent to $243,000.

Comfort Keepers, a locally owned homecare agency, has acquired a 10,883 sq. ft. office property at 4060 Vinton Street. The company is remodeling the building for its headquarters relocation with training space to be shared with Quality Career Pathways.

Since declining to a record low in April of last year, the Creighton University Mid-America Business Conditions Index, a leading economic indicator for the nine-state region stretching from Minnesota to Arkansas, has remained above growth neutral for 19 of 20 months. The Business Conditions Index, which ranges between 0 and 100, expanded to a strong 64.6 from November’s healthy 60.2.

Despite being a first-time participant in the Rose Parade in Pasadena, Calif. on January 1st, Mutual of Omaha was awarded the parade’s Director Award, which recognizes the most outstanding artistic design and use of floral and non-floral materials. The 55-foot Mutual of Omaha’s Wild Kingdom/RFD-TV float featured the king of the jungle leaping over a safari jeep driven by current Wild Kingdom host Peter Gros.

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

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Craig Wolf has joined RTG Medical of Fremont as the company’s healthcare staffing strategist. Wolf has 27 years’ experience in the field, having served as vice president and general manager of Aureus Medical Group and president of FocusOne Solutions in Omaha.

Baird Holm LLP has announced that Hannah Fischer Frey, Mark J. Goldsmith, and Michael D. Sands have been elected as partners within the firm. Frey’s practice focuses on corporate transactions, federal and state tax planning issues, and tax-exempt matters. Goldsmith represents employers in all aspects of employment litigation, with a focus on defending claims of discrimination, retaliation, and wrongful termination. Sands focuses his practice on real estate, construction, tax-increment financing, occupation taxes, municipal bonds, and renewable energy matters.

Green Plains Inc. announced the appointment of three executives to its leadership team. Chris Osowski joins as executive vice president, operations and technology, Jim Stark joins as executive vice president and Anand Sundaresan joins as senior vice president.

Lupe Esquivel has been appointed head of property and casualty underwriting at Mutual of Omaha. She oversees the underwriting business and ensures proper pricing and selection of risks are developed with sound and effective underwriting policies and practices.

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.

Have You Watched Grow O on Video Yet?

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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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