Previous Market Reports:
Weekly Market Report – March 23, 2023
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 – May 26, 2022
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Lyle’s Pizzeria & Wine Bar is coming soon to a small building at 5213 Leavenworth Street. The business’ Facebook page says it will serve pizza and salad and will feature a wine bar and outdoor patio.
Interior build-out is well underway inside the former Jack & Mary’s space in Miracle Hills. That’s where a resuscitated version of Julio’s will open later this summer. The Tex-Mex restaurant had closed back in 2020. A second Julio’s is planned for a retail strip near 192nd & Q Street.
Moran’s Grill, which currently operates at 230 West Lincoln Street in Papillion is moving to 3909 Twin Creek Drive in Bellevue effective June 2nd. An official ribbon cutting for the new location will take place June 16th. Moran’s sells steaks, burger’s, wings, pasta, salads, appetizers, wraps, tacos and desserts.
Plans call for a Starbuck’s Coffee location to be constructed on the southeast corner of 103rd & Blair High Road. That’s just off the Interstate 680 & Highway 133 interchange. Part of the Cherry Hills development, the new Starbuck’s building will be 2,721 sq. ft. and will have a drive-through.
Hail Varsity Club is now open to the public at 12744 Westport Parkway in the former Ozzy’s Roadhouse space in La Vista’s Southport area. Hail Varsity is a Husker athletics-themed sports bar.
Pre-cast concrete walls have gone up for the future full-service Hy-Vee grocery store under construction on the northeast corner of 192nd & Highway 370. A Hy-Vee Fast & Fresh is already open on the site.
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The “Restaurant & Retail Updates” section is sponsored by Tommy’s Express Car Wash. Love your ride! Sign up in the app for your first month of unlimited washing, and make Tommy’s Express Car Wash part of your clean routine.
New Section Coming June 2nd
“Grow Omaha Eats with Sarah Baker Hansen” will debut in next week’s newsletter and on GrowOmaha.com!
Grow Omaha is teaming up with Sarah Baker Hansen,Omaha’s most respected and widely known food critic, to bring you reviews of Omaha-area restaurants.
For eight years, Sarah was the food critic at the Omaha World-Herald, but now she’s part of the Grow Omaha team!. She started the periodic Food Prowl series, wherein she created teams of tasters and found favorites in a number of categories. The series resulted in close to 40 “best of Omaha” winners. She won a 2015 Great Plains Journalism Award for best review and a 2017 Great Plains Journalism Award for best feature.
Grow Omaha Eats with Sarah Baker Hansen will appear on our website at https://growomaha.com/grow-omaha-eats every other week starting June 2nd!
The Big Story
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New Landmark Planned for 72nd & Dodge
A conceptual design of the planned Central Library at 72nd and Dodge will be presented at a public meeting on June 6.
The plans, developed by HDR and Alley Poyner Macchietto Architecture were presented on May 19 at a public meeting of the Omaha Public Library Board of Trustees.
“The Central Library design reflects the preferences of our community, it will be a one-of-a-kind Omaha Public Library to benefit patrons of all ages and interests,” said Mayor Jean Stothert.
The building design includes community feedback from a partner-powered model of engagement including a community open house, one-on-one interviews with community leaders, a series of events to solicit feedback from leaders of non-profit organizations, community groups, and neighborhood associations, and an extensive public survey. More than 1,600 survey responses were received.
“It feels like we have co-created a vision that a lot of people will buy into,” said Rachel Jacobsen, President of Heritage Services. “The library staff has been very committed and involved. The design team has been so collaborative.”
Heritage Services has proposed a new Central Library at 72nd and Dodge. Heritage projects the cost will exceed $100 million, raised through philanthropic donations. The City of Omaha will contribute $20 million, which will be appropriated in the Capital Improvement Program in 2024 and 2025 with redevelopment bonds. The library will be owned and managed by the City of Omaha.
“Heritage Services is offering Omaha the incredible opportunity to add a learning destination to the revival of 72nd and Dodge that is already underway as a commercial, residential, and leisure destination,” said Mayor Stothert. “The extensive public engagement process has provided the opportunity for everyone to be involved in planning this remarkable public space, at the true crossroads of our city.”
“This library project is a dream come true for any community,” said Margaret Sullivan. Sullivan is consulting on library development. Her company is managing the engagement process.
The library design shows a multi-story building, with pedestrian and green spaces outside, books, technology, genealogy and archives, meetings spaces, administrative offices, and a café on the street level; all features identified by survey participants.
“A library is no longer a place where you walk in and get shushed, we will have intergenerational, activated spaces,” said Nancy Novak, Interior Designer at Alley Poyner Macchietto. “Your library will be the first in the country built around an automatic storage system. There will still be lots and lots of collections on the floor.”
“I think this will be transformational at 72nd and Dodge,” said Library Trustees Board Chairman Mike Kennedy.
The plans will be presented at a public meeting on June 6 at 5:30 p.m. at The Venue at Highlander, 2120 N. 30th Street.
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
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Demolition is well underway on Gallagher Hall, a 60-year-old, 4-story residence hall on the southwest corner of Creighton University’s campus. Once the building is fully removed, the land underneath it will be used temporarily for parking until the space is needed for a future library or academic building.
Speaking of Creighton, only 20 percent of the university’s students are from Nebraska, but 48 percent of graduates accepted employment or continued their education in the state in 2021. The brain “gain” trend is expected to continue this summer with a new wave of aspiring professionals entering the job market. Over the last five years, 46.2 percent of Creighton students (1,617 total) have remained in Nebraska after graduation. Half of the Class of 2020 graduates, from both the College of Nursing (55.7 percent) and the College of Arts and Sciences (50.6 percent), remained in Nebraska.
A groundbreaking ceremony is scheduled June 28th for the Tower District, a 73-acre, mixed-use development on the northwest corner of 84th & Highway 370 in Papillion. Located a mile south of downtown Papillion, the Tower District will be developed in the shadow of Papillion’s iconic water tower. Plans call for a walkable, urban-style neighborhood that might feel like a “city within a city.”
Since it debuted last July, the Harney Street bikeway has seen a 140 percent increase in bicycle traffic according to the Omaha World-Herald. The nearly 2-mile bikeway runs along a protected lane on the southern edge of Harney Street between 10th Street downtown and 33rd Street in Midtown.
Major renovations are underway in Miracle Hills on a 137,000 sq. ft. retail strip on the west side of 114th Street north of West Dodge Road. The center has been mostly vacant over the past year or so. A Nebraska Medicine/UNMC function will be taking much of the former grocery store on the center’s north end. A FedEx Office building is under construction on a pad site along 114th. Tenants for the other empty bays have not yet been announced.
Stars on the Gene Leahy Mall – Metropolitan Entertainment & Convention Authority has announced well known musical acts will perform when the refurbished Gene Leahy Mall opens at the beginning of July. Tony Award and Emmy winner Kristin Chenoweth will perform July 1st. Country music star Brett Eldredge will perform the evening of July 2nd.
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
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 Sponsored by FranNet of The Heartland:
Real Estate News from CoStar – Last week offered a startling look, which set off a plummet on Wall Street, at how the highest inflation in more than 40 years is dragging down some of the nation’s biggest retail chains.
In a series of first-quarter earnings releases, companies and major users of retail property such as Walmart and Target reported their profits were down, missing analyst projections and sending their stock prices tumbling. TJX Cos., parent of off-price chains T.J. Maxx and Marshalls, experienced flat same-store sales. Kohl’s not only saw its comparable sales dip just over 5 percent in the quarter compared with last year, it also lowered its revenue projections for 2022. On Tuesday, consumer electronics giant Best Buy reported its first-quarter net income and comparable-store sales dropped.
Voters at Philadelphia’s polling places cast their paper ballots with “extra reassurance” during Tuesday’s primary election, where ExpressVote© XL universal voting machines were used city-wide. The machines were provided by Election Systems & Software of Omaha. More than 160,000 voters quickly moved through Philadelphia’s polling places.
Buildertrend, an Omaha-based construction project management solution company, was honored with the 20th annual American Business Awards® Silver Stevie® Award in the Customer Service Department of the Year category.
Werner Enterprises, an Omaha-based transportation and logistics company, recently received three prestigious awards from Dollar General Corporation including Dedicated Partner of the Year, Fresh Operation of the Year and Traditional Site of the Year.
Nebraska’s unemployment rate dropeed to 1.9 percent in April, which is tied with Utah for the nation’s lowest rate. It is also the lowest unemployment rate ever recorded in U.S. history.
Omaha-based Scoular, one of the leading feedstuffs, grains, and oilseeds distributors in Indonesia and Myanmar, is adding Vietnam to its distribution footprint in the Asia-Pacific. Vietnam, the 16th most populous country in the world, is a key importer of agricultural commodities. Scoular has hired two employees in Vietnam and expects to employ up to 12 additional employees, including a country manager, within the coming months.
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!”
Grow Omaha University
Leadership & Sales Insights for Ambitious People
Compiled by Grow Omaha co-founder and sales trainer Jeff Beals
Sponsored by MyStaff, Inc.
Leadership & Management
You know the difference between white-collar and blue-collar workers, but do know about “new-collar” workers? These are workers who previously held lower level hourly jobs but who transitioned into tech jobs, according to the Wall Street Journal. This is becoming increasingly common because so many tech jobs have been created, while at the same time, the Great Resignation has created so many job vacancies.
Billionaire Sam Zell argues that it’s inaccurate to say the pandemic sparked the Great Resignation, according to CoStar. In his viewpoint, the phenomenon of millions of workers quitting as they work from home is really just a big excuse.
That’s because many workers already had lost the passion for their current jobs, and when the motivation of in-person accountability and oversight was replaced with isolation and Zoom calls, they also lost the external push to succeed. That’s far more likely the bigger cause for the nearly 48 million people quitting – they may have looked in the mirror after a long stretch of working from home and asked themselves, “Am I doing what I want to do?”
As a sales pro, you’re taught to do more listening than talking, and that’s good advice for many stages of the sales process. But not in a cold call. According to Gong, top sales reps talk 55 percent of the time during a successful cold call. By contrast, sales reps who make unsuccessful cold calls talk 42 percent and listen 58 percent of the time.
If you want to improve time management, sales author Mark Hunter recommends your reps divide their week into thirds. Spend 1/3 of the week on existing clients, 1/3 on working with clients who are ready to close, and 1/3 on prospecting.
Attention sales managers: When searching for sales reps, you might have to think creatively and look for talented people in other professions. According to HubSpot, 46 percent of salespeople didn’t intend to go into sales.
“Wisdom is knowing what to do next, skill is knowing how to do it, and virtue is doing it.” – David Starr Jordan, founding president of Stanford University
“I can give you a six-word formula for success: Think things through – then follow through.” – Edward Rickenbacker
Grow Omaha University is sponsored by MyStaff Inc, a locally owned staffing firm whose purpose is helping Nebraska companies recruit for corporate office positions.
My Staff Inc – Our team helps you find yours!
People in the News
Sponsored by Baird Holm Attorneys at Law
Keith Clark has been named Chief Marketing Officer at Mutual of Omaha. During Clark’s six years at Mutual, he oversaw the creation of a new corporate logo and the Protect Your Kingdom marketing platform. His team is revitalizing Mutual of Omaha’s Wild Kingdom brand, including creating a new show premiering in January 2023, “Mutual of Omaha’s Wild Kingdom Protecting the Wild.”
Before joining Mutual, Clark served as Managing Director at Campbell Ewald, a Detroit-based advertising agency, He earned a bachelor’s degree from Albion College and a master’s degree from Northwestern University. He sits on the board of directors of the College World Series of Omaha, Inc. and Kicks for a Cure, Inc.
Cobalt Credit Union has added Todd Travaille as a financial adviser in its wealth management department. He has 10 years of financial experience and holds Series 7 and 63 certifications from the Financial Industry Regulatory Authority.
Nicole Konen has joined Koley Jessen’s M&A practice as a shareholder. Her experience includes complex M&A, private investment, and business succession transactions, in addition to corporate and contractual matters.
Tiffany Myers of Kevil, Ky. was elected to the WoodmenLife National Board of Directors, filling a seat that was vacated earlier this year. She is a Certified Public Accountant and has been a WoodmenLife member for more than 20 years. Myers is Chief Financial Officer of West Kentucky and Tennessee Telecommunications. She earned a Bachelor of Science degree in Accounting from Murray State University and a Master’s degree in Information Systems from University of Phoenix.
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?
Sponsored by Dingman’s Collision Center and D&M Roofing
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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