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 – September 9, 2021
Several readers have asked about Hacienda Real, the Mexican restaurant planned for the former Old Chicago space near 78th & Cass Street. Workers are remodeling the space, reconfiguring the layout and adding new walls. While the exterior signage has been in place for some time now, opening is still at least two months away.
Barrel & Vine has opened at 1311 South 203rd Street. The restaurant, bar and live music venue features high-end whiskies and a curated selection of wines. Perhaps most notable, Barrel & Vine has a rooftop pool, allowing patrons to take a dip if they are so inclined.
“Eat” restaurant from Dodge, Neb. will be featured at the Dandelion Pop Up @ the Flatiron Brunch Series at 1722 St Mary’s Avenue from 10 a.m. to 2 p.m. Here’s the description: “Country inspired, city influenced brunch all stars. Momma Lin’s Cinnamon Rolls, Toffee Gravy, Browned Butter Pancakes, Fried Chicken Popper Biscuit Sandwich, Buttermilk Biscuit and Eat’s Country Sausage Gravy, Old Fashioned Rice Pudding, Roasted Fruit, Fat Head Honey Nut Granola & more.”
Contour Nail Bar, and upscale nail salon, plans to open in November on the ground level of the Right at Home building at 67th & Mercy Street in Aksarben Village.
ALDI has opened its new grocery store on the northwest corner of 192nd & West Center Road. Additionally, ALDI plans to open another new location later this year in the former Fresh Thyme space at 132nd & West Center Road. That location will replace the existing ALDI store just to the north (near Dave & Buster’s).
Kum & Go is constructing a new building east of 180th Street between West Dodge Road and Burt Street. Opening should occur later this year.
Alamo Drafthouse Cinema in La Vista has reopened after a pandemic-fueled shutdown.
The “Restaurant & Retail Updates” section is sponsored by TR Construction, and Omaha-based commercial and industrial company “building concrete excellence.”
The Big Story
Brought to you by:
Two Blockbuster Developments Move Forward
Two massive development projects received a green light from the City of Omaha Planning Board at its monthly meeting last week.
The board granted final plat approval to The Crossroads development at 72nd & Dodge Street as well as the large data center campus planned for the northwest corner of Highway 133 (Blair High Road) and State Street.
Lockwood Development and Century Development are teaming up to redevelop The Crossroads. Crews have razed the old mall and are now preparing the site for construction. Plans call for dividing the 39-acre site into 17 lots and two outlots.
The $553 million Crossroads development will be a mixed-use, walkable village with 350,000 sq. ft. of retail/restaurant, 250 apartment units, office space, senior living, a 150-room hotel and 2.5 acres of public space. The existing Target store will remain. Opening is planned for 2024.
The northwest Omaha data center is a mystery. Neither city officials nor local economic developers have released the name of the company that will occupy the 260-acre site. According to planning board documents, the data center would have 1.4 million sq. ft. of floor space, plus substantial amounts of outdoor equipment on site.
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:
One giant leap for west Omaha transportation – The new 180th Street bridge between West Dodge Road and Blondo Street is now open for traffic. The bridge spans the historic Lincoln Highway, Union Pacific Railroad tracks and a creek. 180th Street north of Blondo is still under construction and will not open until 2022.
For the 21st straight year, student enrollment at the University of Nebraska Medical Center set a record high with 4,387 students enrolled for the 2021-2022 school year. This represents an increase of 148 students, or 3.5% over last year’s record of 4,239. International enrollment is up by 21% over last fall, a full recovery from the drop in international enrollment last year due to COVID-19 restrictions.
Construction is coming along nicely on a Rocket Carwash on the southeast corner of 168th & West Maple Road. It is one of 20 metro area locations that Rocket eventually plans to open.
The 50th annual Rockbrook Village Art Fair takes place this weekend – Saturday, September 11th from 10 a.m. to 6 p.m. and Sunday, September 12th from 10 a.m. to 5 p.m. Grow Omaha’s Brad Williams, owner of Brad Williams Photography, will be exhibiting. His booth will be on the far west end.
The planned Nebraska MultiSport Complex to be constructed in La Vista apparently plans to sell the Olympic pool it has held in storage for several years. The pool was used for the 2012 U.S. Olympic Swim Trials held at the CHI Health Center Omaha. Plans had called for the pool to be used in a future natatorium to be constructed in the Southport East area near Interstate 80 and Harrison Street. Even if the pool is sold, the complex still plans to move forward.
Steel beams are going up on the site of a future West Gate Bank branch office on the north side of West Maple Road at 177th Street. When it opens next year, it will be the fourth Omaha location for the Lincoln-based bank.
Sam Estivo and Jorge Sotolongo of NAI NP Dodge are marketing the former Creative Center school building for lease at 10826-10850 Emmet Street. Built in 1999, the building has 39,400 sq. ft. on 4.58 acres.
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 – Officials around the country are considering whether to make permanent the looser drinking laws passed to help bars and restaurants stay open in the pandemic.
When the pandemic shut bars and restaurants nationwide, state and local governments stepped forward to bend long-standing licensing and other commercial property use rules. That cleared the way for carryout cocktails and the sight of diners sitting at tables in the middle of a mall parking lot or a once-busy street that had been closed to traffic.
The Home Depot and Omaha-based Buildertrend are launching a partnership that provides construction professionals with advanced technology to help them manage and grow their businesses, along with a fully integrated purchasing experience and exclusive discounts. This new integration enables pros to complete more projects while reducing delays, eliminating communication errors and increasing customer satisfaction.
Applied Underwriters is making major progress on its future corporate headquarters complex in the southern part of Heartwood Preserve. The first building is topped out. Steel is now rising on the second building. Both buildings sit upon a massive, 1,000-plus-vehical parking garage.
Omaha Steaks will help provide 500,000 meals to Feeding America to help families in need. This September, during Hunger Action Month®, Omaha Steaks will join the Feeding America nationwide network of food banks to inspire individuals to take action and raise awareness of people facing hunger. Individuals can join in the fight to end hunger by purchasing a special Omaha Steaks + Feeding America package and, for each purchase, Omaha Steaks will donate $5 to Feeding America to help provide meals to people facing hunger. The package is available online at OmahaSteaks.com.
ACI Worldwide, a digital payment software company with a major office in west Omaha, has been named a leader in corporate digital banking platforms by Celent. The reports, which cover both North America and the rest of the world, highlight ACI’s strong customer base and support, for which the company received XCelent Awards.
Omaha-based Werner Enterprises recently earned several prestigious awards, including the Quest for Quality Award (from Logistics Management); Top 10 Third-Party Logistics Provider (from Inbound Logistics); and, 2021 Top 3PL & Cold Storage Provider (from Food Logistics).
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
Suzi Henry has been appointed as vice president of billing and enrollment in Workplace Solutions at Mutual of Omaha. She oversees the enrollment experience for Workplace Solutions’ customers, including eligibility, maintenance, evidence of insurability, billing, and other customer service-related functions. Before joining Mutual of Omaha, Henry served in various leadership roles at Lincoln Financial Group, Jacobsen Group, Benefitdecisions and Jefferson Pilot Financial.
Lance Fritz, chairman, president, and chief executive officer, and Jennifer Hamann, executive vice president and chief financial officer, of Union Pacific Corporation will address the Morgan Stanley 9th Annual Industrials Virtual Conference on Tuesday, September 14, 2021, at 9:00 a.m. ET.
The Sarpy County Chamber of Commerce has announced its nominees for 2021 Business Leader of the Year:
Mark Rodgers – Vice President at Core Bank
Lisa White – Mortgage Sales Manager at Gateway Mortgage
Laura Osborn – Realtor with Better Homes and Gardens Real Estate – The Good Life Group; President of the Springfield Business Association
Neal Krauss – Vice President at ACCESSbank
Ryan Ousey – Owner of ROC Business Technologies
Renee Hennings – Personal Risk Advisor at Unico Insurance
Laurie Schlender – Vice President and General Manager of the Omaha Storm Chasers
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?
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.
Support the Grow “O” Mission
Don’t keep this newsletter to yourself. Forward it to your friends, clients and co-workers. You want to know the real reason we produce this report? It’s to remind Omahans about the vibrant, prosperous and growing city they call home. The more Omaha residents believe in their city, the more successful we’ll all be. Spread the news!
Know of someone else who wants to receive this newsletter? Have them send their name and email address to email@example.com!