OMAHA- A new $43.5 million building, nine stories tall, is aimed at bringing more retail, apartments and parking to Omaha’s trendy Blackstone District. Developers say their planned mixed-use building, which replaces a surface parking lot and a few smaller buildings, would be a major addition to the midtown neighborhood. Proposed by developers Tom McLeay, Matt Dwyer and Jay Lund, the complex would face Farnam Street between 37th and 38th Streets. According to city documents, construction is tentatively scheduled to begin this October and be completed in September 2023.

“In some ways, this is the last big piece here on Farnam Street. In other ways, it’s the hole in the doughnut that we’re filling in for this area,” McLeay said. “I think it will be a really nice addition that will give the Blackstone a more elevated and bigger city experience. It will feel a little more like Denver or Chicago than Omaha when it’s all said and done.”

The building looks to offer over 20,000 square feet of retail space, enough room for 10 stores. It will house 161 apartments as well as 400 needed parking spaces to accompany the Blackstone District.

“I think I speak for all three of us with 100% certainty that, without tax increment financing, the Blackstone District would be exactly the way it was 10 years ago,” McLeay said.

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