Omaha Forums

HR Paperstacks wrote:It's really dying down here right now. But I feel like it will work itself out. They just need to get more affordable options instead of trying to be a pricey entertainment destination. I barely go to most of the places because it's not reasonable for me to go often.

Some have said that Goin' Postal didn't seem to fit the area but it was a really convenient thing for me tonight as I had to mail something. It was nice not having to drive somewhere to do that. And after that I stopped by Chicago Dawg for a quick bite. These nice conveniences are what a mixed use area needs. Practical necessities for the residents. Basically a mini town within the city. It doesn't need to be some kind of entertainment district.

bigredmed wrote:Why do you think the theater is going to leave?

Coyote wrote:

bigredmed wrote:Why do you think the theater is going to leave?

I have heard Marcus is leaving also...

bigredmed wrote:

Coyote wrote:

bigredmed wrote:Why do you think the theater is going to leave?

I have heard Marcus is leaving also...

Do you mean that all of the Marcus theaters are closing?

bigredmed wrote:Why do you think the theater is going to leave?

omaha79 wrote:

bigredmed wrote:Why do you think the theater is going to leave?

.

This is a rumor that has been circulating for a while now. The theater is struggling. The sources that have been right on every other closing so far this year give the theater roughly 12 months left give or take.

GRANDPASMUCKER wrote:

omaha79 wrote:

bigredmed wrote:Why do you think the theater is going to leave?

.

This is a rumor that has been circulating for a while now. The theater is struggling. The sources that have been right on every other closing so far this year give the theater roughly 12 months left give or take.

In the paper a week or so back it said that the theater has already notified MIdtown Crossing that they will be closing. The theater told Midtown that they will hang around a little longer until MIdtown finds a tenant to replace them. The article said that since this is a big stall it will be hard to fill and so far they have had no interested parties.

nebugeater wrote:Living in Gretna I do a fair amount DT (MT) in Omaha but I have to say I never saw a movie here. That is a factor of other closer options and not seeing many movies in the theater. That being said I hate to see this go and think this will be a bigger loss to the focus of the development than a restaurant or retail that can come and go much easier.

iamjacobm wrote:I guess its hard for me to call something that is barely used a loss.

57K SF of office could bring a few hundred more people down there from 9-5 and help the lunch spots.

nebugeater wrote: I get what you are saying but then that goes to why was it barely used?

nebugeater wrote:

iamjacobm wrote:I guess its hard for me to call something that is barely used a loss.

57K SF of office could bring a few hundred more people down there from 9-5 and help the lunch spots.

I get what you are saying but then that goes to why was it barely used?

Was it not enough people in the area
Parking that people were not happy with
Too difficult to get to and from
Not enough to do before or after a movie
bad theater layout
Too expensive

I really have no idea but on the surface this seems like something that should have worked.

Movie theater space at Midtown Crossing is for lease

Developers market Marcus Cinema space as office space

KETV NewsWatch 7's efforts to reach Midtown Crossing, CBRE and Marcus Theaters have been unsuccessful.

Of the 10 first-runs in the metro area, Midtown Cinema typically has the lowest box-office performance each weekend, according to comScore, an industry service that tracks exhibitor performance. The Midtown theater also has the fewest screens.

According to comScore, Marcus’ own Majestic, at 144th Street and West Maple Road, and Twin Creek in Bellevue make up more than 50 percent of sales in the movie theater market each weekend. They’re followed by AMC’s Bluffs 17 and Marcus’ Village Pointe.

From there, AMC’s Oak View, Aksarben Cinema and Alamo Drafthouse compete for a top 5 spot.

skinzfan23 wrote:Fate of Marcus’ Midtown Cinema still uncertain, but its box-office numbers trail other Omaha theaters

Of the 10 first-runs in the metro area, Midtown Cinema typically has the lowest box-office performance each weekend, according to comScore, an industry service that tracks exhibitor performance. The Midtown theater also has the fewest screens.

According to comScore, Marcus’ own Majestic, at 144th Street and West Maple Road, and Twin Creek in Bellevue make up more than 50 percent of sales in the movie theater market each weekend. They’re followed by AMC’s Bluffs 17 and Marcus’ Village Pointe.

From there, AMC’s Oak View, Aksarben Cinema and Alamo Drafthouse compete for a top 5 spot.

buildomaha wrote:

nebugeater wrote:

iamjacobm wrote:I guess its hard for me to call something that is barely used a loss.

57K SF of office could bring a few hundred more people down there from 9-5 and help the lunch spots.

I get what you are saying but then that goes to why was it barely used?

Was it not enough people in the area
Parking that people were not happy with
Too difficult to get to and from
Not enough to do before or after a movie
bad theater layout
Too expensive

I really have no idea but on the surface this seems like something that should have worked.

Someone is not going to drive to midtown to see a movie and if there are enough people living near the theater, there's just so much else to do in that part of town that a movie doesn't seem as appealing.

Midtown Crossing wrote:Omaha, Neb. – The midtown Omaha lunch crowd will soon have another quick and affordable “go to” dining spot. Pickleman’s Gourmet Café is announcing plans to open shop in Midtown Crossing,

An upscale, fast-casual sandwich shop, Pickleman’s menu also includes freshly-prepared, all-natural pizzas, soups and salads. The signature fare, made with high-quality ingredients, is served in a comfortable, friendly environment.

The Midtown Crossing location marks five locations in seven years for local franchisee Alex Harrington.

“In selecting any location, I like to spend a lot of time in the area to understand the vibe; see if it’s bustling and if people are excited to be there,” Harrington said. “We found the great neighborhood feel and true community focus we were looking for in Midtown Crossing.”

Founded in 2005 in Columbia, Missouri, Pickleman’s is something of a family business for Harrington. He met his wife, Catherine, at Pickleman’s. His brother, Doug Strizel, serves as the franchisor.

Harrington says he looks forward to becoming a midtown lunch staple by “getting to know customers on a first name basis – and more importantly, by what they order when they come in.”

Pickleman's is set to open its Midtown Crossing location in mid-summer at 3201 Farnam St, Suite 6104. The shop will also offer delivery and catering services.

Omaha World-Herald wrote:A restaurant serving Buffalo wings and beer will open at Midtown Crossing this summer.

Ray’s Original Buffalo Wings will replace Saints Pub + Patio, which will close Saturday. Ray’s hopes to open in the space by early June, in time for the College World Series.

Owner Ray Bullock grew up in Buffalo, New York, home of the Buffalo wing. Bullock and his family operated a restaurant under the same name in Ralston until the early 2000s. The business now sells wings out of the Lemon Drop Bar & Grill near 36th and T Streets.

In addition to chicken wings, served in 10 flavors, Ray’s will feature other Buffalo specialties, including “beef on a weck” sandwiches — thinly sliced roast beef, steeped in au jus, served on a kummelweck roll — and Chiavetta’s marinated chicken breasts grilled over an open flame.

Coyote wrote:The Women's Center for Advancement building was just sold to 3805 Harney LLC for $2M

I missed this:

Women’s Center for Advancement buys new HQ in Blackstone District, tripling the organization's space

Cindy Gonzalez - World-Herald staff writer wrote:Mutual, under an entity called Turner Park North LLC, for three years has been assembling and clearing parcels east of its corporate headquarters and Midtown Crossing, on both sides of Farnam Street. Mutual developed Midtown Crossing.

The insurance giant does not plan to extend its footprint by developing the swath that now includes the WCA building, said Ken Cook, who heads Mutual’s real estate arm. Rather, its intent is to create an attractive slate for a developer to come in and reshape into a business park or commercial campus.

RETAIL LEASING UPDATE – At a glance:

Regarding occupancy, we’re right at that 92-93% mark. Omaha’s average retail vacancy is at 8% per Xceligent and Loopnet, so we’re right on par.
This summer, we’ve welcomed four new retailers. They include:
· Della Costa
· Proof
· Ray’s Wings
· Pickleman’s

Generally speaking, retail is in the midst of a revolution – the Amazon Effect. As online sales are impacting bricks and mortar, successful retailers are incorporating experience to their spaces. Consumers want to feel connections and not always just ‘have stuff.’ We have some excellent examples of “experience marketing” right here at Midtown Crossing. Some include:
· Provisions incorporating classes into the dining experience
· CRAVE offering free cotton candy and bounce back coupons during Monday Night at the Movies
· Dog-friendly patio dining

Theater
Opened in Nov. 2009 as Omaha’s first premier CineDine concept of in-theater dining with tableside service, Marcus Midtown Cinema has seen numerous in-theater dining concepts sprouting up throughout the Omaha region in recent years. A proven operator for more than 8 years, we greatly appreciate the role Marcus Midtown has played as a key anchor at Midtown Crossing. At the same time, however, we are mindful, cognizant and aware of the ever-changing demand demographic in midtown Omaha and will continue to be focused on the needs of this rapidly-changing neighborhood. We are currently testing the market demand for professional office space at Midtown Crossing. If sufficient demand for office use exists at rental rates that yield better returns than a cinema operation, then a decision whether or not to close the cinema will be made. No decision has been made at this time and we are exploring various tenant options.

As Omaha’s only true live-work-play community, we’re appealing to all three segments of our communities
· live – residents’ needs are met with the mix of services and retailers
· work - more than 50,000 people work in a one-mile of Midtown and can fit in a workout over lunch, walk over to happy hour, etc
· play - events in the park that hit the overall Omaha community

The biggest happening outside of Midtown Crossing but still ‘midtown’ may be the opening of the Cancer Center. This has brought 1,200 health care professionals to the area. Our marketing team is working hard to market to these individuals as well as to individuals in the more than 38 new apartment complexes and developments throughout the area.


CONDO SALES UPDATE – At a glance:

To date, we have sold over $50M worth of condos
Our sales are up almost 40% from just three years ago
While we’ve had relatively few resales, average annual appreciation of Midtown Crossing condos is substantially greater than other area developments.

· We see a healthy condo market as people are moving to a more urban environment and understanding the value of home ownership
· We have a mix of Empty Nesters and Young Professionals. As you know, our Condo Owners are those who are professionals and who understand the value of living in a healthy mixed-use development where they can walk to eat, shop and live.
· Our lifestyle is what brings people to Midtown Crossing. Free Parking, concerts, yoga in the park, movies in the park, Prairie Life Fitness, a well-known grocer, etc.
· Some of our residents give up a car when they move here. It’s a walkable community. Easy and safe to get around.
· We are extremely dog-friendly – in fact, more than 30 percent of our residents have dogs!


AREA APARTMENT INFORMATION – At a glance:

Highlights – midtown Omaha

- 150+ new units in 2016
- About that many in 2017
- 236 currently under construction
- 90% occupancy…still new properties leasing up. Market average is 94-95%
- $1050/unit average rent

38 new apartment buildings in the area which shows growth and interest in the urban core!

justnick wrote:last i saw the pickleman's bay had one of those cute "oops! you didn't pay your utilities!" stickers on the door from OPPD...

Highlights – midtown Omaha
- $1050/unit average rent

Omaha_corn_burner wrote:

Highlights – midtown Omaha
- $1050/unit average rent

I know what they're trying to say, but I do find it funny.
"Highlights include apartments that cost more than most home mortgages in the city"

FYI : A loan for $220,000 at 4% for 30 years comes out to be about $1050 per month.

nebugeater wrote:

Omaha_corn_burner wrote:

Highlights – midtown Omaha
- $1050/unit average rent

I know what they're trying to say, but I do find it funny.
"Highlights include apartments that cost more than most home mortgages in the city"

FYI : A loan for $220,000 at 4% for 30 years comes out to be about $1050 per month.

Then add the Property tax for that 220+K home and the property insurance which will be sizable more than the renters insurance for your belongings and you widen the gap pretty fast.

Omaha_corn_burner wrote:

nebugeater wrote:

Omaha_corn_burner wrote:

Highlights – midtown Omaha
- $1050/unit average rent

I know what they're trying to say, but I do find it funny.
"Highlights include apartments that cost more than most home mortgages in the city"

FYI : A loan for $220,000 at 4% for 30 years comes out to be about $1050 per month.

Then add the Property tax for that 220+K home and the property insurance which will be sizable more than the renters insurance for your belongings and you widen the gap pretty fast.

So you're all for $1000+ apartments all over town?

nebugeater wrote:apples to apples

omaha79 wrote:I"ve also heard that Wohlners has been heavily subsidized to continue to maintain operations there.