Burlington Postal Annex (across from station)

Downtown, Midtown, and all parts east of 72nd.

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Big E
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Postby Big E » Thu Apr 05, 2007 9:14 am

Well, I'll ask...  is there really that much demand for high end rentals in downtown Omaha?  I hope so but I'm skeptical.

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Brad
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Postby Brad » Thu Apr 05, 2007 9:16 am

|expletive|!!!

I was hoping to hit the lottery first.  Its great for this great old building, but now we are going to loose a great place to take photos!

Better try to meet the owner.
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Postby StreetsOfOmaha » Thu Apr 05, 2007 10:32 am

Great news!!! I love that it's one more anchoring project on the south end of the 10th St. Bridge.
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OmahaChef
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Postby OmahaChef » Thu Apr 05, 2007 11:14 am

That is a good question, Big E.  A few months ago, a one bedroom condo at the Beebe Runyan rented for $1795 a month.  That is a lot more than $1.15 a square foot at the Post Office Lofts.  My one bedroom at The Greenhouse will be $1.11 a square foot when my lease renews, up from $1.08 currently, so it seems pretty comparable.
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Postby MTO » Thu Apr 05, 2007 11:20 am

This would be a good building to put some sort of a roof top terrace and take advantage of that awesome view.  
Now if the Burlington gets rolling this will make for a nice little gateway into south O.

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OmahaJaysCU
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Postby OmahaJaysCU » Thu Apr 05, 2007 4:53 pm

Image

If it weren't for the railroad tracks, this area would make a wonderful restaurant, with plenty of outdoor seating, great views of downtown...

This project is great though, downtown needs more rental space.

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Postby Ben » Wed May 02, 2007 8:10 pm

Looks like they may have started cleanup of the building in preparation of construction.  There's a dumpster now located in the driveway entrance along the 10th st bridge.  All sorts of random junk looks to have been removed from the interior (based on what you can see overflowing the dumpster).

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Postby j4nu » Wed May 02, 2007 10:33 pm

This building reminds me of one in Lincoln.  It's an old water plant that was converted to apartments and the design might work here.  They turned the square footage immediately in front of the windows into a "Sun room" space and built a false exterior wall inside the building for sound proofing.  This wall has windows and french doors opening into the sun room space and makes for a neat effect.  I might have to get a picture to show what I mean.

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Postby Historic Omaha » Mon Jun 25, 2007 10:50 am

Can anyone contribute their thoughts on this building's potential success as high-end rental  (apartments)?  I am meeting with the owner, developer, architect and historic consultant this week regarding their plans for the building and would like some idea of the building's potential profitability.  I already realize the great view of downtown as an asset, but what about its location on the other side of the tracks?  I know that it wouldn't be a problem for me...but what about the typical condo/apartment individual?

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Brad
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Postby Brad » Mon Jun 25, 2007 10:53 am

Honestly I wish the post office would build a new facility by the airport and then have a hole south downtown development district, this building can be the anchor.
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Ben
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Postby Ben » Mon Jun 25, 2007 11:52 am

Historic Omaha wrote:Can anyone contribute their thoughts on this building's potential success as high-end rental  (apartments)?  I am meeting with the owner, developer, architect and historic consultant this week regarding their plans for the building and would like some idea of the building's potential profitability.  I already realize the great view of downtown as an asset, but what about its location on the other side of the tracks?  I know that it wouldn't be a problem for me...but what about the typical condo/apartment individual?


I can see some initial hesitation at being "south of the tracks", but in the long run, this is actually a phenomenal location.  With all of the ongoing/proposed development in that area (Townhomes at Little Italy, Giovanna Rows, Burlington Station, this project), there should be a fairly significant residential population of condo owners/subletters/renters on that side of the tracks.  Plus, with the retail and dining planned for Burlington Station, plus the recently renovated Lucky 1001 (or whatever its called), this should eliminate any hesitation to the "south of the tracks" stigma and actually make this somewhat of a destination spot.  

I foresee this only being the beginning of significant development in this area.  There's very little room left in the OM, and with a significant chunk of land being swallowed up with the proposed North Downtown stadium, developers will be forced to look further south, west or north for plots to re-develop surrounding the OM/downtown area.

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Closing scheduled for 1/08

Postby IridiumFlare » Fri Sep 28, 2007 6:35 am

I have noticed the "for sale" sign still up on the building.  Word on the street is that the building is still under contract and is scheduled to close on 1/08 with development into luxury apartments shortly thereafter.  I would love to see that great building bustling with activity but am holding my breath - especially after watching the Burlington Station across the street just sit there with fading banners for the past several years.

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Postby Historic Omaha » Fri Sep 28, 2007 12:19 pm

The development team is still working on their Historic Preservation Certification Application, so....... don't worry too much.

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Brad
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Postby Brad » Wed Dec 17, 2008 10:45 pm

The Apartment project for the postal annex IS STILL ON!  Good source!
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Postby Bobcat » Thu Dec 18, 2008 1:49 pm

Good news Brad.  The original article in the OWH said that it would be complete by Summer 2008.  What's up with developers saying one thing and not even coming close to hitting the mark?  It really puts a black mark on their reputation.  There are plenty of examples on each side around Omaha.

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Postby Ben » Thu Dec 18, 2008 3:49 pm

Bobcat wrote:Good news Brad.  The original article in the OWH said that it would be complete by Summer 2008.  What's up with developers saying one thing and not even coming close to hitting the mark?  It really puts a black mark on their reputation.  There are plenty of examples on each side around Omaha.


It seems like anyone that has to apply for this "Historic Preservation Certification" that HistoricOmaha talks about above seems to run way behind on their schedule.  The last project that we saw this with was the PE Iler building on Howard (which still isn't done!!).

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Say it ain't so Joe...I mean Ben

Postby Historic Omaha » Thu Dec 18, 2008 5:55 pm

Not true.

The Brandeis project (Townsend Dev.) is also utilizing tax credits and they are on schedule.

Three buildings near 13the and Leavenworth (Creighton Heath) and tax credit projects and they seem to be on schedule.

Any historic rehab. project that NuStyle was involved with in Omaha for the past 10+ years was a tax credit project (some also utliizing Low Income Housing Tax Credits).
Old Market Lofts (2 phases)
Tip Top
Drake Court
various historic schools
Ford Lofts (Dodge)
Farnam Building
and the list goes on...

Christian Christiansen has been involved in a few tax credits projects that seemed to be moving rather quickly
Joslyn Lofts
Butternut Lofts (aka The 9ines) - until it burnt down :(


Each project presents unique circumstances - some of which are not dictated by historic rehabilition tax credit program reviews.  There are always other factors at work, some not even controled by an applicant/developer, that affect the timing of projects.  Many of the rehabilitations in the Old Market HD and south (Rail and Commerce HD) were histroic tax credit projects at some point (late 1970s to present).  If anything, I don't think the general public realizes that what we have left in building stock is partly due to the tax credits.

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Postby OmahaChef » Thu Dec 25, 2008 7:21 pm

This is good to hear.  If I get a job that pays better than the one I have now, I'd live there.  Of course, I'd have to be on the side facing the railroad tracks.  A trainwatchers dream....  Oh yeah, and the city view would be nice too.
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Post Office Annex Building

Postby swiskus » Wed Feb 25, 2009 10:00 pm

Does anyone know if anything is in the works or has been discussed for the old Post Office Annex building south from the SoMa rowhouses on 10th Street?  It's got really cool windows and I would imagine a great view of the city...

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Postby omahastylee459 » Wed Feb 25, 2009 10:06 pm


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Brad
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Postby Brad » Wed Feb 25, 2009 10:08 pm

Threads merged...

I talked to the architect right before the Holidays, project is back on hold.

Here is the View:
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swiskus

Postby swiskus » Wed Feb 25, 2009 10:25 pm

So, the building isn't still for sale, even though there's a sign on it?

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Brad
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Postby Brad » Wed Feb 25, 2009 10:32 pm

I don't know?  I think anything is for sale at a price.
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Postby the1wags » Tue Oct 27, 2009 2:36 pm

Postal Annex is still listed as for sale on the Grubb Ellis website. 77,076ft2. $2.1M.

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Brad
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Postby Brad » Tue Oct 27, 2009 2:38 pm

the1wags wrote:Postal Annex is still listed as for sale on the Grubb Ellis website. 77,076ft2. $2.1M.


So much potential.  I really need to hit the Lottery!
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windsor
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Postby windsor » Tue Oct 27, 2009 3:37 pm

I would wager that this building starts construction in 2011.  Its a prime anchor location in need of a better economy.  I think it will go residential, however I hope its part of a larger project that includes relocation of the post office.
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Brad
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Postby Brad » Sun Mar 18, 2012 11:19 am

Garage door on the 10th Street Bridge was open yesterday:
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Seth
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Postby Seth » Sun Mar 18, 2012 12:40 pm

How do old buildings always end up with so much random junk piled inside?  Is there a natural law that hoarders gain access to them?

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Postby Stargazer » Wed Mar 21, 2012 3:27 pm

Is that a late 70's International Scout I see back there??  I loved those early sport utes.

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Postby NovakOmaha » Wed Mar 21, 2012 3:42 pm

Stargazer wrote:Is that a late 70's International Scout I see back there??  I loved those early sport utes.


I had a Scout in the mid 70's.  It was a tank but a lot of fun.  Not sure I'd call it a sport ute, as much as a very tough Jeep.

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Postby Stargazer » Wed Mar 21, 2012 4:14 pm

Eh... FJ-40... now that is a tough Jeep.

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Postby iamjacobm » Fri Aug 31, 2012 3:01 pm

Unless I have been blind earlier this week there are new PJ Morgan For Sale signs on this building.  

http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=17789583&linkcode=13850&FromPPPP=true

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Brad
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Postby Brad » Fri Aug 31, 2012 3:10 pm

Wow, 1.5 Million!

I would buy it if I hit the lottery!  Wayyyy to much wasted potential there!
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iamjacobm
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Postby iamjacobm » Fri Aug 31, 2012 6:10 pm

Brad wrote:Honestly I wish the post office would build a new facility by the airport and then have a hole south downtown development district, this building can be the anchor.


That is a really cool idea.

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Brad
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Postby Brad » Mon Apr 29, 2013 10:35 pm

Yesterday they put 6-8 dumpsters inside the building...

Anyone know anything?
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Postby ItsAllAboutMe » Fri Jul 26, 2013 9:07 am

I can confirm an offer was made on this building.

Now this part fits in the Rumors section:
This building has been sold and will become condos.

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Postby iamjacobm » Fri Jul 26, 2013 9:11 am

ItsAllAboutMe wrote:I can confirm an offer was made on this building.

Now this part fits in the Rumors section:
This building has been sold and will become condos.


Oh that would be fantastic.

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Garrett
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Re:

Postby Garrett » Fri Dec 27, 2013 11:31 am

Well....

http://www.omaha.com/apps/pbcs.dll/article?AID=%2F20131227%2FMONEY%2F131229262%2F1697#.Ur2sW5fOZ-o.twitter

Cindy Gonzalez OWH wrote:A local developer is in the process of buying the historic and long-vacant Burlington Postal Annex just south of the Old Market at 950 S. 10th St.

Walt Peffer of P.J. Morgan Real Estate said his client does not want to be identified yet or to release too many details.

But Peffer said the hope is to create a mixed-use project in the 1927 triangle-shaped building that is listed in the National Register of Historic Places.


Pretty big thrust into the South Market. That area is going to be awesome in a few years if all of these new developments pan out.
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Seth
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Re: Burlington Postal Annex (across from station)

Postby Seth » Fri Dec 27, 2013 11:58 am

Another great project. It's good to see the momentum pushing out from the traditional Old Market area, as there is a lot of potential in the surrounding neighborhoods.

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Brad
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Re: Burlington Postal Annex (across from station)

Postby Brad » Fri Dec 27, 2013 4:45 pm

Awesome News! I always hoped I would hit the lottery and buy it, but its going to be great to see it restored!
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