Even Hotel (Omaha Hotel - 24th and Farnam)

mistergutierrez · Post by **mistergutierrez** » Wed May 28, 2014 1:00 pm

I noticed today that the empty lot in the northeast corner of Farnam and 24th, opposite to The Junction, has been fenced. Anyone knows what is going there?

cdub · Post by **cdub** » Wed May 28, 2014 1:08 pm

mistergutierrez wrote:I noticed today that the empty lot in the northeast corner of Farnam and 24th, opposite to The Junction, has been fenced. Anyone knows what is going there?

"Approval of the HOTEL OMAHA BY EXPRESS TIF REDEVELOPMENT PROJECT PLAN" - June PB

Post by **Brad** » Wed May 28, 2014 1:15 pm

cdub wrote:
mistergutierrez wrote:I noticed today that the empty lot in the northeast corner of Farnam and 24th, opposite to The Junction, has been fenced. Anyone knows what is going there?
"Approval of the HOTEL OMAHA BY EXPRESS TIF REDEVELOPMENT PROJECT PLAN" - June PB

Jeff Beals just called and asked me about it too. Someone called in to Grow Omaha this morning and they had not heard about it so he drove down there when he left KFAB. He said its a decent sized area that is fenced off.

iamjacobm · Post by **iamjacobm** » Wed May 28, 2014 1:33 pm

Interesting spot for a hotel if that is indeed the case.

Post by **Brad** » Wed May 28, 2014 1:35 pm

iamjacobm wrote:Interesting spot for a hotel if that is indeed the case.

This area really needs a Spark to jump start it. There are several small projects already started and a larger anchor project is only going to help. I hope its an decent sized project with an appropriate design for the area.

iamjacobm · Post by **iamjacobm** » Wed May 28, 2014 7:41 pm

Maybe start a new thread for this other mystery project?

The owners of that land have their mailing address in North Downtown.

Post by **Brad** » Wed May 28, 2014 7:47 pm

iamjacobm wrote:Maybe start a new thread for this other mystery project?

Done

SaveOmaha · Post by **SaveOmaha** » Thu May 29, 2014 12:02 am

Arch Icon's renovation of several buildings on Howard should be a huge benefit for the neighborhood.

Coyote · Post by **Coyote** » Thu May 29, 2014 12:11 am

Owned by the city (11/14/03 sold by Delmar Development)
Parcel Number: 0745990000
Parcel Address: 219 S 24 ST., OMAHA NE 68102-0000
Acreage: .2

Post by **Brad** » Thu May 29, 2014 1:52 am

If you look at the other lots on the assessor site, they all have a new owner. I can pull it up when I am back on a real computer.

I can't remember if the city lot changed owners yet or not.

Coyote · Post by **Coyote** » Thu May 29, 2014 2:46 am

24th Street Enterprises LLC, 1536 Cuming St. From 2200 to 24th St.

Coyote · Post by **Coyote** » Fri May 30, 2014 3:07 am

$17M hotel proposed for downtown Omaha

KETV wrote:24th Street Enterprises is interested in building a five-story hotel with 132 rooms near 24th and Farnam streets. The community redevelopment area would also include room for retail space and restaurants.

Trivedi Inc., which is managing the project, is asking for $3 million in TIF assistance. The hotel goes before the Planning Board next Wednesday. If it is approved, it is scheduled to be completed in July 2015.

skinzfan23 · Post by **skinzfan23** » Fri May 30, 2014 3:52 am

Maybe someone can post the picture that was shown on Ketv.

Coyote · Post by **Coyote** » Fri May 30, 2014 4:08 am

guitarguy · Post by **guitarguy** » Fri May 30, 2014 4:17 am

Wow! Did this come out of no where? Good to see the progress downtown working further west now!

skinzfan23 · Post by **skinzfan23** » Fri May 30, 2014 4:18 am

guitarguy wrote: Good to see the progress downtown working further west now!

Absolutely!

Coyote · Post by **Coyote** » Fri May 30, 2014 5:20 am

Brad wrote:If you look at the other lots on the assessor site, they all have a new owner. I can pull it up when I am back on a real computer.

I can't remember if the city lot changed owners yet or not.

The city is going to sell this last lot to Kirti Trivedi for $235k under the provision that a Hotel would be built in two years time, for a Hotel Joslyn (final name to be determined) "a new, modern and boutique, five story hotel, with 132 LARGE (emphasis not mine) hotel rooms, meeting space, covered parking, and ample retail space, all wrapped up in a boutique building.

It will be affiliated with the IHG franchise, designed by Alley Poyner Machietto, including a restaurant, and high end salon and spa, 100 parking spaces, some under an over sized Porte Cache."

Coyote · Post by **Coyote** » Fri May 30, 2014 5:50 am

InterContinental Hotel Groups (IHG) in Omaha/Council Bluffs:

Holiday Inn (14th & Cuming) owned by Kirti Trivedi, Candlewood Suites(2), Holiday Inn Express and Suites(7), Holiday Inn Hotels and Suites, Staybridge Suites.

So I imagine this Hotel Omaha/Joslyn will be a Holiday Inn, with hopefully a restaurant better than Union Pizzeria. Considered a boutique... But Trivedi said the North DT Holiday Inn was going to be 'edgy'.

ShawJ · Post by **ShawJ** » Fri May 30, 2014 11:56 am

I'm a bit confused by this part:

The property is fenced off for now, but there are plans to expand, including adding covered parking and widening streets.

What streets are they talking about?

RNcyanide · Post by **RNcyanide** » Fri May 30, 2014 12:18 pm

Looks nice. A little height was left to be desired...

nativeomahan · Post by **nativeomahan** » Fri May 30, 2014 12:20 pm

This is great news. This neighborhood has tremendous potential.

MSizlack · Post by **MSizlack** » Fri May 30, 2014 1:28 pm

I have a question...and I'm not looking for opinions or what someone "thinks". So if those out there with true "data" or know the market place, here it is. How many hotels or, broken down further, rooms is the area East of 72nd and North of say the interstate able to support or are needed? Or ALL of Omaha? In my area by UNO, we will soon have the 3 in AV, 2 by TNMC, 1 in crossroads and the one on the West side of 72nd street across from St Mary's. I can't even begin to count the ones East of 30th street down to the river. Are other cities seeing a huge increase in the # of hotel/rooms being built? This new hotel is a great project for the area. But I'm lost as to how many hotels can be supported in the area. I know someone in the industry see's a need (meaning money to be made) otherwise they wouldnt be building all of them. I hope someone can give me some insight to this.

Greg S · Post by **Greg S** » Fri May 30, 2014 2:35 pm

I'm hoping the next hotel will be the Marriott downtown.

Greg

nativeomahan · Post by **nativeomahan** » Fri May 30, 2014 11:06 pm

There was a lull in hotel construction during the Great Recession. This is part of the response to the pent up demand that built up between 2008-2012. It forces older properties to refurbish, or close. Ultimately convention goers and travelers in general are all the winners.

sincitybaby · Post by **sincitybaby** » Sat May 31, 2014 7:38 am

The expansion in the number of hotel rooms in Omaha will ultimately increase the supply of hotel rooms, leading to a decline in the average cost of a hotel room in Omaha. I believe we are witnessing the birth of a major city!!

riceweb · Post by **riceweb** » Sat May 31, 2014 11:34 am

sincitybaby wrote:The expansion in the number of hotel rooms in Omaha will ultimately increase the supply of hotel rooms, leading to a decline in the average cost of a hotel room in Omaha. I believe we are witnessing the birth of a major city!!

...or alternatively, we're seeing a bubble caused by low interest rates.

The good news, is that I think we're seeing a critical mass of development now from Downtown to Midtown, and I can't imagine the area reverting back to its 1970s form.

iamjacobm · Post by **iamjacobm** » Tue Jun 03, 2014 10:49 pm

So what are the odds this has a better parking plan than the existing hotels in North Downtown? I went by today and didn't realize just how big the fenced in area is. I have a feeling we will see a surface lot fronting Farnam east of the hotel...

Garrett · Post by **Garrett** » Tue Jun 03, 2014 11:12 pm

iamjacobm wrote:So what are the odds this has a better parking plan than the existing hotels in North Downtown? I went by today and didn't realize just how big the fenced in area is. I have a feeling we will see a surface lot fronting Farnam east of the hotel...

It said there would be covered parking...

ShawJ · Post by **ShawJ** » Tue Jun 03, 2014 11:20 pm

Just kidding, I have no idea.

Coyote · Post by **Coyote** » Tue Jun 03, 2014 11:27 pm

That would be interesting, if reminds me of a photo of covered car lots with solar cells on top that I saw recently.

MadMartin8 · Post by **MadMartin8** » Tue Jun 03, 2014 11:30 pm

ShawJ wrote:

Just kidding, I have no idea.

I don't know whether I should laugh.... or cry because that's probably what's going to happen

iamjacobm · Post by **iamjacobm** » Fri Jun 27, 2014 3:49 pm

$3.4 million TIF request.

Also like I had feared...

5-story, 132 room, boutique style hotel with meeting space, retail space along 24th Street, some covered parking and some surface parking along Farnam Street

Seth · Post by **Seth** » Wed Jul 09, 2014 6:08 pm

I've always been saying this area has huge potential. Hopefully this lot isn't eaten up too much by parking. If it has good street presence and presents a pedestrian-scale walkable surrounding, it's really going to prime this area for more development.

iamjacobm · Post by **iamjacobm** » Wed Jul 16, 2014 1:06 am

A lot of site work happening here. This one might go quick.

Post by **BRoss** » Sat Jul 26, 2014 7:18 pm

Developer expects new hotel to change dynamic of downtown Omaha neighborhood

Cindy Gonzalez / World-Herald staff writer wrote:Today it’s a dusty downtown Omaha construction site — earth-digging equipment is removing a hotel foundation left at the 1.8-acre tract northeast of 24th and Farnam Streets.

An abandoned African restaurant has been demolished.

It’s all in preparation for a five-story, 132-room boutique hotel that the developer expects will “completely change” the dynamic of the in-transition neighborhood. Site work now is underway, and the hotel is scheduled to be up and running next July.

Trivedi hopes the Hotel Omaha by Express and its related retail component will spark more development around it, similar to what happened with another of his projects, the Holiday Inn Downtown.

iamjacobm · Post by **iamjacobm** » Sat Jul 26, 2014 7:28 pm

I would hardly agree that the Holiday Inn in North Downtown has sparked any development around it...

Putting the parking issue, which I still think is going to be a big mistake by the city, to the side this is looking like a very solid piece to the urban fabric between Downtown and Midtown. Should have a nice presence on the corner and they are being very ambitious with the six retail bays. If those fill up it will do wonders for the street activity in the area.

guitarguy · Post by **guitarguy** » Sat Jul 26, 2014 7:38 pm

Looks like an updated rendering in that article too.. looks way better imo!

.. I think this location is a lot different than the hotel in NDT where it is still located on an island. This is in the core so it should do more to influence more development around it. I do like the renovation wave going on because it lowers the end cost offered to the consumer not being a new build. But lets be real here.. we've been riding a wave of new development and I think we're getting close to where we have to let the new development absorb into the market.

iamjacobm · Post by **iamjacobm** » Sat Jul 26, 2014 11:22 pm

MadMartin8 · Post by **MadMartin8** » Sat Jul 26, 2014 11:26 pm

iamjacobm wrote:

I dig that, a lot.

Post by **Brad** » Sat Jul 26, 2014 11:41 pm

That's really going to be great for that area!