Swivel Apartments (Furniture Row) 72 & Dodge

Post by **Brad** » Sat May 12, 2018 2:16 pm

Jeff and Trenton mentioned on today's Grow Omaha that Mega Saver will be tearing down that former Furniture Row building on the NE Corner of 72nd and Dodge, and will build a new gas station there.

72nd-mega.PNG

Post by **BRoss** » Sat May 12, 2018 4:09 pm

About time that something filled in there.

RockHarbor · Post by **RockHarbor** » Sat May 12, 2018 8:33 pm

That whole area was kinda a "gas station desert" for so long. Now, Bucky's. Now this. Great. (How do I tune into "Grow Omaha?")

Busguy2010 · Post by **Busguy2010** » Sat May 12, 2018 8:34 pm

I'm super okay with this. I use Capitol court semi-regularly and it has never been well maintained. Hopefully this will get that road turned to concrete. Also, even though I have almost never used Mega Saver, it's always good to see another gas station in my area. It was always lacking, but especially lately after some of the mom and pop service stations closed.

Post by **Brad** » Sat May 12, 2018 8:38 pm

RockHarbor wrote: Sat May 12, 2018 8:33 pm (How do I tune into "Grow Omaha?")

Saturday's at 9am on KFAB or podcasts are here: https://www.iheart.com/podcast/53-Grow- ... /episodes/

Padre · Post by **Padre** » Sat May 12, 2018 8:57 pm

Doesn't Mega Saver have a station on the northwest corner of 72nd and Blondo? Would they keep two that close together?

Post by **Brad** » Sat May 12, 2018 9:05 pm

Padre wrote: Sat May 12, 2018 8:57 pm Doesn't Mega Saver have a station on the northwest corner of 72nd and Blondo? Would they keep two that close together?

They do, but I think they have 2 even closer on Saddle Creek. Blondo and Dodge seems like they are far enough apart.

RockHarbor · Post by **RockHarbor** » Sat May 12, 2018 9:35 pm

Brad wrote: Sat May 12, 2018 8:38 pm
RockHarbor wrote: Sat May 12, 2018 8:33 pm (How do I tune into "Grow Omaha?")
Saturday's at 9am on KFAB or podcasts are here: https://www.iheart.com/podcast/53-Grow- ... /episodes/

Thanks, Brad! Ill have to tune into podcasts... (I still eventually want to get one of your aerials, btw. I remember you had an autumn set of aerials of Omaha I just loved. Seems like the minute I want one, they announce some new project for Downtown Omaha...making me want to wait.) Thanks again.

Post by **Brad** » Sat May 12, 2018 9:43 pm

RockHarbor wrote: Sat May 12, 2018 9:35 pm Thanks, Brad! Ill have to tune into podcasts...

The Podcasts featuring David Brown are my favorites. In my opinion he is probably Omaha's biggest asset in my life time. One heck of a nice guy too!

RockHarbor wrote: Sat May 12, 2018 9:35 pm (I still eventually want to get one of your aerials, btw. I remember you had an autumn set of aerials of Omaha I just loved. Seems like the minute I want one, they announce some new project for Downtown Omaha...making me want to wait.) Thanks again.

Sounds good!

Coyote · Post by **Coyote** » Fri Jun 07, 2019 7:02 pm

Site Plan Review before the Planning Board.

Padre · Post by **Padre** » Sat Jun 08, 2019 4:40 pm

Coyote wrote: Fri Jun 07, 2019 7:02 pm Site Plan Review before the Planning Board.

I was wondering about that. They really need to get gid of that building. It has become a blight on the neighborhood. Now if they could do something about the blight across the street!

obvious2677 · Post by **obvious2677** » Tue Jun 11, 2019 7:30 am

RockHarbor wrote: Sat May 12, 2018 8:33 pm That whole area was kinda a "gas station desert" for so long. Now, Bucky's. Now this. Great. (How do I tune into "Grow Omaha?")

A desert, so long as you're going west. There's Buchanan's in the triangle parcel where Dodge Street meets West Dodge Road (0.3 mi west of new Bucky's). The new Bucky's is owned by Steve Buchanan as well.

Greg S · Post by **Greg S** » Tue Jun 11, 2019 8:57 am

obvious2677 wrote: Tue Jun 11, 2019 7:30 am
RockHarbor wrote: Sat May 12, 2018 8:33 pm That whole area was kinda a "gas station desert" for so long. Now, Bucky's. Now this. Great. (How do I tune into "Grow Omaha?")
A desert, so long as you're going west. There's Buchanan's in the triangle parcel where Dodge Street meets West Dodge Road (0.3 mi west of new Bucky's). The new Bucky's is owned by Steve Buchanan as well.

The crazy thing is, Steve Buchanan got his start at 72nd and Dodge. He worked pumping gas and as a mechanic at the old Standard/Amoco station on the NE Corner of the old Hinky Dinky parking lot back in the 70's. I think Ray Anderson owned it....

Greg

jessep28 · Post by **jessep28** » Tue Jun 11, 2019 9:34 am

An oddball gas station chain that sells kratom should be a real asset to that corner.

Greg S · Post by **Greg S** » Tue Jun 11, 2019 9:51 am

jessep28 wrote: Tue Jun 11, 2019 9:34 am An oddball gas station chain that sells kratom should be a real asset to that corner.

I will say that I have been in a couple of these and they just felt odd. They just seem to be a major step down from a Kum and Go or Casey's. I won't go to them at all.

Greg

obvious2677 · Post by **obvious2677** » Tue Jun 11, 2019 10:31 am

Greg S wrote: Tue Jun 11, 2019 9:51 am
jessep28 wrote: Tue Jun 11, 2019 9:34 am An oddball gas station chain that sells kratom should be a real asset to that corner.
I will say that I have been in a couple of these and they just felt odd. They just seem to be a major step down from a Kum and Go or Casey's. I won't go to them at all.

Greg

they used to make all their money on phone sales and the "additional" stuff - not gas. This is true of many convenient stores, but whereas Casey's and Kum and Go have focused on food and quality products, these are an afterthought for Mega Savers (I believe the owner is Russian?)

Taco · Post by **Taco** » Tue Jun 11, 2019 11:25 am

Owner treats his employees like $hit puts them in dangerous positions, and profits almost solely off of poverty and vices. Not a welcome new member of the neighborhood. At least the stores aren't called "Tobacco and phones 4 less anymore.

And yes, he is Russian.

TheSeventhBrat · Post by **TheSeventhBrat** » Tue Jun 11, 2019 9:20 pm

Taco wrote: Tue Jun 11, 2019 11:25 am Owner treats his employees like $hit puts them in dangerous positions, and profits almost solely off of poverty and vices. Not a welcome new member of the neighborhood. At least the stores aren't called "Tobacco and phones 4 less anymore.

And yes, he is Russian.

They don't have drop safes either,

iamjacobm · Post by **iamjacobm** » Wed Jul 31, 2019 9:35 am

This on the planning board agenda suggests multifamily here. There is another agenda item concerning a TIF application here too.

Overlay Districts
20. C7-19-150
C11-19-151
J Development
REQUEST: Approval of a PUR-Planned Unit
Redevelopment Overlay District, along with
approval of a Conditional Use Permit to allow
Multiple family residential in a GC District
LOCATION: 119 North 72nd Street

Will be able to see more specifics when the city gets the documents for all the applications uploaded in the next few days.

iamjacobm · Post by **iamjacobm** » Thu Aug 01, 2019 3:24 pm

158 total units. 127 in a "garage" that will be in the existing building. Renderings on the bottom as always. Pretty cool project.

https://planning.cityofomaha.org/images ... ust/12.pdf

ita · Post by **ita** » Thu Aug 01, 2019 3:44 pm

iamjacobm wrote: Thu Aug 01, 2019 3:24 pm 158 total units. 127 in a "garage" that will be in the existing building. Renderings on the bottom as always. Pretty cool project.

https://planning.cityofomaha.org/images ... ust/12.pdf

Wow! This is a nice surprise for this lot since previous rumors were not as exciting. Design is recycled, but it will look much better than the old Furniture Row building.

While Crossroads gets a lot of attention as an underdeveloped/underutilized space, I am glad smaller lots off of Dodge are being rejuvenated with multi-family housing. With an ORBT stop so close and it's proximity to UNO, DoSpace, a bevy of restaurants and services, and Target, this should be a very popular place to live.

Taco · Post by **Taco** » Thu Aug 01, 2019 9:33 pm

More units than parking spaces? Sounds like the start of TOD

U R my Helix · Post by **U R my Helix** » Thu Aug 01, 2019 10:42 pm

Added 119 N 72 St to Proposed units on Omaha Apartment Map

Renderings

Map shows location in red. Proposed and 5-year growth locations.

Louie · Post by **Louie** » Fri Aug 02, 2019 1:45 pm

Wow, that would be a huge improvement as far as density goes.

ScrattyB · Post by **ScrattyB** » Wed Aug 07, 2019 11:20 am

I don't like these tiny studio apartment complexes popping up in Omaha.

buildomaha · Post by **buildomaha** » Wed Aug 07, 2019 11:56 am

I agree, there cannot be this much demand for tiny studios in Omaha. Is demand and pricing really that elevated along dodge in East O?

Louie · Post by **Louie** » Wed Aug 07, 2019 12:14 pm

buildomaha wrote: Wed Aug 07, 2019 11:56 am I agree, there cannot be this much demand for tiny studios in Omaha. Is demand and pricing really that elevated along dodge in East O?

I can't imagine it is this far west.

riceweb · Post by **riceweb** » Wed Aug 07, 2019 1:52 pm

I know a ton of international tech workers in the apartments around 72nd and Dodge that get roommates for larger apartments. These studio and small 1-bedroom places might really appeal to them. I think there's a fairly large and growing population that would be the target market.

Cermak · Post by **Cermak** » Wed Aug 07, 2019 2:39 pm

This will be an improvement over what’s there now. The whole 72nd and Dodge intersection needs a face lift and new direction. Maybe this is the start.

ScrattyB · Post by **ScrattyB** » Wed Aug 07, 2019 3:11 pm

Capital Court next door is $400 per month for 200 sq/ft. Shared kitchen.

This project will be much nicer, so I'd imagine these will go for $650+

buildomaha · Post by **buildomaha** » Wed Aug 07, 2019 5:28 pm

Cermak wrote: Wed Aug 07, 2019 2:39 pm This will be an improvement over what’s there now. The whole 72nd and Dodge intersection needs a face lift and new direction. Maybe this is the start.

Precisely. Hopefully there will be even more good infill around the intersection that will entice a developer to realize how amazing it would be to have the redevelopment of crossroads down the street from aksarben in one direction, UNO in the other, and the huge employment center (hospitals, offices, and banks) in the other! Build off each other!

Post by **nebugeater** » Thu Aug 08, 2019 6:34 am

ScrattyB wrote: Wed Aug 07, 2019 3:11 pm Capital Court next door is $400 per month for 200 sq/ft. Shared kitchen.

This project will be much nicer, so I'd imagine these will go for $650+

The OWH story says they will rent from $800 - $1,100

https://www.omaha.com/money/five-story- ... 74251.html

ScrattyB · Post by **ScrattyB** » Thu Aug 08, 2019 9:08 am

riceweb wrote: Wed Aug 07, 2019 1:52 pm I know a ton of international tech workers in the apartments around 72nd and Dodge that get roommates for larger apartments. These studio and small 1-bedroom places might really appeal to them. I think there's a fairly large and growing population that would be the target market.

nebugeater wrote: Thu Aug 08, 2019 6:34 am The OWH story says they will rent from $800 - $1,100

https://www.omaha.com/money/five-story- ... 74251.html

I might be wrong, but I'm not sure "international tech workers" will go for 420 sq ft (40 sq m) studios for $800-$1100 when they could just get a place a mile or three down the road that's bigger for the same price. I think they are straight up targeting millennials looking for a cool new place to stay.

Anyways, I will continue to complain about all these new projects where the rooms are less than a 600 sq ft, and the rent is double my house mortgage.

ScrattyB · Post by **ScrattyB** » Thu Aug 08, 2019 9:11 am

A mile down the road, the Annex is about 600 sq ft and $680 to $780. Crosswinds has 1000 sq ft for under $900.

ita · Post by **ita** » Thu Aug 08, 2019 10:26 am

ScrattyB wrote: Thu Aug 08, 2019 9:08 am
riceweb wrote: Wed Aug 07, 2019 1:52 pm I know a ton of international tech workers in the apartments around 72nd and Dodge that get roommates for larger apartments. These studio and small 1-bedroom places might really appeal to them. I think there's a fairly large and growing population that would be the target market.

nebugeater wrote: Thu Aug 08, 2019 6:34 am The OWH story says they will rent from $800 - $1,100

https://www.omaha.com/money/five-story- ... 74251.html
I might be wrong, but I'm not sure "international tech workers" will go for 420 sq ft (40 sq m) studios for $800-$1100 when they could just get a place a mile or three down the road that's bigger for the same price. I think they are straight up targeting millennials looking for a cool new place to stay.

Anyways, I will continue to complain about all these new projects where the rooms are less than a 600 sq ft, and the rent is double my house mortgage.

I don't know about international tech workers, but 72nd and Dodge is a stone's throw away from UNO. Both this and the 46th and Dodge project have efficiency and standard studios, likely due to there proximity to the City's biggest universities. Students don't need much space. Once you throw in proximity to school, existing bus routes, new ORBT stop, Target, DoSpace and other amenities in the intersection, all of a sudden students, or whoever else, living there do not need a car. In fact, unless they want use UBER to get to places they couldn't using public transportation, a student at UNO would have very little monthly transportation costs because UNO offer bus passes. I could see that expanding to the ORBT service as well. That changes their budget to accommodate for the relatively high price per sq. ft., in a brand new development.

If you look at student housing in Lincoln, you will find that the newer developments are quite pricey, and your often paying for a room with shared bathrooms and kitchen. And you will not have the same convenience that this location provides.

Objectively, the price point is high, if you only look at square footage. If I were a student at UNO or worked along the Dodge corridor near an ORBT stop, a one bedroom would be attractive to me, if I were single and didn't have three kids.

ScrattyB · Post by **ScrattyB** » Thu Aug 08, 2019 11:02 am

While going to UNO I lived at Capital Court and had other student friends that lived at the Annex and Crosswinds.

Edit: I did not have a car and walked to school. Uber didn't exist, and smartphones were brand new to the world. The bus got me to Westroads.

PWL73316 · Post by **PWL73316** » Thu Aug 08, 2019 10:33 pm

I lived at Crosswinds, it was a nice, well-maintained, quiet place to live. But it's very dated. There's a lot more to an apartment than square footage.

College students don't value space like people in other situations, their lives revolve around the campus and parties, and if you want to have a party you need a house, not an apartment. It never bothered me to live in an apartment with shared common areas when I was in college; we're just starting to see private development aping the arrangements that colleges have made for their students forever.

iamjacobm · Post by **iamjacobm** » Tue Aug 13, 2019 10:28 pm

Comparing a 45 year old property with a new build isn't a comp.

More units are also good, who cares if they are all studios. If the demand is there it will fill up, if not there will be rent concessions and will create more affordable housing in the market. It gets pretty annoying to see people complain about expensive 1000 square foot units then complain about smaller studio options. Unless there is a new tax credit program to build large units that don't have income limits these will be the prices for new builds.

It also pulls people that are under renting out of the lower product. A decade ago there were very few new decent options to live on the east side of town. That leads people that earn enough to live in better product to take Class B and C units b/c they value the location with no other options. Now the higher earners that want the good location and can afford better product will leave the less desirable units. That is a natural increase in more affordable units for people that actually need them without having to focus new build affordable housing in the area.

Busguy2010 · Post by **Busguy2010** » Wed Aug 14, 2019 12:15 am

iamjacobm wrote: Tue Aug 13, 2019 10:28 pm Comparing a 45 year old property with a new build isn't a comp.

More units are also good, who cares if they are all studios. If the demand is there it will fill up, if not there will be rent concessions and will create more affordable housing in the market. It gets pretty annoying to see people complain about expensive 1000 square foot units then complain about smaller studio options. Unless there is a new tax credit program to build large units that don't have income limits these will be the prices for new builds.

It also pulls people that are under renting out of the lower product. A decade ago there were very few new decent options to live on the east side of town. That leads people that earn enough to live in better product to take Class B and C units b/c they value the location with no other options. Now the higher earners that want the good location and can afford better product will leave the less desirable units. That is a natural increase in more affordable units for people that actually need them without having to focus new build affordable housing in the area.

Maybe. I question how many individuals actually would move from a $500 studio to a $1000 studio.

ita · Post by **ita** » Wed Aug 14, 2019 8:52 am

Busguy2010 wrote: Wed Aug 14, 2019 12:15 am
iamjacobm wrote: Tue Aug 13, 2019 10:28 pm Comparing a 45 year old property with a new build isn't a comp.

More units are also good, who cares if they are all studios. If the demand is there it will fill up, if not there will be rent concessions and will create more affordable housing in the market. It gets pretty annoying to see people complain about expensive 1000 square foot units then complain about smaller studio options. Unless there is a new tax credit program to build large units that don't have income limits these will be the prices for new builds.

It also pulls people that are under renting out of the lower product. A decade ago there were very few new decent options to live on the east side of town. That leads people that earn enough to live in better product to take Class B and C units b/c they value the location with no other options. Now the higher earners that want the good location and can afford better product will leave the less desirable units. That is a natural increase in more affordable units for people that actually need them without having to focus new build affordable housing in the area.
Maybe. I question how many individuals actually would move from a $500 studio to a $1000 studio.

We are thinking about this too narrowly. With the region's push to attract out of state talent, if we have an influx of single yuppies moving to the City places like this might be attractive to them; cheaper rent than what they were paying (depending on where their moving on), in a new building, near the right amenities, right on a new mass transit route. My company recruits heavily from out of state, and is successful in doing so. Many of my coworkers, who all fall in the millennial population the region wants to attract, come from much more expensive markets. They are living in, what I think, expensive units, but they have no problem paying it because where their from, even the newer, more expensive and/or trendy apartments are "cheap".