The Crossroads (72 & Dodge)

West Omaha, Sarpy and Nebraska metro counties.

Moderators: nebugeater, Omaha Cowboy, Brad, BRoss

ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

Just got a notice, KETV broadcast the Mayor's news conference announcing the project and Omaha's commitment of $12.5 million for infrastructure costs in and around Crossroads. I am watching it now; Frank looks in good health for a 95 year old.

https://www.ketv.com/article/mayor-stot ... e/33524379
User avatar
Taco
Human Relations
Posts: 514
Joined: Mon Jul 27, 2015 10:34 am

Re: Crossroads - Redevelopment Plan

Post by Taco »

Interesting there is no longer any development planned W of 75th st
User avatar
Busguy2010
City Council
Posts: 7267
Joined: Sat Apr 09, 2011 7:32 pm
Location: North Central Omaha

Re: Crossroads - Redevelopment Plan

Post by Busguy2010 »

I gotta get out of here... Property values jumped 20% last year for no good reason other than "you live here", and this doesn't look to help on that front.
User avatar
Busguy2010
City Council
Posts: 7267
Joined: Sat Apr 09, 2011 7:32 pm
Location: North Central Omaha

Re: Crossroads - Redevelopment Plan

Post by Busguy2010 »

Taco wrote: Wed Aug 05, 2020 3:38 pm Interesting there is no longer any development planned W of 75th st
Yes, please keep the existing strip mall and the Kwik Shop. Keep the cost of any such project down as much as possible as to not spike the surrounding property values even further.

Prices for cracker boxes in the immediate surrounding area are already upwards of 170K, 180K, and some surpassing well over 200K, when in reality, they are barely worth half that, physically.
Last edited by Busguy2010 on Wed Aug 05, 2020 3:52 pm, edited 1 time in total.
ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

Just finished watching the news conference. The guy explaining the development in detail from Lockwood said something like they have an area of one story retail/restaurant space to scale it down and encourage "pedestrian stroll", so it's safe and fun for families. I don't understand, are people not going to stroll if that area had apartments or offices above the retail? Are people going to be scared of feel unsafe? I really don't like the single story retail that fronts the development. Apparently, they have not spoken to UNO about this plan. I hope they want in and we can get multistory student housing or something off of Dodge. I was excited that Crossroads was a TOD-1 MX district on the planning departments TOD district map, but this development is backwards in terms of TOD development. Listening to that guy talk about scaling and massing of the project, I was think, what?
ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

Busguy2010 wrote: Wed Aug 05, 2020 3:45 pm
Taco wrote: Wed Aug 05, 2020 3:38 pm Interesting there is no longer any development planned W of 75th st
Yes, please keep the existing strip mall and the Kwik Shop. Keep the cost of any such project down as much as possible s to not spike the surrounding property values even further.
True, and my Asian grocery store is there. I want them to stay in the strip mall, dilapidated parking lot and all.
buildomaha
Human Relations
Posts: 700
Joined: Tue May 31, 2016 7:06 pm

Re: Crossroads - Redevelopment Plan

Post by buildomaha »

Not super impressed with the plan, but I have a feeling this will end up being more like aksarben and less like heartwood preserve in that the finished product may be bigger than originally advertised rather than less so.
They’re touting a “competitive advantage” being that the project will be finished all at once instead of in phases. I don’t really know if that’s an advantage as if plans change or there is more demand for something better a couple years down the road then it will be too late.
#gohawks
User avatar
S.O.Boy
Human Relations
Posts: 821
Joined: Sun Apr 05, 2020 10:42 pm
Location: Pisces–Cetus Supercluster Complex

Re: Crossroads - Redevelopment Plan

Post by S.O.Boy »

Waiting to see how much area is included. One old plan would remove Buffalo Wild Wings and Kwik Shop.
User avatar
GrandpaaSmucker
Parks & Recreation
Posts: 1879
Joined: Wed Jun 28, 2017 3:09 pm

Re: Crossroads - Redevelopment Plan

Post by GrandpaaSmucker »

The chances of this really happening on a scale of 1 to 10. I will say 3 and that could be way too high!
User avatar
S.O.Boy
Human Relations
Posts: 821
Joined: Sun Apr 05, 2020 10:42 pm
Location: Pisces–Cetus Supercluster Complex

Re: Crossroads - Redevelopment Plan

Post by S.O.Boy »

GrandpaaSmucker wrote: Wed Aug 05, 2020 6:17 pm The chances of this really happening on a scale of 1 to 10. I will say 3 and that could be way too high!
Maybe fourth time is a charm :lol:
User avatar
Omaha Cowboy
The Don
Posts: 1013708
Joined: Wed Jan 07, 2004 5:31 am
Location: West Omaha

Re: Crossroads - Redevelopment Plan

Post by Omaha Cowboy »

Actually, I’m very impressed with this overall plan.. The mayor and the developer’s sure seem quite assertive this will be a done deal.. If so, again, I’m impressed..

But we shall see.. Proceed with cautious optimism...

Ciao..LiO...Peace
Go Cowboys!
User avatar
Big E
City Council
Posts: 8170
Joined: Thu Jan 27, 2005 11:12 am

Re: Crossroads - Redevelopment Plan

Post by Big E »

Still pretty amazing we can get half a billion or more invested in a semi-dense mixed use urban environment everywhere in Omaha except in actual downtown omaha.
Stable genius.
ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

Big E wrote: Wed Aug 05, 2020 8:13 pm Still pretty amazing we can get half a billion or more invested in a semi-dense mixed use urban environment everywhere in Omaha except in actual downtown omaha.
Conagra redevelopment is $500 million. Builders is $300 million. Millwork is $300. Throw in the Riverfront for another $300 million (not mixed use, but downtown development nonetheless).
User avatar
Busguy2010
City Council
Posts: 7267
Joined: Sat Apr 09, 2011 7:32 pm
Location: North Central Omaha

Re: Crossroads - Redevelopment Plan

Post by Busguy2010 »

Omaha Cowboy wrote: Wed Aug 05, 2020 7:24 pm Actually, I’m very impressed with this overall plan.. The mayor and the developer’s sure seem quite assertive this will be a done deal.. If so, again, I’m impressed..
I thought her big announcement was going to be a mask mandate, not this. Seems rather dubious for the mayor of the only top 100 city not to have a mask mandate to make an announcement like this in the same week as failing to implement a mask mandate. This is a diversion tactic if I ever saw one.

As far as the development goes, I'm kinda over it. As you have seen from my comments above, I'm not a fan of spending that kind of money and jacking up property values just to get rid of a dead mall. I'd rather raze the thing and lay it over with grass seed and make a park than keep trying again and again to force some big development to happen, that obviously doesn't make sense, privately.
ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

Busguy2010 wrote: Wed Aug 05, 2020 8:35 pm
Omaha Cowboy wrote: Wed Aug 05, 2020 7:24 pm Actually, I’m very impressed with this overall plan.. The mayor and the developer’s sure seem quite assertive this will be a done deal.. If so, again, I’m impressed..
I thought her big announcement was going to be a mask mandate, not this. Seems rather dubious for the mayor of the only top 100 city not to have a mask mandate to make an announcement like this in the same week as failing to implement a mask mandate. This is a diversion tactic if I ever saw one.

As far as the development goes, I'm kinda over it. As you have seen from my comments above, I'm not a fan of spending that kind of money and jacking up property values just to get rid of a dead mall. I'd rather raze the thing and lay it over with grass seed and make a park than keep trying again and again to force some big development to happen, that obviously doesn't make sense, privately.
I can't say this for sure, but I don't think that would make sense for the public interest either. I would think razing it and laying grass on top would cost a pretty penny as well and create zero tax revenue for the City. Additionally, if property values rise because of this, that is a plus for homeowners near by.
User avatar
Big E
City Council
Posts: 8170
Joined: Thu Jan 27, 2005 11:12 am

Re: Crossroads - Redevelopment Plan

Post by Big E »

ita wrote: Wed Aug 05, 2020 8:30 pmConagra redevelopment is $500 million. Builders is $300 million. Millwork is $300. Throw in the Riverfront for another $300 million (not mixed use, but downtown development nonetheless).
Fair points. I just don’t consider any of them truly “mixed use” unless there’s a component I’m misremembering.

That being said, new true mixed use anywhere might be a thing if the past based on code/insurance requirements and current and foreseeable economics, at least around here.
Stable genius.
User avatar
Busguy2010
City Council
Posts: 7267
Joined: Sat Apr 09, 2011 7:32 pm
Location: North Central Omaha

Re: Crossroads - Redevelopment Plan

Post by Busguy2010 »

ita wrote: Wed Aug 05, 2020 8:56 pm
Busguy2010 wrote: Wed Aug 05, 2020 8:35 pm
Omaha Cowboy wrote: Wed Aug 05, 2020 7:24 pm Actually, I’m very impressed with this overall plan.. The mayor and the developer’s sure seem quite assertive this will be a done deal.. If so, again, I’m impressed..
I thought her big announcement was going to be a mask mandate, not this. Seems rather dubious for the mayor of the only top 100 city not to have a mask mandate to make an announcement like this in the same week as failing to implement a mask mandate. This is a diversion tactic if I ever saw one.

As far as the development goes, I'm kinda over it. As you have seen from my comments above, I'm not a fan of spending that kind of money and jacking up property values just to get rid of a dead mall. I'd rather raze the thing and lay it over with grass seed and make a park than keep trying again and again to force some big development to happen, that obviously doesn't make sense, privately.
I can't say this for sure, but I don't think that would make sense for the public interest either. I would think razing it and laying grass on top would cost a pretty penny as well and create zero tax revenue for the City. Additionally, if property values rise because of this, that is a plus for homeowners near by.
Good for sellers, yes. People coming and going. But good for people who live around there and plan on staying, no way. Anyway, I think the housing marked is super inflated and will crash before too much longer. Maybe this type of big money development will be good to live around in certain times, but now isnt one of them. Like I said above cracker boxes around here are exceeding 160,000, and often closing in on 200,000.
User avatar
Omaha Cowboy
The Don
Posts: 1013708
Joined: Wed Jan 07, 2004 5:31 am
Location: West Omaha

Re: Crossroads - Redevelopment Plan

Post by Omaha Cowboy »

Big E wrote: Wed Aug 05, 2020 9:06 pm
ita wrote: Wed Aug 05, 2020 8:30 pmConagra redevelopment is $500 million. Builders is $300 million. Millwork is $300. Throw in the Riverfront for another $300 million (not mixed use, but downtown development nonetheless).
Fair points. I just don’t consider any of them truly “mixed use” unless there’s a component I’m misremembering.

That being said, new true mixed use anywhere might be a thing if the past based on code/insurance requirements and current and foreseeable economics, at least around here.
There is hope for a mixed use component to the Riverfront project. ConAgra for certain is *supposed* to be mixed use..as is development in North Downtown..Throw in The Capitol District just for fun..

But I see what E is driving at. There is so much more downtown left on the table.. The completely undeveloped Civic Auditorium site which Tetrad bailed on several years back..the current UP site which has laid undeveloped for going on 16 years (Lanoha has owned 8 of those years and counting).. There is so much potential for major mixed use development downtown..

It’d be nice to see a bullish press conference with the mayor and developer addressing UP and Civic.. It is frustrating for sure...

Ciao..LiO...Peace
Go Cowboys!
User avatar
Brad
Photographer
Posts: 1036451
Joined: Sat Feb 28, 2004 6:03 pm
Location: Omaha, NE

Re: Crossroads - Redevelopment Plan

Post by Brad »

I'm glad they are keeping the name The Crossroads. Chip James is a smart guy and know that's what everyone was going to call it anyways. I really think he is the silver bullet that is going to get this project off the ground.

As far as the area west of 75th. Things are different these days. That area can be "Phase Two". Get this area started and add that in later.
User avatar
Omaha Cowboy
The Don
Posts: 1013708
Joined: Wed Jan 07, 2004 5:31 am
Location: West Omaha

Re: Crossroads - Redevelopment Plan

Post by Omaha Cowboy »

Busguy2010 wrote: Wed Aug 05, 2020 8:35 pm
Omaha Cowboy wrote: Wed Aug 05, 2020 7:24 pm Actually, I’m very impressed with this overall plan.. The mayor and the developer’s sure seem quite assertive this will be a done deal.. If so, again, I’m impressed..
I thought her big announcement was going to be a mask mandate, not this. Seems rather dubious for the mayor of the only top 100 city not to have a mask mandate to make an announcement like this in the same week as failing to implement a mask mandate. This is a diversion tactic if I ever saw one.
That’s a fair point, although I never thought for a second thIs mayor would grow enough backbone to announce a mask mandate.. I think that’s up to the CIty Council to take care of at this point..

Diversion tactic? Maybe...

Ciao..LiO...Peace
Go Cowboys!
ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

Omaha Cowboy wrote: Wed Aug 05, 2020 9:34 pm
Big E wrote: Wed Aug 05, 2020 9:06 pm
ita wrote: Wed Aug 05, 2020 8:30 pmConagra redevelopment is $500 million. Builders is $300 million. Millwork is $300. Throw in the Riverfront for another $300 million (not mixed use, but downtown development nonetheless).
Fair points. I just don’t consider any of them truly “mixed use” unless there’s a component I’m misremembering.

That being said, new true mixed use anywhere might be a thing if the past based on code/insurance requirements and current and foreseeable economics, at least around here.
There is hope for a mixed use component to the Riverfront project. ConAgra for certain is *supposed* to be mixed use..as is development in North Downtown..Throw in The Capitol District just for fun..

But I see what E is driving at. There is so much more downtown left on the table.. The completely undeveloped Civic Auditorium site which Tetrad bailed on several years back..the current UP site which has laid undeveloped for going on 16 years (Lanoha has owned 8 of those years and counting).. There is so much potential for major mixed use development downtown..

It’d be nice to see a bullish press conference with the mayor and developer addressing UP and Civic.. It is frustrating for sure...

Ciao..LiO...Peace
That makes sense. If you haven't seen the conference, the mayor does mention the Civic site briefly. All she said though was "we're working on it."
ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

Busguy2010 wrote: Wed Aug 05, 2020 9:14 pm
ita wrote: Wed Aug 05, 2020 8:56 pm
Busguy2010 wrote: Wed Aug 05, 2020 8:35 pm
Omaha Cowboy wrote: Wed Aug 05, 2020 7:24 pm Actually, I’m very impressed with this overall plan.. The mayor and the developer’s sure seem quite assertive this will be a done deal.. If so, again, I’m impressed..
I thought her big announcement was going to be a mask mandate, not this. Seems rather dubious for the mayor of the only top 100 city not to have a mask mandate to make an announcement like this in the same week as failing to implement a mask mandate. This is a diversion tactic if I ever saw one.

As far as the development goes, I'm kinda over it. As you have seen from my comments above, I'm not a fan of spending that kind of money and jacking up property values just to get rid of a dead mall. I'd rather raze the thing and lay it over with grass seed and make a park than keep trying again and again to force some big development to happen, that obviously doesn't make sense, privately.
I can't say this for sure, but I don't think that would make sense for the public interest either. I would think razing it and laying grass on top would cost a pretty penny as well and create zero tax revenue for the City. Additionally, if property values rise because of this, that is a plus for homeowners near by.
Good for sellers, yes. People coming and going. But good for people who live around there and plan on staying, no way. Anyway, I think the housing marked is super inflated and will crash before too much longer. Maybe this type of big money development will be good to live around in certain times, but now isnt one of them. Like I said above cracker boxes around here are exceeding 160,000, and often closing in on 200,000.
Is the increase in value a detriment because of higher tax valuations? Also, housing prices are getting high. However, I do not think they are inflated, at least not yet in Omaha, as supply cannot keep up with demand. Some really expensive places are going to be hit hard and are already seeing some decreases in home prices, that's what I have observed anyway.
User avatar
iamjacobm
City Council
Posts: 10798
Joined: Sat Apr 10, 2010 6:52 am
Location: Chicago

Re: Crossroads - Redevelopment Plan

Post by iamjacobm »

Looks good could be a little better on the urbanism front, but this site has a lot of hurdles and just needs to get done. Been an anchor for too long.

Also that other stripmall is owned by Block Real Estate out of KC. Good sized firm that would have the capacity to do something there if this area takes off.
User avatar
Omaha Cowboy
The Don
Posts: 1013708
Joined: Wed Jan 07, 2004 5:31 am
Location: West Omaha

Re: Crossroads - Redevelopment Plan

Post by Omaha Cowboy »

ita wrote: Wed Aug 05, 2020 10:09 pm
Omaha Cowboy wrote: Wed Aug 05, 2020 9:34 pm
Big E wrote: Wed Aug 05, 2020 9:06 pm
ita wrote: Wed Aug 05, 2020 8:30 pmConagra redevelopment is $500 million. Builders is $300 million. Millwork is $300. Throw in the Riverfront for another $300 million (not mixed use, but downtown development nonetheless).
Fair points. I just don’t consider any of them truly “mixed use” unless there’s a component I’m misremembering.

That being said, new true mixed use anywhere might be a thing if the past based on code/insurance requirements and current and foreseeable economics, at least around here.
There is hope for a mixed use component to the Riverfront project. ConAgra for certain is *supposed* to be mixed use..as is development in North Downtown..Throw in The Capitol District just for fun..

But I see what E is driving at. There is so much more downtown left on the table.. The completely undeveloped Civic Auditorium site which Tetrad bailed on several years back..the current UP site which has laid undeveloped for going on 16 years (Lanoha has owned 8 of those years and counting).. There is so much potential for major mixed use development downtown..

It’d be nice to see a bullish press conference with the mayor and developer addressing UP and Civic.. It is frustrating for sure...

Ciao..LiO...Peace
That makes sense. If you haven't seen the conference, the mayor does mention the Civic site briefly. All she said though was "we're working on it."
I have not seen it as of yet. I plan to try and take in what they have up on the KETV web site..But it’s interesting she brought up the Civic site at this press conference...

Ciao..LiO...Peacd
Go Cowboys!
User avatar
Busguy2010
City Council
Posts: 7267
Joined: Sat Apr 09, 2011 7:32 pm
Location: North Central Omaha

Re: Crossroads - Redevelopment Plan

Post by Busguy2010 »

ita wrote: Wed Aug 05, 2020 10:14 pm Is the increase in value a detriment because of higher tax valuations? Also, housing prices are getting high. However, I do not think they are inflated, at least not yet in Omaha, as supply cannot keep up with demand. Some really expensive places are going to be hit hard and are already seeing some decreases in home prices, that's what I have observed anyway.
Yes, to answer your question about valuations. I know for a fact my house physically is in no way worth what it is valued because I've physically made zero improvements that would justify the increase. Starting to wonder if I should kiss the floor for every step I take in it. It just doesn't feel right being this strapped for this house. I'm probably going to have to move around. I've lived in this neighborhood my whole life and never ever has this neighborhood been exclusive, but it is showing signs of leaning that direction, and Its starting to weigh on me.
FirebirdEngineer
Home Owners Association
Posts: 62
Joined: Thu Mar 30, 2017 8:26 pm

Re: Crossroads - Redevelopment Plan

Post by FirebirdEngineer »

As others have said, they've gone through so many permutations and promises on this redevelopment that I'm not believing this version will be built either.

After thinking about all of those permutations, I decided to take a walk down this thread to see the various proposed site plans they've put out for Crossroads over the last 9 or so years.

2011:
Image

2012:
Image
Image

2014 (?):
Image

2015:
Image

2017:
Image

And finally, 2020:
Image
GetUrban
Planning Board
Posts: 2647
Joined: Sun Nov 23, 2008 3:07 pm
Location: Omaha

Re: Crossroads - Redevelopment Plan

Post by GetUrban »

Thanks for posting that compilation FirebirdEngineer. You saved us a lot of time searching way back in the life of this thread. On one hand I’m very excited this important project may be coming back to life, but on the other hand, I’m somewhat disappointed it doesn’t seem to have the WOW factor, density, and walkability of the most recent plans for the Heartwood development out west at the old Boys town property. I too am glad they’re keeping the old Crossroads name. That location will always be Crossroads to me. I guess we have to take what we can get for this site.
He said "They are some big, ugly red brick buildings"
...and then they were gone.
User avatar
Big E
City Council
Posts: 8170
Joined: Thu Jan 27, 2005 11:12 am

Re: Crossroads - Redevelopment Plan

Post by Big E »

Busguy2010 wrote: Wed Aug 05, 2020 10:42 pm
ita wrote: Wed Aug 05, 2020 10:14 pm Is the increase in value a detriment because of higher tax valuations? Also, housing prices are getting high. However, I do not think they are inflated, at least not yet in Omaha, as supply cannot keep up with demand. Some really expensive places are going to be hit hard and are already seeing some decreases in home prices, that's what I have observed anyway.
Yes, to answer your question about valuations. I know for a fact my house physically is in no way worth what it is valued because I've physically made zero improvements that would justify the increase. Starting to wonder if I should kiss the floor for every step I take in it. It just doesn't feel right being this strapped for this house. I'm probably going to have to move around. I've lived in this neighborhood my whole life and never ever has this neighborhood been exclusive, but it is showing signs of leaning that direction, and Its starting to weigh on me.
Congratulations on your prescient investment and the potential $250,000/500,000 capital gains exemption you’re due on your primary residence if you sell at the top of the market.
Stable genius.
FirebirdEngineer
Home Owners Association
Posts: 62
Joined: Thu Mar 30, 2017 8:26 pm

Re: Crossroads - Redevelopment Plan

Post by FirebirdEngineer »

GetUrban wrote: Wed Aug 05, 2020 11:40 pm Thanks for posting that compilation FirebirdEngineer. You saved us a lot of time searching way back in the life of this thread. On one hand I’m very excited this important project may be coming back to life, but on the other hand, I’m somewhat disappointed it doesn’t seem to have the WOW factor, density, and walkability of the most recent plans for the Heartwood development out west at the old Boys town property. I too am glad they’re keeping the old Crossroads name. That location will always be Crossroads to me. I guess we have to take what we can get for this site.
I totally agree with you there. This current plan is certainly serviceable, but the one that really wowed me was that hugely ambitious master plan from 2012 that extended the changes down to Pacific and west to the Keystone Trail. I'll always be disappointed that version never got the financial and public support I thought it deserved.
User avatar
Busguy2010
City Council
Posts: 7267
Joined: Sat Apr 09, 2011 7:32 pm
Location: North Central Omaha

Re: Crossroads - Redevelopment Plan

Post by Busguy2010 »

Big E wrote: Wed Aug 05, 2020 11:41 pm
Busguy2010 wrote: Wed Aug 05, 2020 10:42 pm
ita wrote: Wed Aug 05, 2020 10:14 pm Is the increase in value a detriment because of higher tax valuations? Also, housing prices are getting high. However, I do not think they are inflated, at least not yet in Omaha, as supply cannot keep up with demand. Some really expensive places are going to be hit hard and are already seeing some decreases in home prices, that's what I have observed anyway.
Yes, to answer your question about valuations. I know for a fact my house physically is in no way worth what it is valued because I've physically made zero improvements that would justify the increase. Starting to wonder if I should kiss the floor for every step I take in it. It just doesn't feel right being this strapped for this house. I'm probably going to have to move around. I've lived in this neighborhood my whole life and never ever has this neighborhood been exclusive, but it is showing signs of leaning that direction, and Its starting to weigh on me.
Congratulations on your prescient investment and the potential $250,000/500,000 capital gains exemption you’re due on your primary residence if you sell at the top of the market.
Yeah, I absolutely love this area, but I'm thinking somewhere deeper in North Omaha, South Omaha, CB, Blair etc might be a better fit for me. Unfortunately I'm not prepared to sell at the moment. Honestly wouldn't be hurt to see my valuation come back down either, as I was saying the increase I saw was not physical or real in the first place. But If it continues to magically go up in the next year or two, you bet your a$$ I'm cashing out and moving to a cheaper area.
ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

Omaha Cowboy wrote: Wed Aug 05, 2020 10:26 pm
ita wrote: Wed Aug 05, 2020 10:09 pm
Omaha Cowboy wrote: Wed Aug 05, 2020 9:34 pm
Big E wrote: Wed Aug 05, 2020 9:06 pm
ita wrote: Wed Aug 05, 2020 8:30 pmConagra redevelopment is $500 million. Builders is $300 million. Millwork is $300. Throw in the Riverfront for another $300 million (not mixed use, but downtown development nonetheless).
Fair points. I just don’t consider any of them truly “mixed use” unless there’s a component I’m misremembering.

That being said, new true mixed use anywhere might be a thing if the past based on code/insurance requirements and current and foreseeable economics, at least around here.
There is hope for a mixed use component to the Riverfront project. ConAgra for certain is *supposed* to be mixed use..as is development in North Downtown..Throw in The Capitol District just for fun..

But I see what E is driving at. There is so much more downtown left on the table.. The completely undeveloped Civic Auditorium site which Tetrad bailed on several years back..the current UP site which has laid undeveloped for going on 16 years (Lanoha has owned 8 of those years and counting).. There is so much potential for major mixed use development downtown..

It’d be nice to see a bullish press conference with the mayor and developer addressing UP and Civic.. It is frustrating for sure...

Ciao..LiO...Peace
That makes sense. If you haven't seen the conference, the mayor does mention the Civic site briefly. All she said though was "we're working on it."
I have not seen it as of yet. I plan to try and take in what they have up on the KETV web site..But it’s interesting she brought up the Civic site at this press conference...

Ciao..LiO...Peacd
It was during the Q&A portion of the meeting. I don't remember the context, but she mentioned it. Not getting my hopes up, though with the election year coming up maybe she pushes something through, even though she has not confirmed running again.
ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

Busguy2010 wrote: Thu Aug 06, 2020 12:14 am
Big E wrote: Wed Aug 05, 2020 11:41 pm
Busguy2010 wrote: Wed Aug 05, 2020 10:42 pm
ita wrote: Wed Aug 05, 2020 10:14 pm Is the increase in value a detriment because of higher tax valuations? Also, housing prices are getting high. However, I do not think they are inflated, at least not yet in Omaha, as supply cannot keep up with demand. Some really expensive places are going to be hit hard and are already seeing some decreases in home prices, that's what I have observed anyway.
Yes, to answer your question about valuations. I know for a fact my house physically is in no way worth what it is valued because I've physically made zero improvements that would justify the increase. Starting to wonder if I should kiss the floor for every step I take in it. It just doesn't feel right being this strapped for this house. I'm probably going to have to move around. I've lived in this neighborhood my whole life and never ever has this neighborhood been exclusive, but it is showing signs of leaning that direction, and Its starting to weigh on me.
Congratulations on your prescient investment and the potential $250,000/500,000 capital gains exemption you’re due on your primary residence if you sell at the top of the market.
Yeah, I absolutely love this area, but I'm thinking somewhere deeper in North Omaha, South Omaha, CB, Blair etc might be a better fit for me. Unfortunately I'm not prepared to sell at the moment. Honestly wouldn't be hurt to see my valuation come back down either, as I was saying the increase I saw was not physical or real in the first place. But If it continues to magically go up in the next year or two, you bet your a$$ I'm cashing out and moving to a cheaper area.
Real estate markets are a tricky thing, based on my experience. However, the higher prices of even existing homes, is that housing stock is not really catching up with demand especially in certain price ranges. You can't buy a new house under $200k, even in Omaha. So, if there are so many people looking for a price in the around there, which there are, demand is dominating supply. Our home in Hanscom Park has gone up in value, real or not, but 60% since we purchased it in 2013. That's not huge, if you look at how other markets have appreciated, but I was not expecting that. Most of the appreciation has occurred in the last few years.

Also, I really want there to be a cap on tax assessments. I am a broken record on this, but since property taxes are on the State Legislature's mind, instead on trying to reduce property taxes, just limit municipalities from reassessing properties every darn year. Maybe it was not an issue in the pass, but as you pointed out, even our humble City has seen home values rise substantially over the last 5 years or so. That means what home buyers budgeted for 5 years ago does not apply to there current housing costs because they have been reassessed 3-5 times over. For areas around projects like the Crossroads, it would help keep people situated where they are because they may not want to buy a new home knowing it will be assessed at a much higher rate even though they may buy a like valued property. Anyway, end rant. Back to the Crossroads.

Last thought, as I slept and thought about this project, I think a Frank Krejci deserves a kudos for making progress on Crossroads. The man is 95 and he is just chugging along trying to get this done. While I have misgivings about the design and concept, Lockwood seems like a good fit and partner to actually make this happen. So, here's to Frank! Hopefully, he can see this project completed.
ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

Busguy2010 wrote: Thu Aug 06, 2020 12:14 am
Big E wrote: Wed Aug 05, 2020 11:41 pm
Busguy2010 wrote: Wed Aug 05, 2020 10:42 pm
ita wrote: Wed Aug 05, 2020 10:14 pm Is the increase in value a detriment because of higher tax valuations? Also, housing prices are getting high. However, I do not think they are inflated, at least not yet in Omaha, as supply cannot keep up with demand. Some really expensive places are going to be hit hard and are already seeing some decreases in home prices, that's what I have observed anyway.
Yes, to answer your question about valuations. I know for a fact my house physically is in no way worth what it is valued because I've physically made zero improvements that would justify the increase. Starting to wonder if I should kiss the floor for every step I take in it. It just doesn't feel right being this strapped for this house. I'm probably going to have to move around. I've lived in this neighborhood my whole life and never ever has this neighborhood been exclusive, but it is showing signs of leaning that direction, and Its starting to weigh on me.
Congratulations on your prescient investment and the potential $250,000/500,000 capital gains exemption you’re due on your primary residence if you sell at the top of the market.
Yeah, I absolutely love this area, but I'm thinking somewhere deeper in North Omaha, South Omaha, CB, Blair etc might be a better fit for me. Unfortunately I'm not prepared to sell at the moment. Honestly wouldn't be hurt to see my valuation come back down either, as I was saying the increase I saw was not physical or real in the first place. But If it continues to magically go up in the next year or two, you bet your a$$ I'm cashing out and moving to a cheaper area.
Real estate markets are a tricky thing, based on my experience. However, the higher prices of even existing homes, is that housing stock is not really catching up with demand especially in certain price ranges. You can't buy a new house under $200k, even in Omaha. So, if there are so many people looking for a price in the around there, which there are, demand is dominating supply. Our home in Hanscom Park has gone up in value, real or not, 60% since we purchased it in 2013. When if comes to actual dollars, that's not huge compared to how other markets have appreciated, but I was not expecting that because Omaha's housing market has always been fairly slow and steady when if comes to appreciation. Most of the appreciation has occurred in the last few years, so there are other market issues in addition to supply and demand like land, labor, and material costs that are driving up home prices.

Also, I really want there to be a cap on tax assessments. I am a broken record on this, but since property taxes are on the State Legislature's mind, instead on trying to reduce property taxes, just limit municipalities from reassessing properties every darn year. Maybe it was not an issue in the pass, but as you pointed out, even our humble City has seen home values rise substantially over the last 5 years or so. That means what home buyers budgeted for 5 years ago does not apply to there current housing costs because they have been reassessed 3-5 times over. For areas around projects like the Crossroads, it would help keep people situated where they are because they may not want to buy a new home knowing it will be assessed at a much higher rate even though they may buy a like valued property. Anyway, end rant. Back to the Crossroads.

Last thought, as I slept and thought about this project, I think a Frank Krejci deserves a kudos for making progress on Crossroads. The man is 95 and he is just chugging along trying to get this done. While I have misgivings about the design and concept, Lockwood seems like a good fit and partner to actually make this happen. So, here's to Frank! Hopefully, he can see this project completed.
User avatar
Taco
Human Relations
Posts: 514
Joined: Mon Jul 27, 2015 10:34 am

Re: Crossroads - Redevelopment Plan

Post by Taco »

FirebirdEngineer wrote: Wed Aug 05, 2020 11:53 pm
GetUrban wrote: Wed Aug 05, 2020 11:40 pm Thanks for posting that compilation FirebirdEngineer. You saved us a lot of time searching way back in the life of this thread. On one hand I’m very excited this important project may be coming back to life, but on the other hand, I’m somewhat disappointed it doesn’t seem to have the WOW factor, density, and walkability of the most recent plans for the Heartwood development out west at the old Boys town property. I too am glad they’re keeping the old Crossroads name. That location will always be Crossroads to me. I guess we have to take what we can get for this site.
I totally agree with you there. This current plan is certainly serviceable, but the one that really wowed me was that hugely ambitious master plan from 2012 that extended the changes down to Pacific and west to the Keystone Trail. I'll always be disappointed that version never got the financial and public support I thought it deserved.
Hear hear. Thank you so much for placing all of the old plans in one place. I agree serviceable is a good adjective for our current plan. Whenever I see master plan renderings I tend to assume cost overruns/delays and assume the final project will be ~20% less impressive than the proposed renderings, which makes me think the mixed use density may be on the chopping block.

The plan you are referencing was the only plan that attempted to be visionary and push the envelope in comparison to other area developments. It is a shame it was not taken advantage of more given the rarity of developing a large, centrally located part of our urban fabric like this project. Maybe in 10-20 years when NFM inevitably moves west we will have another chance. This current plan is a huge improvement on the present nothing and should present a good tax base for OPS and a good riderbase for ORBT. It's hard not to feel as if this plan is stuck in 2010 with the lack of green infrastructure, landscaping, public use component or active transportation, but at this point I will be happy to see any form of progress, and shouldn't complain about "what could have been".
ita
County Board
Posts: 4735
Joined: Thu Jul 12, 2018 4:11 pm

Re: Crossroads - Redevelopment Plan

Post by ita »

I know it's never good to compare, but we have two 40 acre, $500 million mixed used proposals revealed within days of each other.

Layouts
The Row at Heartwood Preserve
Image

The Crossroads at Crossroads
Image

Overviews
The Row at Heartwood Preserve
Image

The Crossroads at Crossroads
Image

Planned Uses
The Row at Heartwood Preserve
Phase 1 (8 acres)
- 150k Class A Office
- 350 apartment units
- 75k Retail

Future Phases
- 180 room hotel

The Crossroads at Crossroads
- 500k Office
- 250 apartment units
- 130 senior living
- 150 room hotel
- 200k Retail
- 150k Lifestyle
- 4,000 parking spaces, including 2,000 parking garage
Last edited by ita on Thu Aug 06, 2020 12:47 pm, edited 1 time in total.
GetUrban
Planning Board
Posts: 2647
Joined: Sun Nov 23, 2008 3:07 pm
Location: Omaha

Re: Crossroads - Redevelopment Plan

Post by GetUrban »

500k of Office space at the new crossroads seems a bit overly optimistic, unless they already have a large tenant in mind. Hmm.
He said "They are some big, ugly red brick buildings"
...and then they were gone.
Cermak
Planning Board
Posts: 2317
Joined: Thu Nov 29, 2018 1:02 pm

Re: Crossroads - Redevelopment Plan

Post by Cermak »

I’d rather have a 15-25 story Building built downtown. Than all these 4 and 9 story buildings being planned at Crossroads and Heartwood developments. Pretty sure crossroads Project will fall through or be delayed or cancelled, it has a history of that happening.
Dark Eyes
Home Owners Association
Posts: 90
Joined: Wed Apr 06, 2005 2:33 pm
Location: Omaha, NE

Re: Crossroads - Redevelopment Plan

Post by Dark Eyes »

This thread is in the "Suburban Development" category because this board draws the "Urban" line at 72nd Street. Considering the Omaha city limits now extend beyond 204th to the west, perhaps the "Urban" line should be farther west than 72nd which is more or less midtown now.

Oakview is becoming the new Crossroads. Maybe in 20 years someone will have a redevelopment plan for Oakview.
User avatar
Garrett
County Board
Posts: 4629
Joined: Wed Nov 26, 2008 6:29 pm
Location: New York City

Re: Crossroads - Redevelopment Plan

Post by Garrett »

The article says the renderings are all conceptual but I feel pretty meh about it. Heartwood feels like a better development from a design standpoint.
OMA-->CHI-->NYC
User avatar
Omaha Cowboy
The Don
Posts: 1013708
Joined: Wed Jan 07, 2004 5:31 am
Location: West Omaha

Re: Crossroads - Redevelopment Plan

Post by Omaha Cowboy »

My experience, about 50% of the time, is renderings don’t do the development justice..

If/when construction begins to rise for this project, I suspect a goodly number of us will be more impressed than the renderings reveal..and for this project, imo, these renderings look pretty darn impressive to my eye...

Ciao..LiO...Peace
Go Cowboys!