Swivel Apartments (Furniture Row) 72 & Dodge

Doctor Fate · Post by **Doctor Fate** » Wed Aug 14, 2019 10:12 am

ita wrote: 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".

I think you're spot on. A lot people here in SLC would never pay the market price for a studio apartment in the newer apartment buildings (at least $1,500), but the people that are coming here from California and Seattle are more than happy to pay that price. To them it's a steal as they were paying significantly higher rates before coming here. Most of the new apartment buildings are right along light rail and streetcar routes too.

ScrattyB · Post by **ScrattyB** » Wed Aug 14, 2019 10:32 am

iamjacobm wrote: Tue Aug 13, 2019 10:28 pmIf the demand is there it will fill up

Yeah, this is my point. I don't believe the demand exists at that price point per sq foot. But I will probably be proven wrong.

PWL73316 · Post by **PWL73316** » Thu Aug 22, 2019 3:29 pm

Easier to go down than up regardless. If they have overshot they will cut the price or finagle around with first leases like Capitol has been fairly desperately doing.

iamjacobm · Post by **iamjacobm** » Thu Mar 12, 2020 10:41 pm

https://cityclerk.cityofomaha.org/image ... 0-0319.pdf

Updated renderings in the latest TIF request.

Taco · Post by **Taco** » Fri Mar 13, 2020 12:10 am

Hope the siding looks retro instead of cheap and question how well it will age. I think I liked the old design better.

daveoma · Post by **daveoma** » Fri Mar 13, 2020 2:58 am

I think the location of these apartments is ideal and I predict these will be very successful.

skinzfan23 · Post by **skinzfan23** » Fri Mar 13, 2020 8:36 am

Yes, they should work really well in that space and having UNO so close by.

ita · Post by **ita** » Fri Mar 13, 2020 9:58 am

iamjacobm wrote: Thu Mar 12, 2020 10:41 pm https://cityclerk.cityofomaha.org/image ... 0-0319.pdf

Updated renderings in the latest TIF request.

Glad to see this is still moving forward. Btw I thought you were moving to Chicago? How are yoih accessing hear submissions still, are you still in town?

iamjacobm · Post by **iamjacobm** » Tue Mar 17, 2020 9:48 pm

ita wrote: Fri Mar 13, 2020 9:58 am
iamjacobm wrote: Thu Mar 12, 2020 10:41 pm https://cityclerk.cityofomaha.org/image ... 0-0319.pdf

Updated renderings in the latest TIF request.
Glad to see this is still moving forward. Btw I thought you were moving to Chicago? How are yoih accessing hear submissions still, are you still in town?

I am in Chicago. The city posts all of their documents online and I generally know what is worth looking at so it only takes me about 5 mins to skim.

Still interested in happenings in the Big O.

ita · Post by **ita** » Fri Mar 20, 2020 10:13 am

iamjacobm wrote: Tue Mar 17, 2020 9:48 pm
ita wrote: Fri Mar 13, 2020 9:58 am
iamjacobm wrote: Thu Mar 12, 2020 10:41 pm https://cityclerk.cityofomaha.org/image ... 0-0319.pdf

Updated renderings in the latest TIF request.
Glad to see this is still moving forward. Btw I thought you were moving to Chicago? How are yoih accessing hear submissions still, are you still in town?
I am in Chicago. The city posts all of their documents online and I generally know what is worth looking at so it only takes me about 5 mins to skim.

Still interested in happenings in the Big O.

Thanks for keeping us all updated. I always look forward to reviewing these plans.

S.O.Boy · Post by **S.O.Boy** » Sun Apr 05, 2020 11:48 pm

How much drool is on the floor of the Target store manager's office at the though of having an apartment building across the street? If I lived there and had a choice between dealing with 72nd street and walking across the street. Walking would win.

S.O.Boy · Post by **S.O.Boy** » Wed Aug 05, 2020 5:07 pm

After protests

S.O.Boy · Post by **S.O.Boy** » Wed Aug 05, 2020 5:08 pm

And work is starting.

Padre · Post by **Padre** » Fri Aug 07, 2020 2:21 pm

S.O.Boy wrote: Wed Aug 05, 2020 5:08 pm

And work is starting.

We start to see work here, and a couple days later we see an new announcement for Crossroads, right across the street. Coincidence? Maybe, but still interesting. I suspect several projects in the area have been on hold, waiting for Crossroads to get sorted out.

ita · Post by **ita** » Fri Aug 07, 2020 4:20 pm

Padre wrote: Fri Aug 07, 2020 2:21 pm
S.O.Boy wrote: Wed Aug 05, 2020 5:08 pm
And work is starting.
We start to see work here, and a couple days later we see an new announcement for Crossroads, right across the street. Coincidence? Maybe, but still interesting. I suspect several projects in the area have been on hold, waiting for Crossroads to get sorted out.

I think similar sized developments to this project could be in the future for that intersection. We shall see.

PotatoeEatsFish · Post by **PotatoeEatsFish** » Fri Aug 07, 2020 8:47 pm

ita wrote: Fri Aug 07, 2020 4:20 pm
Padre wrote: Fri Aug 07, 2020 2:21 pm
S.O.Boy wrote: Wed Aug 05, 2020 5:08 pm
And work is starting.
We start to see work here, and a couple days later we see an new announcement for Crossroads, right across the street. Coincidence? Maybe, but still interesting. I suspect several projects in the area have been on hold, waiting for Crossroads to get sorted out.
I think similar sized developments to this project could be in the future for that intersection. We shall see.

Its just like the Capitol District, once they started building that they announced the Capitol Place Apartments. The problem with Omaha is all these developers put shiny renderings in the paper then do nothing. A single highrise downtown would make the way for the next and so on.

S.O.Boy · Post by **S.O.Boy** » Wed Aug 12, 2020 3:41 pm

Padre wrote: Fri Aug 07, 2020 2:21 pm

We start to see work here, and a couple days later we see an new announcement for Crossroads, right across the street. Coincidence? Maybe, but still interesting. I suspect several projects in the area have been on hold, waiting for Crossroads to get sorted out.

I think it is coincidence, because if it was Crossroads related, they should wait till October when demolition is to start. If it does.

ita · Post by **ita** » Wed Aug 12, 2020 3:54 pm

S.O.Boy wrote: Wed Aug 12, 2020 3:41 pm
Padre wrote: Fri Aug 07, 2020 2:21 pm

We start to see work here, and a couple days later we see an new announcement for Crossroads, right across the street. Coincidence? Maybe, but still interesting. I suspect several projects in the area have been on hold, waiting for Crossroads to get sorted out.
I think it is coincidence, because if it was Crossroads related, they should wait till October when demolition is to start. If it does.

Maybe it isn't related per se, but it could be that the people behind the project, or those financing it, were waiting to see if there was any movement at Crossroads. Rumors of a new plan with Lockwood were floating around since the end of 2019. Additionally, this project was revealed in August of 2019 via an OWH article and there was not much going on until now. Anyway, I am glad to see this type of project still moving forward. The location was already solid with Target, Walgreens, and DoSpace nearby with strong, for Omaha, public transportation options, but it will be really nice location when Crossroads is completed.

Busguy2010 · Post by **Busguy2010** » Wed Aug 12, 2020 5:04 pm

ita wrote: Wed Aug 12, 2020 3:54 pm
S.O.Boy wrote: Wed Aug 12, 2020 3:41 pm
Padre wrote: Fri Aug 07, 2020 2:21 pm

We start to see work here, and a couple days later we see an new announcement for Crossroads, right across the street. Coincidence? Maybe, but still interesting. I suspect several projects in the area have been on hold, waiting for Crossroads to get sorted out.
I think it is coincidence, because if it was Crossroads related, they should wait till October when demolition is to start. If it does.
Maybe it isn't related per se, but it could be that the people behind the project, or those financing it, were waiting to see if there was any movement at Crossroads. Rumors of a new plan with Lockwood were floating around since the end of 2019. Additionally, this project was revealed in August of 2019 via an OWH article and there was not much going on until now. Anyway, I am glad to see this type of project still moving forward. The location was already solid with Target, Walgreens, and DoSpace nearby with strong, for Omaha, public transportation options, but it will be really nice location when Crossroads is completed.

I'm going with coincidence.

S.O.Boy · Post by **S.O.Boy** » Tue Aug 18, 2020 9:38 pm

There is an excavator on site. I am guessing that is for the back ramp to garage.

U R my Helix · Post by **U R my Helix** » Wed Nov 11, 2020 1:15 pm

A rendering from the Swivel's fb page.

Post by **Omaha Cowboy** » Wed Nov 11, 2020 1:58 pm

Well, that it one snazzy rendering..

I like it

...

Ciao..LiO...Peace

Louie · Post by **Louie** » Wed Nov 11, 2020 3:43 pm

That is a high quality rendering for sure.

Busguy2010 · Post by **Busguy2010** » Wed Nov 11, 2020 6:54 pm

Best thing that come from this for my purposes is if somehow Capitol Court can be maintained as a real street. It absolutely sucked, then was replaced some time around when Panda and Cane's opened, and is starting to suck again.

Louie · Post by **Louie** » Thu Nov 12, 2020 11:56 am

Busguy2010 wrote: Wed Nov 11, 2020 6:54 pm Best thing that come from this for my purposes is if somehow Capitol Court can be maintained as a real street. It absolutely sucked, then was replaced some time around when Panda and Cane's opened, and is starting to suck again.

I wish that Capitol Court could access 69th St so you could turn east on Dodge easier. I blame my affinity for Raising Cane's and my Dundee home for this problem.

Dundeemaha · Post by **Dundeemaha** » Thu Nov 12, 2020 4:51 pm

That would be great. It's crazy that if you continued the roadway there, the plot you split off from the north east of the office depot plot is almost identical in size and shape as the plot that got turned in to town homes in Dundee: https://eomahaforums.com/viewtopic.php?f=11&t=19404

Busguy2010 · Post by **Busguy2010** » Thu Nov 12, 2020 6:16 pm

Louie wrote: Thu Nov 12, 2020 11:56 am
Busguy2010 wrote: Wed Nov 11, 2020 6:54 pm Best thing that come from this for my purposes is if somehow Capitol Court can be maintained as a real street. It absolutely sucked, then was replaced some time around when Panda and Cane's opened, and is starting to suck again.
I wish that Capitol Court could access 69th St so you could turn east on Dodge easier. I blame my affinity for Raising Cane's and my Dundee home for this problem.

Not ideal, I know, but you can achieve the same end by cutting through the Office Depot parking lot.

PWL73316 · Post by **PWL73316** » Wed Dec 02, 2020 9:56 am

I understand why Dodge takes all the focus but everything north and south on 72nd is much more ripe for immediate development than any of the property right along Dodge. I can't imagine that a furniture store full of broken windows to the north or an empty former car rental lot on the south end (to name 2 of 10+) are going to be harder to move than all the successful businesses in the Dodge corridor.

I know at one time someone was talking about apartments on the furniture store property, I lost track of that with all the Crossroads back and forth. Anyone know the latest?

Busguy2010 · Post by **Busguy2010** » Wed Dec 02, 2020 10:02 am

PWL73316 wrote: Wed Dec 02, 2020 9:56 am I know at one time someone was talking about apartments on the furniture store property, I lost track of that with all the Crossroads back and forth. Anyone know the latest?

That is getting redeveloped. I forget what it is called, but demolition of that building is well under way.

bldgengineer2015 · Post by **bldgengineer2015** » Wed Dec 02, 2020 10:47 am

It will be called Swivel. They are keeping the existing building but adding a new steel platform above the existing roof for the new levels of apartments.

Busguy2010 · Post by **Busguy2010** » Wed Dec 02, 2020 10:53 am

bldgengineer2015 wrote: Wed Dec 02, 2020 10:47 am It will be called Swivel. They are keeping the existing building but adding a new steel platform above the existing roof for the new levels of apartments.

Wow, I didn't know that was the plan.

Taco · Post by **Taco** » Wed Dec 02, 2020 11:39 am

I like how they are reusing the existing frame. Nice not to make unnecessary waste and will make for a cool before/after.

Post by **Brad** » Thu Dec 17, 2020 11:56 am

Crane on site today.

skinzfan23 · Post by **skinzfan23** » Thu Dec 17, 2020 8:05 pm

Brad wrote: Thu Dec 17, 2020 11:56 am Crane on site today.

Good to hear. Between this and all the other developments on this stretch of Dodge, this area might see the most activity in the next 3-5 years.

Post by **Brad** » Tue Mar 30, 2021 9:09 pm

I was just looking at my Aerial photo from earlier in March and noticed you can see the outline of the the upper floors on the roof of the existing building. Interesting seeing the size difference between the two.

S.O.Boy · Post by **S.O.Boy** » Fri Apr 02, 2021 5:31 pm

Walls are going up

stadsborgare · Post by **stadsborgare** » Tue May 04, 2021 6:53 pm

May 2

Athomsfere · Post by **Athomsfere** » Wed May 05, 2021 10:07 am

stadsborgare wrote: Tue May 04, 2021 6:53 pm May 2

It is great to see this is moving quick. It should look nice to see something of "significance" at one of the city's busiest intersections.

ita · Post by **ita** » Wed May 05, 2021 12:12 pm

Athomsfere wrote: Wed May 05, 2021 10:07 am
stadsborgare wrote: Tue May 04, 2021 6:53 pm May 2

It is great to see this is moving quick. It should look nice to see something of "significance" at one of the city's busiest intersections.

Agreed. 72nd and Dodge has been largely stagnate for so many years.

Also, I want to see more of these old cinder block/concrete buildings be reused and built upon rather than torn down and replace with similar 1 story buildings.

Athomsfere · Post by **Athomsfere** » Wed May 05, 2021 12:52 pm

Anyone more familiar with Omaha's history have a clue why 72nd and Dodge has been so over looked for so long? Perhaps Crossroads would have survived if we didn't blow right past this intersection for work the last ~20 years?