The Square Apartments (3001 Leavenworth)

[iamjacobm]

The Square (3001 Leavenworth)

Some rezoning working through the city to change this property to Neighborhood Business District to allow a mixed use development with retail below and housing above.

[Louie]

I assume this would level the existing building and start from scratch?

[iamjacobm]

Looks like 73 units.

https://planning.cityofomaha.org/images ... ust/16.pdf

[iamjacobm]

TIF App and exhibits with renderings.

https://planning.cityofomaha.org/images ... TIFApp.pdf

https://planning.cityofomaha.org/images ... ber/06.pdf

[Louie]

Kinda bland at the street level. But its decent infill.

[ita]

Potential rents are getting up there with 1 beds ranging from $1190-1370 and the 2 beds for a premium $1970/month. It's
decent amount more than the Dizzy Mule up in Millwork Commons, which submitted TIF docs in April 2022, with 1 beds potentially starting at $1000, 2 beds at $1500, and 3 beds at $1750.

[Athomsfere]

Potential rents are getting up there with 1 beds ranging from $1190-1370 and the 2 beds for a premium $1970/month. It's
decent amount more than the Dizzy Mule up in Millwork Commons, which submitted TIF docs in April 2022, with 1 beds potentially starting at $1000, 2 beds at $1500, and 3 beds at $1750.

A much more hip area though.

With the triangle and all the cool old apartments here, it's really nice infill for sure though.

[ita]

Potential rents are getting up there with 1 beds ranging from $1190-1370 and the 2 beds for a premium $1970/month. It's
decent amount more than the Dizzy Mule up in Millwork Commons, which submitted TIF docs in April 2022, with 1 beds potentially starting at $1000, 2 beds at $1500, and 3 beds at $1750.

A much more hip area though.

With the triangle and all the cool old apartments here, it's really nice infill for sure though.

Millwork Commons is less hip than Leavenworth? Leavenworth is up and coming, but Millwork Commons is a being planned and built with a purpose to be hip. I would think the more hip neighborhood would ask for more premium rents, but it's the other way around in this case.

[Athomsfere]

Millwork Commons is less hip than Leavenworth? Leavenworth is up and coming, but Millwork Commons is a being planned and built with a purpose to be hip. I would think the more hip neighborhood would ask for more premium rents, but it's the other way around in this case.

Hip being entirely subjective... Yes I'd say that Leavenworth is more hip. Field Club, it's trail, Turner Blvd Trail, MTC, Blackstone, Downtown, and the old market are all super close. Along with some awesome dive bars. And just a lot more history sprinkled in the area.

So maybe a more "established hip".

Millwork Commons feels like it's up and coming to me. But a more yuppy hip vibe, with a couple of authentically cool things like Hot Shops sprinkled in.

[ricko]

That part of Leavenworth definitely needs a hip replacement.


“What’s hip today, tomorrow will become passé”

-Socrates (or was it Tower of Power?, I forget)

[Mapguy]

Living by Leavenworth and driving on it daily I cant help but wonder whos paying 2k a month for a 2 bedroom? You could easily get a $250,000 house for that amount. Lets be honest Leavenworth is kind of divey, so if I was rening id expect a divey rent to go with my divey neighborhood

Id like to see more condos and townhomes go up. Enough of the massive 5 over 1 apartments in midtown!!!!

[ita]

Id like to see more condos and townhomes go up. Enough of the massive 5 over 1 apartments in midtown!!!!

Interesting that you bring that up, but Uptown District TIF plan, which includes several parcels that townhomes were developed on over the last several years, is pivoting to market rate rentals for the remaining phases. According to the developer, they are pivoting due to market changes. It's unfortunate, but with higher interest rates, the for sale market is slowly down considerably. I think the streetcar route will help push for sale condos/townhomes in the urban core, but for the time being, it's a 3/4/5 over 1 world out there.

https://planning.cityofomaha.org/images ... ber/08.pdf

[nativeomahan]

Incredibly bland. Why does the city allow this type of construction?

[Padre]

Incredibly bland. Why does the city allow this type of construction?

That sort of thing looks exactly like things I saw them building in Denver. I think of it as the Lego school of architecture.

[Athomsfere]

Incredibly bland. Why does the city allow this type of construction?

Because they add housing, and help keep prices down.

They are relatively cheap to build, and legal to build.

[Athomsfere]

Also, you just can't build this cool old area anymore!!

https://www.google.com/maps/@41.2524033 ... 384!8i8192

[ita]

Millwork Commons is less hip than Leavenworth? Leavenworth is up and coming, but Millwork Commons is a being planned and built with a purpose to be hip. I would think the more hip neighborhood would ask for more premium rents, but it's the other way around in this case.

Hip being entirely subjective... Yes I'd say that Leavenworth is more hip. Field Club, it's trail, Turner Blvd Trail, MTC, Blackstone, Downtown, and the old market are all super close. Along with some awesome dive bars. And just a lot more history sprinkled in the area.

So maybe a more "established hip".

Millwork Commons feels like it's up and coming to me. But a more yuppy hip vibe, with a couple of authentically cool things like Hot Shops sprinkled in.

Thanks for the perspective. Millwork is still getting it's footing established, but it also benefits from proximity to North Downtown and the Riverfront. It's a fun area to watch development.

The Park Ave neighborhood is filled with lots of interesting multifamily housing. While I like the density, the design is very basic. Not horrendous, merely utilitarian. I just looked into the Triangle apartments and they have a 3 bed for around $2000/month, but 1 beds are about what this new development will charge. So, I guess this new projects rents are about right for the area.

[Big E]

73 units starting @ $1188 for a studio up to $1973 for a 2 bed. Very little other info in the article:

https://omaha.com/news/local/govt-and-p ... a35ec.html

I'm asssuming this is the SW corner of the intersection as the other three already have apartments.

[Lillian Bean]

Here is a link to the TIF information which includes some renderings and other information: https://cityclerk.cityofomaha.org/image ... 2-1152.pdf

[Taco]

Looks like an uglier version of spaces imo. Triangle isn't great, but much better than big, ugly box.

[Louie]

Wish they could incorporate more street level life to it.

[iamjacobm]

Assuming the developers wouldn't post this unless they were ready to break ground soon.

Also assuming the "Square" branding is playing off the Triangle across the street which they also own.

https://metonic.net/square/

Metonic Real Estate Solutions is pleased to announce their upcoming multifamily development, Square Apartments, in the heart of Midtown Omaha. The 73-home apartment community is located at 30th and Leavenworth and adjacent to Triangle Apartments, which was acquired by Metonic in 2021.

The pet-friendly community will feature a mix of studio, one, two, and three-bedroom homes with desirable amenities, including smart-home living, package lockers, and a community room with a kitchen, gaming area, coffee bar, fitness center, and covered deck. Square residents will also enjoy the amenity set offered at Triangle Apartments.

[ita]

Assuming the developers wouldn't post this unless they were ready to break ground soon.

Also assuming the "Square" branding is playing off the Triangle across the street which they also own.

https://metonic.net/square/

Metonic Real Estate Solutions is pleased to announce their upcoming multifamily development, Square Apartments, in the heart of Midtown Omaha. The 73-home apartment community is located at 30th and Leavenworth and adjacent to Triangle Apartments, which was acquired by Metonic in 2021.

The pet-friendly community will feature a mix of studio, one, two, and three-bedroom homes with desirable amenities, including smart-home living, package lockers, and a community room with a kitchen, gaming area, coffee bar, fitness center, and covered deck. Square residents will also enjoy the amenity set offered at Triangle Apartments.

I saw this property advertised in the MBJ last week. I couldn't figure out which project this rendering was tied to. Thanks for making the connection. Yeah, hoping this starts up soon.

[Athomsfere]

Wait... Why did UV sell The Triangle?

[almighty_tuna]

to get to the other side?

[TransitOriented]

Pulled this guess out of my backside:
The retail portion on the first floor hasn't gone as planned and they were tired of dealing with it. Also property values are way up since they built it, so they decided to just take profit now to use for other things.

[Athomsfere]

I do like it enough. I'm a little shocked the are sticking with only 4 stories though. It's not the hottest area, I'm sure. But I would expect it to support more.

[skip]

Fences are up - looks like they are about to get down to business.

[Flyer14]

there has been some serious work done on this corner in the past few weeks

[iamjacobm]

Wood framing is going up so this will pop up pretty quickly now.

[Brad]

Wood framing is going up so this will pop up pretty quickly now.

Good to hear, seems like worked slowed down for a little bit after the foundation went in.

[Mapguy]

All we need now is a circle apt and this neighborhood can be renamed block city

[GenX]

I heard Square D is the sponsor for this project.

[iamjacobm]

This is essentially topped out. Nice presence with the apts across the street.

[Louie]

This is essentially topped out. Nice presence with the apts across the street.

Really nice dense corridor there.

[TheSeventhBrat]

I heard Square D is the sponsor for this project.

Square D is now Schneider Electric.

Source: They're one of my customers.

[iamjacobm]

This has to be getting close to finished, signage up and preleasing sign up.

[Brad]

Not sure I have photographed this before today?

1.

20250507881A7945.jpg

[skinzfan23]

Nothing earth-shattering, but again a great addition to the core.

Looking at the street view, it almost feels cavernous going down that street now, which is a good thing.