Is Aksarben Village a good place to live? 108 more reasons to say yes.

There aren’t many places in Omaha where you can see an outdoor concert, grab drinks and dinner with friends, take in a movie, and then walk home. We’ve been proud to call Aksarben Village home since 2009. We like it so much, we are inviting more of you to join us.

Alchemy Development has recently purchased two lots adjacent to the new HDR headquarters building in what is informally known as Zone 6. The plan calls for 108 apartments in two separate buildings. Each one is five stories tall, serviced by elevators and indoor garage parking. A redevelopment agreement was signed with the City of Omaha this past summer, and construction is slated for 2018. The buildings will open in the first part of 2020 when HDR welcomes it’s 1,200 employees to its new tower.

Accredited investors seeking information on the new Zone 6 apartment project may contact us now.

 

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Ready for Your CUE?

Opening in July 2016. Aksarben Village.

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CUE at Aksarben Village

I was recently asked how we name our projects.

Some are obvious.  Shadow Lake Square Apartments are next to Shadow Lake and Shadow Lake Mall.  Along with the neighboring amenities – the centerpiece of the development collect at a square traffic pattern.   We also name the floorplans.  At Shadow Lake Square – the Monarch is a nod to Papillion – the french word for butterfly is Papillion. There is also the Cottonwood, a tree common to Nebraska and Meadowlark, the Nebraska state bird.

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In Aksarben Village, our first 3 buildings speak to the previous use of the neighborhood- the Ak-Sar-Ben horse race track, and the projects design.  Pinhook is a racing term, Flats is a design term:  Pinhook Flats.  Inside, meaning the floorplans, we stuck with horse racing and named the floorplans after Kentucky Derby winners – Seabiscuit, Winning Colors, Secretariat for example.

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Our latest building in Aksarben, we wanted to do something different from Pinhook Flats.  We looked at the neighborhood – there is much growth and change. Stinson Park continues to hold great events – walks, marathons, markets and bands.  The University of Nebraska at Omaha – is continuing to add space for classes, parking and living.  Baxter Arena is hosting many events – sporting, graduation, conferences.  The retail and restaurants in Aksarben Village continue to develop – along with businesses joining the mix.  The homes here are being remodeled and updated by singles, familes and empty nesters.  We knew that many were looking for the next place to live – unique, bringing a little drama, a step up, a signal to take the spotlight….UP NEXT…CUE

 

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We are coming to the end of this one – we love how the exteriors are coming together for our new building at Aksarben Village!  A few minor finishes outside, then the sidewalks and landscape – will pull the project together.  The colors blend nicely with the neighborhood.  However, many have told us the materials have really made the building take center stage.

Come on inside and you can see we have chosen to use some pretty and unique ones.  It comes together, next level living in Aksarben Village, CUE.

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Alchemy Development presents: A New Urban Living Development located in Aksarben Village.

Alchemy Development presents:  A New Urban Living Development located in Aksarben Village.

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Located in a neighborhood with history; and now, with a great Vibe – progressive, education, youthful, urban.  Around the corner from shopping, entertainment and Stinson Park events; the new buildings will be a part of Pinhook Flats.

These new buildings will have a combined 53 apartment homes:  Studios, One Bedrooms, Two Bedrooms, Two Bedroom Lofts.  Each having its own washer and dryer and beautiful finishes.  Each apartment will have access to garage parking, trash chute, recycle program andhave access to Pinhook Flats amenities.

Combining the practical needs of life with urban living spaces for those aspiring to an elevated lifestyle –

             Upscale Living…Next Level Lifestyle.              CUE “Up. Next.”

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OWH: Aksarben Village has another $82 million in development planned

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By Cindy Gonzalez / World-Herald staff writer

An additional $82 million in new construction projects headed to Aksarben Village — more office, retail, apartment and parking structures — will close up a couple of the biggest gaps left at the 70-acre midtown Omaha campus.

Not all of the tenants have been secured for those proposed properties, but developers say the village’s history suggests that won’t take long.

And except for a few hitches, such as the scrapping of a plan for owner-occupied town houses, the ongoing transformation of the old Thoroughbred racetrack grounds near 67th and Center Streets continues better than expected, said lead developer Jay Noddle of Noddle Cos.

So far, he said, the investment on projects built, under construction or planned at the village totals about $500 million. Original estimates a decade ago were about $150 million. That is just the village portion, not First Data Corp. or university-related buildings on the larger former Aksarben site.

City Planner Bridget Hadley said spinoff activity and property improvements in and around the village are what the city had hoped for: “Not only bringing forth more density, but a vibrant mixed use of work, play, entertainment and living options,” she said.

The latest changes, according to documents submitted to Omaha planners, total more than $82 million and seek $9.75 million in tax increment financing. The plans call for:

» An 80,000-square-foot office, retail and restaurant building on the corner of 67th Street and Mercy Road. A large corporate user reportedly has committed to occupying the top level of what would be a three- or four-story structure.

» A four-story retail and residential building fronting Frances Street that would have 10,000 square feet of retail and apartment lobby space on the ground floor; upper floors would contain 21 apartments.

» Another four-story building with 40 apartment lofts, facing west with a view of College of St. Mary softball fields and campus.

» As announced six weeks ago, a five-story building with Pacific Life Insurance Co. as anchor on the northeast corner of Mercy Road and Aksarben Drive. Restaurants, other retail shops and offices would occupy the rest.

» An 880-stall, four-story parking garage, replacing an existing surface parking lot and connecting by sky bridge to the Pacific Life building.

» About two blocks to the east, southwest of 64th Avenue and Frances Street, two apartment buildings. The largest would have four levels, 45 units and 31 parking stalls. A three-story eight-plex is designed in a “walk-up” style. Parking for both would be available in an existing garage servicing nearby businesses.

Construction on the Pacific Life building and connected parking garage are to begin soon, with opening of the office structure expected late next year, planning documents said. The other office and housing structures in the entertainment zone are to be done either next year or in 2016.

The other apartments are to be completed by fall 2016.

The TIF funding, a tool that allows property tax revenue from new construction to pay some redevelopment costs, is to be a topic at today’s City Planning Board meeting.

Alchemy Development, which is planning the new apartments at 64th Avenue and Frances Street, already has developed 183 other units at Aksarben Village. The next group would resemble the existing Pinhook Flats buildings, said Alchemy owner Bert Hancock, but have a distinct name and feature red and bold color elements to complement the neighboring DLR Group.

“We want to have an impressive corner element so when you’re looking from the new arena it will really attract people’s attention,” Hancock said, referring to the $88 million sports arena that the University of Nebraska at Omaha is to open next year at 67th and Center Streets.

Earlier plans by Noddle Cos. had called for the Alchemy site to be 21 upscale “live and work” town houses, the first owner-occupied residences in the village. But Hancock said people who could afford the homes typically are older and don’t like all the stair-climbing.

“If everything had gone as planned, there would have been more town homes, but that market really evaporated in the recession,” Hancock said. “We adjusted course, added apartments and everybody is happy. It has added to the amount of people that live and work in the area.”

The other proposed apartments and office/retail structures are projects primarily of Magnum Development and McNeil Co., which previously partnered on Aksarben Cinema.

John Hughes of Magnum said that new chunk would, for the most part, finish off the 8-acre entertainment “Zone 5” bordered by Stinson Park, Aksarben Drive (parallel to the Keystone Trail), 67th Street and Frances Street. (Also in that zone is the theater and businesses including DJ’s Dugout and Aspen Athletic Club.)

Securing TIF funds is an important part of making the proposed parts fall into place, Hughes said. He said he is in negotiations with various tenants to fill the space.

The land remaining lies mostly in Zone 6, the vacant block where the $50 million Waitt Plaza is to rise. Announced six months ago, the eight-story office and retail building with a parking garage is scheduled to be completed at the northeast corner of 67th and Frances Streets by early 2016.

Plans for that block call for two other office/retail buildings. Noddle said marketing and tenant recruitment for all three has ramped up.

A few property patches “here and there” remain and could become homes to various users as the village further matures, said Noddle. “It’s those little eclectic pieces that get filled in and really round out the mix in the village.”

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Pinhook Flats Phase 2 Now Open

Alchemy Development is excited to announce that we have completed our new building at Alsarben Village. We have more studios, ones and twos at Pinhook Flats.

Overland Constructors of Millard built it and Barb Terry made sure it had the special sauce. Humphreys Architects from Orlando drew it up.

Here’s a photo we took on a sunny February day.

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The Omaha World-Herald highlights the new development activity at Aksarben Village:

Gimme some skin.

PUBLISHED WEDNESDAY, AUGUST 8, 2012

Even more projects popping up at Aksarben Village

By Erin Golden
WORLD-HERALD STAFF WRITER

The empty lots between the shops and apartments and restaurants at Aksarben Village will soon be a thing of the past.

With a series of just-announced plans — including a new hotel, corporate headquarters and hundreds of new residential units — land in the development is all but accounted for. Within the next three years, developers said Tuesday, the area around South 67th Street, from roughly Pine Street to West Center Road, will see another $100 million in projects and become a hub for hundreds of additional residents, workers, shoppers and diners.

“As exciting as the village is right now, I think it’s going to double in size,” said Dana Bradford, CEO of Waitt Company, one of the developers of the project.

What’s coming soon:

» A 119-room Marriott Residence Inn, next door to the Marriott Courtyard already in the development.

» More than 230 new residential units, ranging from apartments to town houses to luxury condos.

» A 60,000-square-foot retail building that could hold about 10 shops and restaurants.

» A 150,000-square-foot office building, which will include 40,000 square feet of retail space on the ground level.

The new plans follow the weekend announcement of other projects in the works: a new location for sports bar DJ’s Dugout and the new corporate headquarters of retailer Gordmans, in a separate, new 105,000-square-foot building. Construction crews have already broken ground on several of the projects, and others should be under way by next year. Bradford said all of it should be wrapped up by 2015. Renderings for Aksarben’s new additions show the same modern design theme of the current buildings, which include a movie theater, shops, apartments and office space.

Bradford said that new, sharp design, coupled with the growing popularity of Aksarben Village as a destination for dining, concerts and other entertainment, is a big draw for residents — particularly with younger people. “One of the things we’re hearing is people want to have that urban environment, that energy, that density — but they don’t want to have a 100-year-old apartment,” he said. The new residential projects are being built by different developers. Alchemy Development, which built the Pinhook Flats apartments, is adding another 63 units. Broadmoor Development is adding 40 new units — one- and two-bedroom town houses with garages — this fall and will build another 108 apartments early next year. Noddle Cos. is building 21 luxury condominiums and town houses near 64th Avenue and Frances Street. Those homes were announced last weekend.

The Marriott Residence Inn, aimed at visitors in town for several days at a time, will build on the successful run of its sister hotel next door, said Tom Deutsch, senior vice president of the Overland Park, Kan.-based RHW Company. “There are a lot of businesses, corporations located in the immediate area that are not served by this type of product,” he said. Deutsch said that construction will begin late this year or early next year and that the hotel should be open by July 2014.

Developers aren’t saying yet who they have lined up for the retail and office space, but there appears to be plenty of interest. John Hughes, president of Magnum Development Corp., said he’s been fielding more serious requests from businesses — primarily restaurants and clothing boutiques — than he can accommodate in the 60,000-square-foot facility his company is building near Aksarben Cinema. He said those businesses will be run by local, rather than national, companies. So, too, will a nearby 1,800-square-foot bar and “gathering place” Magnum is working on. “Everything in the village has a local feel,” he said. Some of the clothing boutiques looking at the building have other locations in the area. Hughes said he expects to work out deals with the tenants over the next several months.

Other new office and retail spaces don’t yet have tenants lined up, but Bradford expects that will happen quickly once the development gets moving. “We think we actually have to go forward and build the space,” he said. “Once they see how the environment is going to be from a retail perspective, then we feel we can start to attract retailers.” Bradford expects the influx of traffic from new residents, hotel guests and workers — some 500 to 600 employees could be in the office buildings — will be a draw for both shops and event organizers. “(Aksarben Village) is a great asset for Omaha,” Bradford said. “And it’s going to get even better.”

Pinhook Flats, Phase Two: Framing on top, please

Nothing keeps you dry and safe like a concrete garage with an elevator right to your floor. Now its time to put the apartments on top. Just putting the finishing touches on the wood framing. It’s a beautiful day in Omaha.