The project site consists of five parcels located at the southwest corner of 72nd and Farnam Street. The site previously contained aged structures for retail, service and restaurant uses. The project will revitalize a prime corner of Omaha and bring a higher density, vibrant residential and commercial space with a mixed population base right next door to the new Omaha library and the Crossroads project.
The proposed project includes the new construction of a five-story building that will include commercial retail space and parking on the first two levels. There will be approximately 176 apartments, a clubhouse for residents, and two small commercial tenant spaces.
Near the 72nd Street frontage of the building, there is a planned ground-level cut out that would function as a drive-through site for the commercial tenants.
The apartments will consist of approximately 24 two-bedroom units, 96 one-bedroom units, and 56 studio units. Rent will range from $1195 to $2,600 per month with an average of approximately $1,550 for a standard one-bedroom unit.
The development team has discussed the project with the current commercial tenants and has made them aware of the possible redevelopment of the site.