Plans submitted for $200M mixed-use project in US

WCN Editorial Team 24 Apr 2017 NORTH AMERICA BUILDINGS

Tetrad Property Group (TPG) has submitted plans for a $200M mixed-use development in Omaha [pictured], Nebraska.

The project will redevelop the site of the former Omaha Civic Auditorium at 17th and Capitol.

The development is expected to cover an area of about 68,750 sq m, and will include retail, fitness, civic, office and residential space. Plans also include the construction of a new downtown public library.

Zach Wiegert, TPG CEO, said: “The proposal submitted to the Planning Board reflects a mixed-use project for the site.

“We envision retail, grocery, fitness, civic buildings, office and residential uses for the property. These projections are based on new market studies and informal research conducted in conversations with neighboring property owners.”

Mayor Jean Stothert said: “Our vision has always been a high-quality, mixed-use development on this prime downtown real estate.  We’re enthusiastic about TPG’s plan.”

The Omaha Planning Board is expected to review the application at its May meeting.

* For more information on the US construction market, visit the Construction Intelligence Center Report Store.

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