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REAL ESTATE: $2 million in TIF sought for $11 million hotel at former CoCo Key site

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The developer of the emerging Maverick Landing campus on the former CoCo Key hotel and water park site is seeking a public boost to defray part of the cost of a proposed $11 million hotel.

The Fairfield Inn & Suites hotel would have 85 guest rooms and be the first piece of a larger multi-use campus anticipated at the site northeast of 72nd and Grover Streets.

Developer Dan Marak of MH Hospitality has requested city approval of $2 million in tax-increment financing, not including accrued interest. His overall plan also features adjacent luxury apartments, offices and retail, but those are not part of the TIF request.

Marak said MH Hospitality has more than 350 hotel rooms under construction and five hotel management contracts in Omaha.

He recently built a 138-unit dual-brand hotel complex for Tru and Home2 Suites by Hilton near Maverick Landing.

Since 2008, Marak said, MH Hospitality affiliates have rented rooms to more than 700,000 guests in Omaha.

The Omaha Planning Board has recommended approval of the TIF request, which must still be approved by the Omaha City Council.

Heartwood Preserve apartments planned

A 550-unit apartment complex is to sprout across 14 acres of the Heartwood Preserve redevelopment site in west Omaha.

Omaha-based Broadmoor Development, founded by Tom Fellman and Howard Kooper, is behind that housing piece of the sprawling 500-acre mixed-use Heartwood campus west of Boys Town.

With Broadmoor’s purchase of the land near Blossom Avenue and 144th Street, more than 70% of Heartwood ground is now either sold or under contract, said Bart Emanuel, spokesman for master developer Applied Underwriters.

Overall, the Heartwood campus features office, commercial, residential and retail uses; trails; and 80 acres of green space.

The Broadmoor Preserve apartment complex will consist of multiple buildings and amenities. Construction is expected to start next summer.

“The personal pride of Broadmoor’s owners in the outcome of this development has given us great cause for optimism as we continue our sales and construction processes,” said Applied Underwriters Chairman Steve Menzies.

Warehouse to rise near airport

A new $21 million warehouse is to be constructed on a 13-acre triangular-shaped tract near Eppley Airfield.

The one-story facility spanning 150,000 square feet at 5906 Abbott Drive is designed for up to six tenants, the applicant said.

It will be oriented toward Abbott Drive, with service functions and a parking lot at the south end of the site, adjacent to Storz Expressway. Planners said the tract has been vacant for many years.

Developer F&J Enterprises Inc., managed by Frank Krejci, is requesting almost $3.9 million in tax-increment financing (not including accrued interest) to help cover eligible development costs.

If all goes as planned, construction could begin yet this year, with completion estimated by 2023. The developer would use landscaping to shield the parking and service bays from public view along the expressway.

The site would provide 148 parking stalls on a surface lot accessible from Abbott Drive, and outdoor space for about 50 trailers.

The Omaha Planning Board has recommended approval of the TIF request, which will now be presented to the Omaha City Council.

Church wants to build in west Omaha

All Holy Spirit Greek Orthodox Church is seeking city permission to build a religious campus at 405 S. 193rd St.

The 32,000-square-foot facility with 234 parking stalls would be constructed in phases. During that process, the congregation proposes using seven connected trailers to provide a 5,040-square-foot interim space for worship, classrooms and gathering spaces.

That temporary home would be demolished, the applicant said, after the permanent facility is done.

The congregation has been pursuing land to build a church and community center in the growing area of west Omaha since 2006.

“That journey has taken us to this property,” the church told city officials in a statement.

Omaha Planning Board members recommended approval of the permit to allow the church and a 55-foot-tall steeple to be located on the property. The request now goes to the Omaha City Council.

5-story apartment building for midtown

A five-story apartment building project that was earlier rejected for an area northwest of 30th Avenue and Mason Street now has a green light from City of Omaha planners.

The building will contain 82 rental units above a ground-floor parking structure.

City planners said earlier that the project was incompatible with the surrounding midtown Omaha neighborhood and recommended in August that the Omaha Planning Board deny the proposal. Uptown Properties LLC has since revised the plan.

The plan now calls for 80 parking stalls, 50 in the building and the rest around it. The applicant has also coordinated with the Omaha Public Power District on the location of electrical service lines on the property.

The Planning Board has recommended approval.

Row house project planned

The Dahlman neighborhood south of downtown Omaha is poised to get a 24-unit row house project.

The two-bedroom rental units would be built on a vacant acre southeast of Sixth Street and Woolworth Avenue. Proposed by Stephen Elken of City Land Venture LLC, the residences would be in two buildings, each two stories high. Front doors would face the street.

Parking is to be provided along Fifth and Sixth Streets, along Woolworth Avenue and between the two buildings.

City planners and the Omaha Planning Board have recommended approval of the redevelopment plan, which must go to the Omaha City Council.


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