Midtown Crossings. Destination Midtown Project Details on Midtown Crossing: Cost: Over $300 Million Size: 15 acres Seven buildings totaling 1 million.

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Presentation transcript:

Midtown Crossings

Destination Midtown Project

Details on Midtown Crossing: Cost: Over $300 Million Size: 15 acres Seven buildings totaling 1 million square feet 297 luxury condominium units 268 luxury apartments Furnished corporate extended stay residences 31,000 square-foot Prairie Life exec health club

More Details: Upscale five-screen movie theater Urban grocery market 220,000 square feet of retail space for restaurants, entertainment and shops Parking for more than 3,000 vehicles More than seven acres of green space in the revitalized Turner Park Community-focused Turner Park that hosts activities such as farmers’ markets, art fairs and neighborhood festivals.

LEED Certification By participating in the Neighborhood Development Certification program, Midtown Crossing will be among the first developments in the nation to receive the LEED neighborhood certification. It is the only project in Nebraska or Iowa chosen for the LEED for Neighborhood Development pilot.

What was there (2007)

Potential View of Downtown

The Dream

The Plan

Lateral View from South

Old Turner Park

Turner Park Turner Park will be expanded to the west into the actual development area, so Midtown Crossing residents, retail and dining customers will be able to interact with the park’s open landscape. With Midtown Crossing’s buildings serving as the new backdrop, Turner Park will take on a more structured urban scale through a more formal design approach. Specific improvements being planned include greater pedestrian and vehicular access to the park, enhanced landscaping, updated lighting including opportunities for holiday décor, public artwork, and new seating and amenities. The total park area will be expanded by over 1.5 acres to 7.25 acres.

New Turner Park

The Result

Economic Impact According to a study by Creighton University Professor of Economics Dr. Ernie Goss, the construction phase of the project will add approximately $420 million to the Omaha economy, support 1,003 full- and part-time jobs annually and generate $16.5 million in state and local tax revenue. Upon completion of construction and opening of Midtown Crossing, the study estimates that 2,312 jobs will be created, $472 million will be added to the city’s economy and $38.5 million in state and local taxes generated during the first three years.

Marlin Perkins would be proud!