It is about to usher in an entirely new era in downtown Omaha. Although it has been a craze in major metropolitan areas throughout the United States, Omaha, for years, has lacked a true, urban, trendy, highrise apartment building. Sure, there are buildings like the Opheum Tower, Riverfront Place, and others who boast the amenities of highrise living, but few will be able to match the dream that is about to become reality thanks to NuStyle Development Corp.
Acquired in July of 2012 by NuStyle for the price of $2.3 million, 2223 Dodge Street has been a long vacant eyesore in the heart of downtown Omaha. Strategically located between booming Midtown and the bustling urban core of downtown Omaha, the building has sat dormant and unoccupied since 2002.
Ironically, the new towering testament to the strength of downtown, the building once served as the headquarters of American’s symbol of corporate greed and dishonesty.
Enron Corp, formed through Omaha based Northern Natural Gas’ acquisition of Huston Natural Gas, Interon, as it was initially named, called the building home for many years. In hindsight, it may have been a sign of things to come. After promising to keep their corporate headquarters in Omaha, CEO Kenneth Lay moved the company, almost overnight, to the city of Houston. In the years after their departure, the building changed hands multiple times. Although it was updated many times throughout the 1990s, its last tenants vacated in 2002. Omaha’s third largest structure (at the time) was now vacant. In 2001, it appraised for a stunning $11.8 Million.
Despite its tumultuous past, NuStyle saw an opportunity for growth. After realizing the success of their most recent project, the Bank, which converted the former Farm Credit Building at 19th and Douglas into apartments, it was clear that the site, located just blocks from the Joslyn Art Museum, Central High School and Creighton University, was ripe with potential. Soon, the $30 million conversion project will boast 180 to 200 apartment units with amenities such as a rooftop patio, theater, a state-of-the-art fitness center, and breathtaking 360-degree views of downtown Omaha that will be a sight to behold.
Thanks to the investment by NuStyle, this once prominent address will become the Highline, one of the most sought after residential addresses in downtown Omaha.
For more information visit: http://www.thehighlineomaha.com/
Source: The Omaha World-Hearld