- - PowerPoint PPT Presentation

T U R N E R P A R K E A S T

• Omaha’s Urban Core

Omaha’s Urban Core

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• Introduce Our Team & Concept

Begin Developing a Relationship Provide a Forum for Discussion Introduce Our Team & Concept Begin Developing a Relationship Provide a Forum for Discussion

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Introductions Why Redevelop? Our Concept Partnership with Twin Tower Condominium Questions & Discussion

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• Downtown East

Midtown Exchange Marina Heights 222 Hennepin Westin Galleria

3 Block Nicollet Mall

Kone

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• 333 on the Park
• St. Paul, MN

Sundance Apartments Bismarck, ND Sundance Apartments Bismarck, ND Green on Fourth Minneapolis, MN Park West Omaha, NE Legacy Crossing Omaha, NE

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WHY REDEVELOP TURNER PARK EAST?

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Significant Investment by others

• Revitalize existing
• Significant amount of Class A office
• Housing, hospitality & retail

Leverage City Contributions

• Public-Private parking solution
• TIF Support
• Mass transit

Condo Value Proposition

• Capitalize on Midtown Crossing
• Increase property values
• Decreases annual maintenance costs
• Commitment

to Reinvest Civic Support Partnerships with Land Owners Compelling Vision & Plan

Urban Redevelopment Success Triangle

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The Gulch – Nashville, TN

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Urban Development Examples East Village – Des Moines, IA

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Urban Development Examples Downtown East – Minneapolis, MN

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REALIZING THE VISION FOR TURNER PARK EAST.

G e t t h e r e | M a k e i t | M o v e i n | G o o u t | E n j o y m o r e

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WE UNDERSTAND HOW TO SUCCESSFULLY DEVELOP THE VISION.

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Connection to underground tunnel Ensure handicap accessibility Safe and convenient walking paths Easy access to parking ramp elevator Final location for cooling tower New items we learn of today

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WE WANT TO CREATE A PARTNERSHIP WITH NEIGHBORS AND STAKEHOLDERS.

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• Sell land
• Sell individual underground parking stalls
• Terminate parking easement
• Secure interim parking solution
• Secure long term parking

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Land

• HOA Lots 9, 10, & 11 (≈ 0.3 acres)
• City owns ROW along 30th Street

Parking

• 48 underground stalls owned by

residents

• 16 underground stalls owned by Mutual
• f Omaha
• HOA easement allowing 49

nonexclusive night time surface stalls

• Parking along 30th street & Farnam

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Long Term Structured Parking

• Right to lease stalls into perpetuity
• Limited opportunity to purchase below ground parking

stalls at cost

• If lease stall, its monthly rent based on market rates
• 1 stall per condo unit
• Additional stalls available for visitors, guests, etc.

Interim Parking Solution

• 150 stalls at no cost to residents or HOA
• Location TBD by Turner Park North

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Create a partnership and win-win Contact Dave Davis or Nina Martin Ryan & Timberland available afterwards Future Town Hall

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