<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2ssRKN_1GoR3Hx800" alt="https://img.particlenews.com/image.php?url=2ssRKN_1GoR3Hx800" width="800" height="500" ></figure>The Omaha Planning Board approved the Tax Increment Financing application for the redevelopment of the highrise at 1620 Dodge Street. The former office building was once home to First National Bank of Omaha. Known as the Ledger, the project will transform the building into 295 apartments.The 22-story building was constructed in 1971. At 295 feet, it is the sixth tallest building in Omaha.Led by Todd Heistand of NuStyle Development, the project is not unlike the developer’s nearby Duo project. The 700-unit Duo is still under construction on a city block bounded by 15th, 16th, Douglas and Farnam streets. The Duo project includes the renovation of the former Central Park Plaza twin towers into residential units and the construction of a parking garage and apartment building on the old Parkfair Mall site, just west of the twin towers.The Ledger will cost nearly $70 million, and $9 million in TIF will be used to help finance the project. There are only 27 parking stalls on-site, however, the developer has purchased the Central City Parking Garage immediately to the west to support this project and has a parking agreement with First National Bank for reserved stalls in two garages next to the property.Occupancy may begin as early as May 2027 on the upper floors. Completion is anticipated in late 2027.The Omaha Press Club, which has occupied the top floor of the Ledger building for more than 50 years, will remain.Photo above by Brad Williams</div></body>

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The Omaha Planning Board approved the Tax Increment Financing application for the redevelopment of the highrise at 1620 Dodge Street. The former office building was once home to First National Bank of Omaha. Known as the Ledger, the project will transform the building into 295 apartments. The 22-story building was...

Planning Board Approves TIF for Downtown Highrise Conversion

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The Omaha Planning Board approved the Tax Increment Financing application for the redevelopment of the highrise at 1620 Dodge Street. The former office bui

Planning Board Approves TIF for Downtown Highrise Conversion

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