Midtown Area Revelopment

Mutual of Omaha's subsidiary, Turner Park North, LLC, continue to acquire other properties west of Mutual's existing Midtown Crossing development.  They have acquired the north half of the block south of the Twin Towers, and much of the property east of it.  The National Indemnity portions of the south half of the block south of the Twin Towers may soon be on the market, as National Indemnity is moving.


Developers Making Plans for North Tower Site. Turner Park North, the Mutual of Omaha subsidiary that manages the development of Midtown Crossing, is in the process of preparing concepts for the potential redevelopment of the North Tower site and other properties surrounding the Twin Towers. Some of their plans may depend upon obtaining approval from the required percentage of ownership in the Twin Towers condominium regime for changes to the surface parking, underground parking and zipper parking.

While Turner Park North is still several months away from being in a position to engage in communication with unit owners about the proposed redevelopment, or to seek their consent to any necessary amendments, in November of 2015 it took the neighborly step of notifying the association board that planning is underway so that the board can consider the implications before undertaking work on areas that may be affected, such as surface parking repair. This may prove to be a wonderful development opportunity that enhances the value of all of the Twin Towers units.


Links to news reports:

November 24, 2013 Mutual Acquiring  

January 27, 2014 Debate Looms 

February 10, 2014 Showdown Looms Over Historic Apartments (KETV Video)

February 12, 2014 Landmark Commission Vote Postponed  

March 12, 2014 Landmark Commission votes not to remove landmark protection

May 7, 2014 Omaha Planning Board votes to strip Clarinda-Page's historic landmark protection

July 2, 2014 Omaha City Council votes to strip Clarinda-Page historic landmark protection

July 9, 2014 More apartments for midtown Omaha in new and renovated buildings

November 9, 2014 Clarinda Page Demolition

April 21, 2015 National Indemnity Moving

 

Midtown Cross Area Development

The illustration above has been modified from the original to show Turner Park North's acquisition of the Clarinda Page lot and the lot on southwest corner of WCA parcel, and to identify National Indemnity site, the zipper parking and the Runza lot