CO2 - New Midrise at 1502 S 10th Street

Downtown, Midtown, and all parts east of 72nd.

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Brad
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CO2 - New Midrise at 1502 S 10th Street

Post by Brad »

New Midrise at 1502 S 10th Street

I just noticed on Dicon's FB page they are going to build a new LEED Certified Mid-rise building at 10th and Worthington (Pine)

Here is the location.
Image

There is a rendering in FB if someone can snag it.
Last edited by Brad on Tue Jan 24, 2012 3:24 pm, edited 1 time in total.
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delinea design
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Post by delinea design »

Very cool project.
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Post by the1wags »

Something for Grace U? Residential?
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Post by cdub »

Residential.  They would like to do a rather undefined commercial bay but that doesn't comport with the 10th St NCE.  The building is a little modern for some tastes from what I have heard so far.
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Post by almighty_tuna »

4 story, 9 unit building with underground parking.

Image
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Bosco55David
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Post by Bosco55David »

Awesome!
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iamjacobm
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Post by iamjacobm »

Really modern, but it looks super cool and another LEED building is good news!
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GetUrban
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Post by GetUrban »

Nice! I hope they don't cave into the neighbor's reactions and water-down the design. People should trust their architect and not restrain design possibilities.
He said "They are some big, ugly red brick buildings"
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StreetsOfOmaha
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Post by StreetsOfOmaha »

Whoa! What an awesome, out-of-left field announcement!

Could this be in anticipation of a streetcar line???  8)
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iamjacobm
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Post by iamjacobm »

StreetsOfOmaha wrote:Whoa! What an awesome, out-of-left field announcement!

Could this be in anticipation of a streetcar line???  8)
If not that maybe just more density in the area.  This kind of project could be the perfect compliment to the Giovanna and Little Italy Towns and help even more developers see the potential in the area.  

http://eomahaforums.com/phpBB/viewtopic.php?t=10599

In that thread I said one of the things on my DT wish list was more living options south of DT, I guess it came true!
StreetsOfOmaha
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Post by StreetsOfOmaha »

There are a couple good infill sites along 10th Street where there are double vacant lots. I hope this trend continues!

It would be great to see some live-work spaces incorporated into the infill
"The right to have access to every building in the city by private motorcar in an age when everyone possesses such a vehicle is actually the right to destroy the city."
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TitosBuritoBarn
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Post by TitosBuritoBarn »

Whoa. That looks like a fun building to live in.
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Post by nebport5 »

There's a Dicon sign that's been put up recently on site.
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Post by JPenny »

I drove by this project tonight and it is really coming along! It has quite a presence from the street!
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Brad
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Post by Brad »

Dicon has some photos of progress on their FB page, but nothing too recent.  That place is going to have a decent view of the Omaha Sklyline.
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Post by Coyote »

Image
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Brad
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Post by Brad »

Wow, that's bigger than I expected!  

Thanks for all the updates this week!
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Post by Linkin5 »

Thanks coyote!  You need to come back more often you are doing awesome with the photo updates!
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iamjacobm
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Post by iamjacobm »

Thanks for the update!  This project is called CO2 on 10th.

Image

Image

http://co2omaha.com/
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Seth
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Post by Seth »

Very cool, thanks for the update!  I drove by there a while back and was amazed at the scale of construction on the site (they must have had that crawler crane idle at their yard because I don't see anything big enough to require it).

While it doesn't look like the historic structures in the area, I think this project is a good fit for the area.  It's almost something I'd expect to see in Denver or Portland where old neighborhoods that were gutted over the past several decades have been infilled with tasteful modern structures alongside renovated turn-of-the-century buildings.  The contrast even emphasizes the new interest in urban living and the revitalization of long-forgotten parts of our built landscape.

Overall, this seems to bode well for the growth of redevelopment in three directions from downtown/old market.
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Post by StreetsOfOmaha »

Wow.

I had no idea construction had even started!

Yeah, like Seth mentioned, I think this is definitely just one more sign that Omaha is reaching a new level of maturity in its urban development.

My fiancee and I know the architect, and we are so excited to see this happening!
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iamjacobm
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Post by iamjacobm »

Damn I didn't look at the floor plans before.  These apartments are going to be really expensive I bet.
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Post by OmahaChef »

Expensive, no doubt.  But with amazing views of downtown from the rear apartments.  I live downtown, and from my place, I watched the concrete elevator shafts go up, and can see the steel structure.  Totally, unobstructive views of downtown.
Always a business-oriented city hungry for growth and focused on development with laser intensity, Omaha aimed high, reached for momentum and found critical mass.
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Brad
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Post by Brad »

Dicon Construction posted a punch of pics on their FB Page.

Image
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Brad
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Post by Brad »

Quick photo from Monday:
1.
Image
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Post by windsor »

Another impressive construction project close to downtown.  Its awesome to see the amazing things this community is doing despite the recession.  Great work Omaha.
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iamjacobm
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Post by iamjacobm »

:shock:

http://www.forrent.com/apartment-commun ... 066371.php

The Penthouse is listed at $4250 a month.
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S33
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Post by S33 »

What demographic has the money to pay over 4 thousand dollars a month to [rent] an apartment and not have the interest in paying 4 thousand into a property where they could build equity - especially in a solid real estate market such as Omaha?
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Big E
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Post by Big E »

Start crunching the numbers and it makes a certain amount of sense...

A ±3500 sqft unit is listed at jLofts right now for $1.2 million.  Property taxes alone on that are going to be $25,000 a year.  Then add HOA.  If you've got the resources to drop $1.2M on your home, you're probably going to realize your rate of return on most other investments is going to be higher than on a home in Omaha in 2012.  Why pay 5% on a loan for a house that isn't going to appreciate when you can earn 5% elsewhere?  Plus you're not responsible for maintenance of any kind.  I can think of probably a dozen other smaller reasons to rent at that level. *

Then the real biggie: good luck unloading it when you're done with it.  You're going to pay a real estate agent $60,000 to sell it.

That being said, I definitely agree that demographic around here is going to be limited.

* More free advice: if it flies, floats, or f|expletive|ks - rent.
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S33
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Post by S33 »

Yeah, I guess I oversimplified it. I was looking at it from the angle of "why would I give up over 4,000 a month with nothing to show for it". But yes, it's very expensive to own something expensive.
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Post by joeglow »

iamjacobm wrote::shock:

http://www.forrent.com/apartment-commun ... 066371.php

The Penthouse is listed at $4250 a month.
Who would pay that much for a view of Grace University?
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Post by ricko »

Rick Santorum?
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CO2 10th street

Post by royce maynard »

Here is a link to the Dicon photo bucket site that has some pictures from two weeks ago, check back for periodic updates.  very cool project.  

http://photobucket.com/January262012
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Brad
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Post by Brad »

According to Dicon's Facebook Page, this project will include a Coffee Shop - Pending City Approval.
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iamjacobm
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Post by iamjacobm »

Brad wrote:According to Dicon's Facebook Page, this project will include a Coffee Shop - Pending City Approval.
Cool!  I hope it gets passed.
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Post by Coyote »

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Post by BRoss »

I just signed it.

I can't believe the city would block this.
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Post by Globochem »

PLEASE let someone do good coffee.  Please!  Good, unburned coffee.  Freshly house roasted.  Pour over.  Siphon.  Chemex.  La Marzocco.  V60.  Ristrettp. Capuccino in gibralter glasses.  Latte art.  I want, I want, I want.
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Post by cdub »

How about take an existing properly zoned commercial building and put some money into that.  First, no coffee shop will survive, which is why that hasn't happened.  This is simply a person with more money than they know what to do with who wants a coffee shop in the building.  It doesn't even comport with the brand new 10th St plan that the neighborhood worked on.  That plan already added more commercial to the corridor than it need in the hopes that if the density of housing increased it would be warranted.  Certainly the density has not increased yet.  

Success in these types of corridors occurs when you can get a node or nodes of activity.  When things get stuck wherever a particular owner wants them without regard to the big picture it usually ends up marginal or worse.
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S33
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Post by S33 »

Globochem wrote:PLEASE let someone do good coffee.  Please!  Good, unburned coffee.  Freshly house roasted.  Pour over.  Siphon.  Chemex.  La Marzocco.  V60.  Ristrettp. Capuccino in gibralter glasses.  Latte art.  I want, I want, I want.
And here I thought it was as simple as a few scoops of folgers into my Cuisinart coffee maker. Maybe even a little coffee-mate creamer.
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