Goodwin Industries, LLC: Wirt Street Mixed-use Development

ID

105

OrgName

Goodwin Industries, LLC

PhysicalAddress

MailingAddress

PO Box 11524 Omaha, NE 68111

Website

SocialMediaAccounts

Name

Daniel M. Goodwin, Jr.

Title

President and Site Owner

EmailAddress

dannygoodwin@msn.com

Phone

+1 (531) 721-6000

Team

Yes

TeamExplanation

Daniel and LaVonya Goodwin are real estate investors with over 20 years of experience. Daniel M. Goodwin, Jr. serves as the property manager. The company has a real estate portfolio of commercial and residential properties. As property owners and managers of five properties and tenants, Daniel and LaVonya Goodwin have overseen numerous renovation projects and worked with various contractors and craftsman. Consultants and additional professionals are being assembled for this team.

OrganizationalChart

Daniel M. Goodwin, Jr. is the president of Goodwin Industries, LLC. LaVonya Goodwin is the vice-president of Goodwin Industries, LLC. There are no other officers in the company.

OtherCompletedProjects

In 2015, Daniel M. Goodwin, Jr. led an internal renovation project of Goodwin’s Spencer Street Barbershop. The renovation included: tuck-pointing and insulation of the south wall; installation of a new subfloor; vinyl flooring, new sinks, new work stations, paint and remodeling of the men and women’s bathrooms. Goodwin Industries successfully completed a $350,000 CDBG renovation project of Goodwin’s Spencer Street Barbershop, 3116 North 24th Street, Omaha, NE 68110 in 2021. Goodwin’s Spencer Street Barbershop 3116 North 24th Street, Omaha, NE 68110 (general commercial retail) 4111 North 18th Street, Omaha, NE 68110 (single-family residence) 3106 North 24th Street, Omaha NE 68110 (general commercial, vacant) 2510/2512 Ames Ave. Omaha, NE 68111 (multi-family 4-plex) Global Leadership Group Community Garden 3118 North 24th Street, Omaha, NE 68110 (general commercial)

ProposalTitle

Wirt Street Mixed-use Development

TotalBudget

9614127.0

LB1024GrantFundingRequest

3182636.0

ProposalType

Capital project

BriefProposalSummary

The Wirt Street Development is located at 3106 North Street 24th, the former location of Reed’s Ice Creams production facility on the northwest corner of a historic intersection on North 24th Street. To the south is the former Urban League building. To the southeast is Heart Ministry Center, a food pantry and laundromat. Directly east is the Calvin Memorial Presbyterian Church, which is historically designated and featured in a 1966 documentary, A Time for Burning. The Wirt Street Development is a 3-story mixed-use development, 1st floor commercial, 2nd and 3rd floors residential. 1, 2, and 3 bedrooms, mixed-income apartment units the development plans for 28-units There will be seven one-bedrooms; 18 two-bedrooms and three three-bedroom units. The commercial floor will be marketed to house a café or small grocer. This is an infill development project which is currently located on a vacant lot. The lot sits on 0.437 acres and is currently zoned General Commercial District. Forever North recommends Neighborhood Business District with an ACI overlay. Site demolition and clearance is needed to remove remnants of foundation and basement. The land is owned by Daniel M. Goodwin, Jr. and LaVonya Goodwin. If financing is secured planning for the project could begin as early as Q2 of 2023.

Timeline

Additional dates and timelines will be development with an architect and developer.

PercentageCompletedByJuly2025

1.0

FundingGoals

Fundamental Change (i.e., a proposal that will continue to elevate North or South Omaha's presence and perception within the region, significantly improving the lives of area residents through physical development) Long-Lasting Economic Growth (i.e., a proposal that will foster gainful employment opportunities and financial investment in the area, leading to the creation of generational wealth and widespread economic vitality in North and South Omaha) Transformational (i.e., a proposal that will help energize, recharge, or spur significant and favorable advancements in North or South Omaha's function or appearance)

Community Needs

Quality of Life (i.e., create or enhance natural spaces, mixed uses, parks, safety, etc.) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

The Wirt Street Mixed-used Development is located within the Neighborhood Action and Facts (NAAF) area from 24th and Wirt to Ames Streets north to south and 24th to 27th Streets east to west. The primary problems facing the residents of NAAF are: high rates of poverty, unemployment, and deteriorated economic and physical conditions. (City Planning 2016) The Wirt Street Mixed-used Development will activate the 3106 North 24th Street lot which has been vacant since the 1980s. The three-story new construction will have two residential floors and house 28 mixed-income apartment units. The first-floor commercial level will be marketed to attract necessary amenities to the area (there is potential for outdoor community space, a corner store, coffee shop and/or café). This development will beautify the entire project site with landscaping and lighting, which will promote safety in the area. Site improvements include: clearance of the cement loading dock and building foundation, new sod, and outdoor seating. A mixed-income apartment complex will provide housing opportunities for low and middle-income residents alike.

VisioningWorkshopFindingsAlignment

The Wirt Street Mixed-use Development will encourage economic growth and community revitalization. The upgrade and beautification of the three parcels Wirt to Spencer Streets is essential in the continual expansion of revitalization on North 24th Street. Currently, there is an abrupt disruption of development that ends at 24th and Ohio Street. The finding in the Visioning Workshop identified North 24th Street as a target area for LB1024 and ARPA investment dollars.

PrioritiesAlignment

The ratio of nonprofit businesses to for profit businesses on the North 24th Street Corridor is disproportionate. A recent count of a listing of organizations on the Corridor indicated that there are roughly 3 nonprofits for every for-business. The North 24th Street Corridor needs economic stimulation through the creation of viable for-profit businesses. There is also a need to build more rooftops in order to justify the need for amenities like grocery stores and other basic services.

EconomicImpact

There is an anticipation of 75 construction jobs associated with this proposal.

EconomicImpactPermanentJobsCreated

There is an estimate of 5-15 permanent jobs created. Which include management and maintence of the residential properties and jobs created by the business within the commercial space.

EconomicImpactTemporaryJobsCreated

75

EconomicImpactWageLevels

This project will pay at or above fair market wages in alignment with federal guidelines for HUD projects.

EconomicImpactAlignProposedJobs

Collaboration with Metropolitan Community College and construction industry trade unions can help to align proposed jobs for workers in the Qualified Census Tracts.

CommunityBenefit

It is essential for this area to be revitalized to improve the holistic well-being of the residents in NAAF. This project will serve the residents, business owners and property owners of North 24th Street by demonstrating revitalization at a grassroots level. The renovation of the Wirt Street Mixed-use Development will make a significant statement of revitalization that showcases community, ownership and pride. Many people in urban areas like North 24th Street are fearful that revitalization means the displacement and disenfranchisement of people within the community. the Wirt Street Mixed-use Development where the original owners are a part of the development process, will show that urban renewal does not have to take place at the expense of the people who live in the community.

CommunityBenefitSustainability

There are close to 100 acres of vacant lots from HWY 75 to 20th Street, Cuming to Ames, many of which are overgrown and treated as dumping sites. New housing constructions will aid in economic growth by increasing the owner’s equity in the property, while improving the comparable property values of the North 24th Street area. According to a 2017 Omaha World Herald article, properties have experienced an overall “decrease of 8 percent of 20,000 properties in north Omaha.”

BestPracticesInnovation

The Wirt Street Mixed-use Development can demonstrate innovation by aiding revitalization in a historically African American community, while maintaining African American ownership and building African American wealth without mass displacement.

OutcomeMeasurement

1) Timeliness 2) Fiscal responsibility 3) Increased housing 4) Increased patronage 5) Overall project renovation and site beautification 6) Number of families who move back to the area 7) New microbusinesses and incubator restaurants 8) Any additional measures or reporting required by the LB1024

OutcomeMeasurementHow

Outcomes can be measured by the project consultants, developer and site owner.

OutcomeMeasurementCoinvestment

Yes. This project could be a catalyst for co-investment. This opportunity has not been explored.

Partnerships

Yes

PartnershipsOrgs

We are willing to discuss the opportunity to partner with other organizations.

PartnershipsMOU

Displacement

No

DisplacementExplanation

PhysicalLocation

3106 North 24th Street Omaha, NE 68110

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

Pictures and maps of site and surround area, proof of ownership,

PropertyZoning

Yes

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

Yes

DesignEstimatingBidding

No

DesignEstimatingBiddingPackageDeveloped

No

DesignEstimatingBiddingCostsDetermined

Cost were determined through Spark Developer Academy.

GeneralContractor

No

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

GrantFundsUsage

LB1024 grant funds will be used as gap financing for this project.

ProposalFinancialSustainability

No

ProposalFinancialSustainabilityOperations

This project will be sustained through residential and commercial rents.

FundingSources

LB1024 $3,182,637.00 Front Porch $1,500,000.00 QCT Affordable Housing $1,629,000.00

FundingSourcesPendingDecisions

Bank $3,052,490.00

FundingSourcesCannotContinue

Scalability

Yes. This project could potentially be scaled up to descrease cost per square foot.

ScalabilityComponents

CONSTRUCTION Commerical $268/sq ft $2,335,620.00 Residential $240/sq ft $4,183,200.00

FinancialCommitment

The property owners will bring land equity as well as bank financing to this project.

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

FileUploads

Additional Location Documents (see application for list) Documentation of site control (proof of ownership, option, purchase contract, or long-term lease agreement) Plans and detailed descriptions, including pictures and a map of the site location/surrounding area Proposal Budget/Sources and Uses