151
NOC Redevelopment Group, LLC
3819 N 24th Street Omaha, NE 68110
PO Box 11515 Omaha, NE 68111
www.nocomaha.com
Greenwood_OMA (FB/IG) pages under construction
Kyle Keith
Partner
nocredevelopmentgroup@gmail.com
+1 (402) 320-7272
Yes
Kyle Keith, Partner and Katrina Adams, Partner; Blair Freeman Group, General Contractor; Holland Basham, Architects
Kyle Keith and Katrina Adams are co-owners/partners on this project.
- Awarded RFP and purchase agreement for this project with the City of Omaha - Secured $1.9 million in public and private funding - Passed a TIF proposal over $200,000 through the Omaha Planning Board - Established relationships with community residents, local legislators, developers, banks, construction, and architecture firms to complete this project
The Greenwood Building
3700000.0
1500000.0
Combination of capital project and service/program
NOC Redevelopment Group, LLC, a Black-Owned development firm, is purchasing the former Native Omaha Club building (24th and Laird) from the City of Omaha. Our plan leverages a mixed-use design that features affordable, workforce housing, a breakfast restaurant with outdoor patio seating, flexible community space, and office suites. After renovation, the building will be rebranded the "Greenwood Building" [in honor of Black Wall Street in Tulsa, OK] creating the focal point of the growing neighborhoods around 24th and Laird. The project will be complete well before 2026.
- City of Omaha RFP Award – March 2021 - Raise of Initial Capital – November 2021 - Site Survey & Geotech Report – March 2022 - Rezoning (begin) – April 2022 - Schematic Designs – June 2022 - Construction Documents: Aug 2022 - TIF (begin): August 2022 - Bidding & Permitting: October 2022 - Front Porch Investment Funding Disbursement: November 2023 - Construction begin November 2022 - CDBG Funding Disbursement: Winter 2022 - Lease Up: March/ April 2023 - First Floor Completion: June 2023 - Soft Grand Opening: July 2023 (Native Omaha Days) - Full Grant Opening: early 2024
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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)
Other Infrastructure (i.e., develop or improve broadband, business districts, roadways, sewer, etc.) 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.)
NOC Redevelopment Group, LLC, a Black-Owned development firm, is purchasing the former Native Omaha Club building (24th and Laird) from the City of Omaha. Our plan leverages a mixed-use design that features affordable, workforce housing, a breakfast restaurant with outdoor patio seating, flexible community space, and office suites. After renovation, the building will be rebranded the "Greenwood Building" [in honor of Black Wall Street in Tulsa, OK] creating the focal point of the growing neighborhoods around 24th and Laird. This project addresses three of the identified community needs as described below: - Sustainable Community: Create stable livable waged jobs opportunities for community and meaningful relationships with neighborhood residents and business owners - Infrastructure: Investment in retail and affordable housing inventory located in a formerly blighted building and restoring its cultural significance - Quality of Life: Provide a needed food/entertainment amenity that will be the first in market
- Providing new quality housing – 3 new affordable units – Two 2-bedroom units with One 1-bedroom unit. Two of which will be set aside for renters at or below 80% AMI. - Providing new quality office space – New office bay with reception area, large open desk layout, and 3 privet offices - New business creation – “Bar + Coffee” a new breakfast restaurant serving cultural and reginal inspired food with outdoor patio and full-service bar - Redeveloping aging Infrastructure – Activation of the former Native Omaha Club building, built in the early 1900s, birthplace of the Native Omaha Days Celebration - Location – Along an emerging node on the North 24th St corridor that has seen investment in recent years, notably by Terence ‘Bud’ Crawford, with opportunity for many more - Multi-generational Family retention – entertainment accessibility for all age groups with a focus on young adults - Jobs – Creation of both temporary and permanent livable waged jobs in construction, property management, food service, and hospitality
The Greenwood Building proposal aligns with LB1024's strategic priorities in the following ways: - Transformational – Development will not only revive a vacant structure, but will spur new interest in commercial development in area - Fundamental Change - The Greenwood Building will grow North Omaha’s identity as a commercial destination for all ages, attracting new visitors and residence alike - Long-Lasting Growth – Creation of both temporary and permanent livable waged job opportunities with increase economic vitality of North Omaha while also keeping dollars in our community longer
Over $1 million in wage creation between contractors and hired staff in first year.
12
30+
entry-level, experienced, management
- Immediate: General contractor has been specified to hire all qualified and experienced subcontractors from community for build out of space. - Ongoing: Dinning business model calls for significant vendor contracting of food providers employing 10s of professionals
- Increases foot traffic to the emerging Laird St. node - Spur new commercial development interest in immediate neighborhood - Become a multi-generational destination for the Omaha community, specifically with young adults - Create a sense of progress and connectivity to a community that feels forgotten and taken advantage of
This proposal contributes to the sustainability of the community by: - Activation of a deteriorating structure in an area with a high number of empty lots and buildings - Creates new high quality housing options offered a rate below market to allow for accessibility for immediate community members - Create livable waged job opportunities that are accessible by all levels of experience and educational level - Quality of life amenities that are non-existent to current market in the form of “Bar + Coffee”, our breakfast restaurant that will be opened in space.
The mixed-use development approach taken for the Greenwood Building is a proven concept that incorporates Live/Work/Play elements in a single location. This creates an environment with the best ability to organically grow and expand outward as it incorporates all aspects of daily life. This concept has been successful in other parts of the Omaha community as well as communities across the country especially as it pertains to revitalization efforts.
- Improved streetscape appearance - Quality housing options - New livable waged jobs - Increased foot traffic in node - Catalyst for new development in node
The outcomes listed in the previous question can be measured in the following ways: - Surveying resident and visitor satisfaction with community improvements and amenities - Amount of activated of previously unused square footage land/space - Number of additional quality units added to market - Number of additional jobs added at or above the living wage for Douglas county - Amount of new dollars invested in Laird St node by public, private, and philanthropic groups - Some of these outcomes can be measured through a community survey distributed through the North 24th Street Business Improvement District, or NONA. Individual businesses can also track some of this data.
Yes, this project will act as a catalyst for co-investment and secondary investment in the Laird St node by creating an interconnected environment of Live/Work/Play for residents and visitors that will only grow with new additions to the area.
Yes
We are developing partnerships with Omaha100, POC Collaborative, Urban League of Nebraska Young Professionals, and several neighborhood associations. We anticipate hosting programming and events for these organizations.
MOUs are in development with Omaha100 and POC Collaborative. All other partnerships are prospective/in progress.
No
The Greenwood Building is located at 3819 n 24th St. in North Omaha Nebraska in the Laird St node. The structure is a two-story brick building positions on a corner lot. To the east are single family home positions off of the 24th St vein, many are a result of Habitat for Humanity investment. To the South is a large auto repair shop. To the west are vacant lots owned by the Omaha land bank and Thomas funeral Home Inc., as well as the Thomas Funeral home itself, in operation since the 1930s. To the North are blocks of vacant lots owned by the City of Omaha and the Omaha Land Bank.
Within one or more QCTs
Please see uploads section.
Yes
Yes
Yes
Yes
Yes
Yes
No
For the purposes of the RFP process with the City of Omaha, we did not have sufficient time to conduct a public, competitive process. We reached out to businesses that we were familiar with and interviewed them to determine if there was alignment with our team and our vision for this project.
Not Available
LB1024 funds will be used for the following purposes: - Kitchen Build out - Furnishings for first floor of building - Some mechanical upgrades - Staffing - Initial Inventory
Yes
Fiscal operations will be contracted to be over seen by a local accredited accounting firm.
- Grant – City of Omaha – CDBG - committed/pending - Grant – Sherwood Foundation - received - Loan – Front Poarch Investments - committed/pending
City of Omaha - TIF - Passed Omaha Planning Board - Expected Approval November 2022
All funds are necessary for timely completion of this project
This proposal cannot be completed in smaller components as it would more costly and inefficient. However, the concept of mixed-use development is highly scalable in this node due to the number of vacant, developable lots in the immediate area.
As new developers, the only resources that we had available to us was our time and willingness to learn/dig in to the process. We learned the fundamentals of real estate development through Spark CDI, fundraising and grant writing from previous experiences, and we leveraged other resources to raise the needed capital for the Greenwood Building. This project will serve as a catalyst for future projects and demonstrate to other lay-persons, like us, that incredible things can happen within our community when ideas are activated and people work collectively.
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Additional Location Documents (see application for list) Documentation of site control (proof of ownership, option, purchase contract, or long-term lease agreement) Environmental assessment of subject site. Is the property a brownfield site? Organizational Chart Plans and detailed descriptions, including pictures and a map of the site location/surrounding area Pro Forma Proposal Budget/Sources and Uses Schedule