801S16, LLC: 801 S. 16th

ID

180

OrgName

801S16, LLC

PhysicalAddress

801 South 16th Street Omaha, NE 68108

MailingAddress

10404 Essex Court, Suite 101 Omaha, NE 68114

Website

none

SocialMediaAccounts

none

Name

Andrea Macias

Title

Development Coordinator

EmailAddress

amacias@whitelotusgroup.com

Phone

+1 (402) 408-0005

Team

Yes

TeamExplanation

Andrea Macias, Development Coordinator - 10 years, Alex Bullington, Project Manager , 7 years, Eric Wolfe, AIA/Designer (30 years), Howard Shrier, Lund Company, 15 years, Zak Olsen Ronco Construction, Melissa Gengler, Historic Consultant (20 years), AJ Campbell, Architect HBA, 20 years

OrganizationalChart

see attached.

OtherCompletedProjects

Historic Revitalizations: Hotel Deco - 89 Room Boutique Hotel Turner Court Apts - 48 unit multifamily project 1401 Jones - Omaha Public Library Project Colonial Hotel - apartment conversion, Blackstone District Liberty Campus - Grand Island Veterans Campus

ProposalTitle

801 S. 16th

TotalBudget

5918874.0

LB1024GrantFundingRequest

1500000.0

ProposalType

Capital project

BriefProposalSummary

801S16, LLC is wholly owned by DANA Partnership, LLP (dba White Lotus Group), and involves a 55,000 sf former automotive dealership building that was purchased 5 years ago. The Project, located adjacent to a QCT, is at 801 South 16th Street, or 15th and Leavenworth. Its existing use has been as a thrift store and dog daycare facility. Being located on Leavenworth, the property offers great accessibility to people interfacing with the site. Current bus routes and walkability options connect this location with the rest of the Old Market and downtown Omaha. Given its historic and existing uses, there are environmental challenges with demolition, and its neighbor's diesel engine business has caused the site to deemed a brownfield site. We are seeking the assistance of ARPA to afford to have the existing thrift store relocate to a more fitting location, allowing this project to maximize its full potential. The redevelopment would reinvigorate the top level built along the street entry and provide for 65 underground stalls which could be used by the City of OMaha for the new public library less than .25 miles from the site.

Timeline

See Attached Schedule

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) 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

Multimodal Transportation (i.e., enable connectivity through driving, biking, taking transit, walking, and rolling)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

Needs to densify major and minor arterial road opportunities enhance utilization of our multimodal transportation offerings. Taking an underutilized structure, and rehabilitating it for better use aligns with improving the qualify of life for area residents and enhancing investment in environmentally challenged areas.

VisioningWorkshopFindingsAlignment

Creating More business opportunities Developing more tech and creative spaces and evolving startup ecosystems in Omaha. Increasing density where possible

PrioritiesAlignment

Upcycling 801 South 16th should increase employment in the area It will increase investment in neighboring, under utilized assets It will improve safety both from environmental challenges as well as personal

EconomicImpact

40

EconomicImpactPermanentJobsCreated

40

EconomicImpactTemporaryJobsCreated

30

EconomicImpactWageLevels

$20 per hour to $75 per hour

EconomicImpactAlignProposedJobs

WE would implement a 5% project set aside for minority and disadvantaged subcontractors

CommunityBenefit

Leavenworth serves as a connector from East and West on the south side, and increased upcycling of structures improves safety, qualify of living and investment.

CommunityBenefitSustainability

The building is obsolete relative to today's standards, and making an investment to move the thrift store and bring in creative / tech office space would boost employment, jobs, and economics to the area.

BestPracticesInnovation

We have used global Mechanical Plumbing and Electrical engineers to evaluate and upgrade historical structures to well above code required standards. Our goal would be to employ that standrad to this project.

OutcomeMeasurement

Job Creation, Property Tax Valuations, Co-investment in the area.

OutcomeMeasurementHow

Economic Development (City of Omaha) - Invested Capital, Jobs Created, Sales Tax Revenue, Property Tax Revenue.

OutcomeMeasurementCoinvestment

Yes, it should encourage additional investment along Leavenworth and the south side of the old market.

Partnerships

No

PartnershipsOrgs

PartnershipsMOU

Displacement

Yes

DisplacementExplanation

We would move the existing thrift store; however, that move has been planned and would not negatively affect the business.

PhysicalLocation

801 South 16th Street, Omaha, NE 68108 South side between 15th and 16th and Leavenworth

QualifiedCensusTract

Adjacent to one or more QCTs

AdditionalLocationDocuments

see attached

PropertyZoning

Yes

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

No

DesignEstimatingBidding

No

DesignEstimatingBiddingPackageDeveloped

No

DesignEstimatingBiddingCostsDetermined

Comparable project being managed current with .25 miles from site (1401 Jones)

GeneralContractor

No

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

The cost to upgrade and improve an existing structure to better reflect the goals of the city and program can only be done through a soft souce (ie. ARPA).

GrantFundsUsage

The funds would be used to subsidize the design, historic consulting and rehabilitation of teh structure.

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

Our firm has a CPA/Controller that works with our engineering and construction management staff. Upon updating engineering with city of omaha public works approvals and bonding, a general construction contract alongside engineering and marketing fees defined, we would see to submit payment applications with associated lien waivers (approved by 3rd party engineer) for payment or reimbursement. That would continue until final pay application and payment.

FundingSources

We believe that federal historic tax credit equity could be used to augment. We would avoid TIF, but also utilize Valuation Incentive Program (capping property taxes for an 8 year period).

FundingSourcesPendingDecisions

We can achieve historic tax credit approval by 1Q23. Debt/Equity are already sourced, and the VIP program can be admitted upon qualifying as a historic revitalization project.

FundingSourcesCannotContinue

no.

Scalability

no.

ScalabilityComponents

FinancialCommitment

We would be providing the equity in the building and securing additional debt to bridge the historic tax credit equity and capital necessary to move the existing tenant and rehabilitate the building. We estimate ownership capital risk at over 3.5MM

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) Organizational Chart Pro Forma Proposal Budget/Sources and Uses Schedule