263
Lincolnshire Investment
10635 South 189th St, Omaha, NE 68136
https://lincolnshireinvestment.com
Mike Sullivan
President
mike@lincolnshireinvestment.com
+1 (402) 480-5143
Yes
Tony, Bobby, & Mike Sullivan - General Partners, Andrew Conzett - Architect (Conzett Architecture), Joe Zadina & Jeff Spiehs- Civil Engineers (Lamp Rynearson)
Lincolnshire Investment: Mike Sullivan IV - President Tony, Bobby, & Mike Sullivan - General Partners We are a family owned & operated real estate company with 4 members. We are all 25% owners in the company and I, Mike Sullivan IV, am the President.
Prior leadership role as Asset Manager of Multifamily B & C assets, 2K + units, located in the Midwest & Rust Belt. Our focus, drive, & execution target the communities to design, build, and invest in sustainable communities through thoughtful and intentional development opportunities.​ Developing 60 units in shuttered Grocery store in Wahoo, NE Developing 25 units in shuttered Dormatory at Kennedy College in Wahoo, NE
The Market Flats
32000000.0
9000000.0
Capital project
This project will impact well over 100 families in need of safe, healthy, & affordable apartment units in South Omaha. Our initial design will house 148 affordable apartment units and 168 parking stalls. Located at the legendary, Joe Tess's Fish Market, close to 24th & Q. Our team will work swiftly through the development process to complete the project within 30-36 months.
30-36 Months
0.8
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)
Multimodal Transportation (i.e., enable connectivity through driving, biking, taking transit, walking, and rolling) Other Infrastructure (i.e., develop or improve broadband, business districts, roadways, sewer, etc.) Policy (i.e., develop or improve context-sensitive education, finance, health, training, zoning, 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.)
To improve the density & availablity of affordable apartment communinties in the South Omaha area through safe, well-designed, energy efficent, & community driven development.
This project is located in an extremely blighted area of South Omaha, as well as, a Qualified census tract. The development of this community will help improve the safety, quality, & affordablity of shelter in the area. The community project is in close proximity to public transportation and main thoroughfares.
The Market lofts community redevelopment will aid in the creation of affordable housing stock, create higher wage employment, improve local commerce, & recreate a vibrant community space for South Omaha to enjoy.
3-4 on site/property employees. 10-15 indirectly, as 3rd party contractors are going to be needed to operate & manage. Many more jobs will be created through construction & growth of the communities density. Site employees will receive $18-28/hour depending on rolls & skill set.
3-4 on site.
15-20
$18-28/hour
The development of new apartment buildings will house the work force, as well as, supply job opportunity for those that are employeed to help operate the apartment complex. The complex will need 2-3 full time employees in-house, as well as, have a larger need for 3rd party contractors to help paint, clean, repair, and service the apartment complex. This will feed and cycle the need for continuous employment in the area. The continuation of more multifamily development will help add more and more employment opportunity in the area.
Our new apartment community will create safe, economically obtainable, & sustainable housing for the communinty. By attracting more housing in the neighborhood will help produce connsumer speeding at local shops, restaurants, & services.
Providing safe & obatinable housing will allow residents to reculate money into the local economy. Our energy efficent apartment building (build out of ICF's) will help residents save money on their utility bills, which will allow additional means to support local businesses.
The continuation of development of affordable multifamily apartment units will helping improve the shortage of safe & affordable housing.
The apartment community will require skilled trades to help operate, repair, & maintain the apartment units. Their will be a need for higher level office managers & administractors to help orgainze our accounting, contracts, & residents.
Job & wage growth can be meaasured through unemployment decreasing, local commerce & sales tax revenue increasing, & population growth improving.
Yes, other developers, entreprueners, residents, businesses will see these apartments being built and will follow suite to relocate closer to the subject development area. You need the residents to live in an area to help bring the retail, commerce, & tax payers to the same/near-by area.
Yes
Spark and/or Canopy South. We are working through details on how to best support each other.
No
5425 South 24st, Omaha, NE 68107 Was formally known as Joe Tess's Fish Market. It closed down a few months ago and has been vacant. Located in Community Redevelopment Area (CRA) Located in Qualified Census Tract - 29 Located in Extremely Blighted Area
Within one or more QCTs
Working with real estate attorney who is managing the family trust. Don't have an LOI yet. Need environmental assessment. Not a brownfield site
No
Yes
No
No
No
Rough estimates based on General contractor input & previous construction experience.
No
County assessors. Currently in a real estate trust. Working with real estate attorney.
Capital towards construction for large multifamily LITHC project in South Omaha
Yes
The ARPA funds will be used as capital to fund the acqusition and build of the apartment units. Once construction is completed & the project recieves proper certificates of occupancy, the property will be under professional management for the longevity of the building.
Commercial lending, LITHC
Potentially Spark, Canopy South, or Front Porch Investments. Will need to work out details on this.
Yes, Commercial lending & LITHC awards
Yes, yes
The project is scalable & can be built in a multitude of different locations, depending on land size & availablity. The size & program can be modified to best fit other areas of town depending on local demographics, commerce, & available land and zoning regulations.
Able to work through these details, pending the amount of funds received. Our company will do what we can to make the project come to fruition.
1.0
1.0
1.0
1.0
Additional Location Documents (see application for list) Data table of uses (breakdown of how the requested funds will be used for your proposal) Organizational Chart Plans and detailed descriptions, including pictures and a map of the site location/surrounding area Pro Forma Proposal Budget/Sources and Uses