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Conagra set for major redevelopment project

Conagra set for major redevelopment project
Posted at 7:30 AM, Dec 08, 2017
and last updated 2017-12-08 09:00:52-05

Conagra Brands announced it has selected Hines, a global real estate development firm, to redevelop part of its downtown campus. 

The development will happen within the next decade and will have a two-block plaza lined with new housing, restaurants, offices and green spaces.

"We know that the redevelopment project and its prime riverfront access is important to the city, Conagra Brands and its workforce, as well as businesses that occupy the property,” said Tom D’Arcy, senior managing director at Hines. “We are committed to working with city leaders and believe this redevelopment will complement current projects such as the Riverfront Revitalization. At the same time, the project will improve access to the lake and create a vibrant community for those who want to live, work and play in downtown Omaha.”

The project comes with a proposed price tag of $500 million and they expect to break ground in the summer of 2019. 

Conagra currently has 1,200 employees working in Omaha. In a statement, Mayor Jean Stothert said she is "more than thrilled" to continue the city's partnership with Conagra.