Now and Later? Take a look at a new, $1.2 billion proposed project in West Omaha

Posted at 4:42 PM, Mar 02, 2017

A $1.2 billion dollar development is being considered in West Omaha.

Avenue One would be located on the south side of 192nd Street and Dodge. Developer Curt Hofer says it’s the last undeveloped major intersection in the area.

"Where is there another place in Omaha where we can develop this urban core in a suburban neighborhood with these amenities?" Hofer said.

The proposed project would turn the fields south of the Methodist Women's Hospital into office, retail, residential, hotel and civic spaces, including a plaza and green space. The proposal also calls for $17 million from the city and state to rework the Dodge overpass, along with some Sanitary and Improvement District funding.

Members of the Fire Ridge Homeowners Association say they’re excited, as long as the project goes as planned.

"I can't imagine it’s too often where a homeowners association gets up and says they’re in favor of a development,” said David Yudelson. “But these folks worked really hard.”

While Avenue One will compete with other new developments - like the billion dollar project in Boys Town - Hofer believes it will succeed.

He anticipates the project would take about 10 to 15 years to complete.

"It has some of the elements that you would feel in Aksarben Village, maybe Midtown Crossing and I might even say village point from a retail standpoint."

Hofer says the preliminary plan will go to the Omaha City Council for approval this month with the hope for a final project approval in the next few months.