Introducing The Mercantile.
The Mercantile, a “city-defining” addition to downtown Omaha, will be a mixed-use redevelopment comprising more than 20 acres of residential, commercial, retail and green spaces.
The first phase will deliver three brand new city blocks — including an activated, pedestrian-friendly experience with a 35-foot-wide plaza — and a 375-unit best-in-class apartment building, Brickline at The Mercantile. Amenities for the residents will include a club room with entertainment kitchen, co-working lounge, fitness center with on-demand studio classes, pet spa, bike storage, and a resort-style pool and entertainment terrace. It will be bolstered by 42,000 square feet of ground-floor retail.
Future phases for The Mercantile will see additional apartment buildings, a boutique hotel, office buildings, a 720-car parking structure with public access, and a beautifully landscaped boulevard - all overlooking the Heartland of America Park lake.
COMING TO DOWNTOWN OMAHA IN LATE 2022
Now Pre-Leasing
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Download Press Release [2/25/2020]
About Hines
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 205 cities in 24 countries. Hines has approximately $133.3 billion of assets under management, including $71 billion for which Hines provides fiduciary investment management services, and $62.3 billion for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,393 properties, totaling over 459 million square feet. The firm’s current property and asset management portfolio includes 539 properties, representing over 232 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
About the Cresset-Diversified QOZ Fund
Cresset Partners, led by private equity entrepreneurs Avy Stein and Eric Becker, united with Diversified Real Estate Capital, led by Larry Levy, to create a joint venture partnership focused on core real estate development investments in Qualified Opportunity Zones. The Cresset-Diversified partnership launched its first fund, Cresset-Diversified QOZ Fund I, in December 2018 and raised $465 million to invest in seven institutional-quality projects located in top-tier markets around the country. Cresset-Diversified recently announced the launch of their second fund, Cresset-Diversified QOZ Fund II, which will similarly target Opportunity Zone projects with the potential for substantial risk-adjusted, tax-advantaged returns. Fund II will invest in core urban markets across the country with a focus on multifamily, office, industrial and retail investments located in QOZs.*
*The contents hereof are not to be used as the basis for making any investment decision and are not a recommendation of, or solicitation for, the subscription, purchase, or sale of any security, including the fund mentioned herein.