Mayor Leirion Gaylor Baird today announced that the City has selected White Lotus Group of Omaha to redevelop the City-owned property on the Pershing site, the downtown block bounded by Centennial Mall, 16th, “M” and “N” streets.
The developers propose to build a 100-unit, affordable housing apartment complex along with a wellness center, childcare facility, commons area and green space, retail, and underground parking. The proposed project is an investment of about $54 million, including the use of tax increment financing and low-income housing tax credits. In addition, the proposal designates a location for a public library along Centennial Mall and “M” Streets, if the community supports moving forward at that location. The proposed project includes over 300,000 square feet of new improvements. The existing building would be demolished.