A sprawling 120-acre green space in the middle of Papillion is poised to sprout a neighborhood of hundreds of homes, offices, commercial spaces and pathways oriented towards the city’s iconic water tower.
Dubbed the Tower District Butterfly, the new subdivision north of Highway 370 between 84th and 90th streets is expected to generate about $300 million in taxable property assessment, said development team partner Jesse Calabretto.
By the time it is fully built in about a decade, the neighborhood will feature 900 homes with designs ranging from luxury properties to market-priced apartments, some above storefronts.
There will be an assortment of commercial space, including office buildings and what Calabretto described as bed and breakfast-like properties occupied by businesses and service providers.
“We are creating a city within a city,” Calabretto said. “We are really excited. This is a true mixed-use development catering to all price points and demographics. »
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First development site
A groundbreaking event is scheduled for Tuesday at the site, about a mile south of downtown Papillion, which has been considered a prime development site for many years.
Its history for generations has been that of a family farm and farmland – and the home of the city’s southern water tower, which stands over 100 feet high.
About four years ago, another local developer proposed an estimated $113 million business called Papillion Commons, but abandoned plans for apartments, retail, offices, parks, hotels and theaters before getting to the final planning stages.
Planning Director Mark Stursma considers the current new venture to be “resilient” in that many structures are designed to be multi-purpose.
“There are many ways to use a building, whether commercial, office or residential,” Stursma said. “So even if the market changes, the plan will still work and work in creating a neighborhood.”
According to Stursma and Calabretto, one of the main reasons the area has remained undeveloped for so long is that the owners of the Trumble family intended to work with someone who would convert most or all of the land into a single coherent project, rather than selling it piecemeal. fashion.
Suitable for pedestrians
Calabretto’s investment team, officially known as 84-370 Main Street LLC, held meetings with neighboring subdivisions and consulted with Doug Bisson and HDR’s Papillion officials to come up with a design suitable for the environment.
“They are very intentional about making the project pedestrian friendly and walkable, especially the more commercial components,” Stursma said.
Although technically not inside the city limits, the area is within Papillion’s zoning jurisdiction and annexation area and had to get the green light from Papillion officials. It is funded and developed as a health improvement district.
Stursma said Papillion was to help by improving a few major thoroughfares around the project site, such as 90th Street, which were already in need of improvement.
“It makes sense for the city to do this work while other work is being done” by the developers, he said. “It’s not uncommon or unique to this project.”
Papillion town officials are to be joined by Sarpy County economic development officials at the groundbreaking. Colliers International markets the commercial parts to potential tenants.
Among the highlights of the project is a historic water tower, which city officials say was built in 1975. It, along with another water tower on the north side of the city, helps to provide water and pressure to Papillion and will continue to operate as such.
The city plans to add decorative lighting and other upgrades to the tower that will provide a backdrop for selfies and photos.
“This water tower is incredibly iconic for Papillion,” Calabretto said. He said the development team is creating “view corridors” whose background focal point will be the tower.
Selfies, photo shoots
A community park, for example, will be a venue for Christmas tree lighting ceremonies, farmers’ markets and other gatherings. People will be able to look up and through strategic openings and see the tower.
Among the 900 homes, Calabretto said, there will be nearly 20 real estate lots that would sell for more than $650,000, possibly some in excess of $1 million.
Other accommodation for sale will be ‘cottages’ with garages to the rear and managed as a community of villas where maintenance is provided by a contractor.
The starting price for townhouses would likely be $250,000 to $300,000, he said. Apartments would likely start at around $850 in rent, he said.
Calabretto said about 65% of the site is residential. He declined to name commercial or office tenants, saying he didn’t want to steal the thunder from their listings.
“Activity has been strong,” he said.
Grading is currently underway and infrastructure is expected to begin later this year. Some of the first homes and commercial tenants are expected in late 2023. The site is to have miles of walking paths and green space.
Calabretto reinforced the team’s goal of developing various types of buildings and housing to create a neighborhood atmosphere.
“We want an entry-level home to have access to the same amenities as an estate-level home,” Calabretto said.
This story was originally published by Nebraska Examiner, an editorially independent newsroom that provides a daily feed of hard-hitting news. To learn more, visit nebraskaexaminer.com.