Apartment

Plans for Lincoln’s latest downtown apartment project move forward

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The Lincoln-Lancaster County Planning Commission on Wednesday approved a plan to redevelop a vacant building at 1030 W St. into apartments.

Commissioners voted unanimously that the proposed WD Brock Lofts project is consistent with the comprehensive city and county plan governing land use.

Plans call for the demolition of the existing building, which at one time housed the Kuhl’s restaurant, and the construction of a six-story building with 70 apartments and underground parking.

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According to plans submitted to the Planning Department, the new building would include 20 studios, 40 one-bedroom apartments – 10 of which have dens – and 10 two-bedroom apartments on the top five floors. The first floor would have the rental office and amenities such as a fitness center, lounge, and meeting space.

The estimated cost of the project is $19.5 million, including $3.75 million in tax financing. The FIT allows developers to use future property taxes generated from redevelopment to pay for certain upfront costs.

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Lincoln developer Brett West told the Journal Star in July that he was developing the project in partnership with building owner Monte Froehlich, who is the chairman of US Property.

West said demolition likely won’t take place until next year, and no timeline was provided for when construction of the new building would begin.

If the project goes ahead, it will join a number of other redevelopment projects in the area.

The former Lincoln Electric System headquarters next to Froehlich’s building has been transformed into about two dozen condo units, while the Terminal Building half a block west adds about 30 condos to its upper floors.

Across the street, the Gold’s Building at 11th and O streets is being redeveloped into a 110-room hotel with retail space on the first floor.

Less than two blocks away, at 10th and P streets, Trinitas Ventures is transforming the former site of the Journal Star into a 320-unit student apartment complex that will rise up to 13 stories.

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Contact the editor at 402-473-2647 or [email protected]

On Twitter @LincolnBizBuzz.

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