An Omaha-based real estate development company has announced plans for a major shopping center in north Lincoln.
NorthStar Crossing, which will be at 27th Street and Folkways Boulevard, will have up to 500,000 square feet of commercial and retail space.
The center is being developed by the Lerner Corp., the same company that developed the Lincoln Crossing shopping center at 27th and Superior streets three decades ago.
“We are very excited to be developing this project, which we believe will complement our previous development, and add to the attractiveness and prominence of the North 27th Street trade area,” Lerner President Jay Lerner said in a news release.
Lerner said the 27th and Folkways site has been sitting vacant for the past 30 years even while Lincoln Crossing has ranked as one of the most popular shopping centers in the state based on customer traffic.
Large retail developments have been proposed on the site in the past but have never materialized.
Lerner said construction on the site is scheduled to start as early as later this month, weather permitting, and the first stores could open early next year.
He said negotiations are currently underway with “numerous national, regional, and local retailers.” Some of those will open new locations at the site, while others are likely to relocate from other areas of Lincoln.
Lerner said the center, when fully built out, could eventually generate $50 million annually in taxable sales, $100 million in additional property tax valuation and more than 1,000 new jobs.
NEW CONSTRUCTION IN LINCOLN
Holiday Inn Express
Mourning Hope Grief Center
State office building
Lincoln sports complex
300 N. 48th Street
Madonna New Patient Wing
Tommy’s Express Car Wash
Lied Place Residences
Bryan Physician Network
New football complex
Sun Valley Lanes
Nebraska Innovation Campus hotel
Lancaster Event Center
Lincoln Children’s Zoo
The Stack Lofts
Ninth & O development
Prison Open House
Wilderness Nature Camp
Great Plains Beef
14th and N
Pershing proposals/White Lotus Group/HDR
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