Hines, along with investment partner Cresset-Diversified QOZ Fund, has started the construction on The Mercantile, a city-defining mixed-use redevelopment to be located in downtown Omaha, Neb., on land recently acquired from Conagra Brands.
The project’s first vertical development will be a 375-unit, four-story mid-rise apartment building with 42,000 square feet of ground-floor retail. The best-in-class apartment asset will feature many shared amenities, including a club room with entertainment kitchen, co-working lounge, flex collaboration rooms, fitness center with on-demand studio classes, media and game lounge, automated package room, pet spa, and bike storage. Outdoor amenities will include a resort-style pool, grills, a fire feature and an entertainment terrace.
“The Mercantile will undoubtedly be a transformative development for the city of Omaha. We are proud to commence construction and witness the evolution of this one-of-a-kind destination,” said Tom D
