Lincoln announces plans for new $47.5 million redevelopment in Haymarket
LINCOLN, Neb. (KLKN) – Lincoln’s Haymarket is getting a new $47.5 million building that will feature commercial, residential and retail spaces.
On Thursday, the City of Lincoln announced EADO, a collaboration between Speedway Properties and Nelnet Inc., would lead the redevelopment project.
“Two of our communities’ homegrown companies are collaborating to grow Lincoln in really exciting ways,” Mayor Leirion Gaylor Baird said.
City officials are planning to redevelop the southwest corner of Seventh and N Streets.
“I’d like to have this location be the corporate office for a national tenant,” said Clay Smith, Speedway Properties co-founder. “In addition to that, we will have active space on the first floor which would be restaurants and more retail space.”
Developers say the building will also include “affordable and market rate” apartments.
Now that a developer has been chosen, work will begin on the project, which could take several years before its completion.