Millwork Commons Announced as Omaha’s Newest Urban Neighborhood

Paul Smith of Black Dog Management and Omaha Mayor Jean Stothert announced plans to revitalize the area between 11th and 14th streets from Izard to Seward streets into Omaha’s newest neighborhood, Millwork Commons, a collaborative community designed to inspire and support the work of innovators and creators. Technology company Flywheel, the fastest-growing company in Nebraska, will be the anchor tenant and plans to move its headquarters to the historic Ashton building in the summer of 2020.

Millwork Commons is a $300 million mixed-use development which will focus on providing next generation office space, community common areas and diversified housing. Plans over the next decade call for modernizing historic buildings while incorporating new construction to complement the historic feel. Office spaces in Millwork Commons will be designed with tech companies, entrepreneurs, educational and community organizations in mind. The City of Omaha plans to support the project by adding and improving streets, including the rerouting of truck traffic.

The project is funded by Black Dog Management, an investment firm founded by Smith and focused on strategic partnerships in real estate and property investments in Omaha’s urban core. Smith said he expects the project to transform the area

Housing in Millwork Commons will be available in a range of budget and space needs and is designed to appeal to people who want to live in a vibrant downtown neighborhood. Smith said his team is also seeking to add local retailers and restaurants.

Alley Poyner Macchietto will design the other buildings within Millwork Commons in addition to the Ashton. Field Day Development is guiding the development of the neighborhood and P.J. Morgan Real Estate is leasing and managing the properties.