Omaha, NE (PRWEB) January 25, 2007
The Greater Omaha metro area capped off another successful year with the December announcement of a major mixed-use development project. The latest development will combine a new public school, one million square feet of retail space, 350 multi-family units, and a church together with ACI Worldwide headquarters on a new 400-acre master-planned project site.
The development, to be called Coventry, is the latest in a series of mixed-used projects announced in 2006. Others include North Downtown, midtown and the Mutual of Omaha neighborhood, Aksarben Village and west Omaha, concentrated along the West Dodge corridor.
The Coventry project is being handled by CFM Realty with an infrastructure price tag of $22 million. In all, at least $410 million in private capital investment is expected on the Coventry project.
Completion of the first phase of the project is expected by spring of 2008, approximately the same time ACI Worldwide headquarters will be ready for occupancy. Retail development should begin coming in by spring of 2009.
David Brown, Greater Omaha Chamber of Commerce CEO said that prior to the Coventry announcement 307 economic development projects were developed in 2006 in the Greater Omaha area. These projects represent nearly 11,000 new jobs and $1.9 billion in capital investment.
For more information on this project or other economic development projects taking place in Omaha visit http://www.accessomaha.com.