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May 25, 2023

Council considers redevelopment agreements on two apartment complexes

Woodside Village, which would be built on the northeast corner of Northwest 48th

Woodside Village, which would be built on the northeast corner of Northwest 48th and Holdrege streets, would have 289 apartment units spread out over four buildings.

The Lincoln City Council on Monday considered two redevelopment agreements in Air Park and north-central Lincoln that, combined, will use more than $10 million in tax-increment financing.

The bulk of that financing — $9.61 million — will go to a large housing development in northwest Lincoln on an 11-acre site across the street from Lincoln Northwest, the city's newest high school.

REV Development is planning a 289-unit apartment complex at Northwest 48th and West Holdrege streets, a $46 million project called Woodside Village that will be built on the northeast corner with apartments spread out over four buildings.

The complex is the first project in a redevelopment plan for 815 acres along the Northwest 48th Street corridor in Air Park that the city designated as blighted in 2021.

A blight designation is intended to encourage development of substandard areas by making them eligible for tax-increment financing, which allows the developer to pay for some upfront costs using projected future property tax dollars that will be generated once the project is finished.

The developer plans to install solar panels on the building, which will be connected to some of the individual units, which could lower those apartment residents' utility bills. Up to $3.7 million in TIF can be used for the solar panels and up to $2.75 million for other energy enhancements.

Woodside Village will include 41 studio apartments, 169 one-bedroom apartments and 79 two-bedroom apartments, which also will have two bathrooms.

Thirty-eight of those apartments will be designated as affordable for people earning 60% of Lincoln's median income.

The development will also include two garage buildings with private parking spaces, as well as 363 parking stalls. Planned amenities include a pool, dog park, fitness center and community center.

The second redevelopment agreement considered by the council Monday is for a 12-unit apartment building and three row house-style townhomes at 27th and Starr streets near East Campus.

The Clinton Neighborhood Organization opposes the project because of concerns the developer is marketing the three- and four-bedroom units to college students who won't put down roots in the neighborhood. They also have concerns about parking.

On Monday, Ann Post, an attorney representing Marshall Development, said the company has done similar projects at 25th and Vine and 23rd and Y streets. Both were larger 18-unit apartments but the developer decided a smaller project was better for this site.

The city purchased the site in 2010 and demolished the commercial buildings in anticipation of it being redeveloped.

The $2.75 million project will use $446,658 in TIF and will include three affordable units. About $20,000 of that will help fix up a small park at 27th and Holdrege streets.

The council will vote on both redevelopment agreements at its June 12 meeting.

Hunter Boydston successfully reaches the 8-second mark in the Bull Riding competition on Saturday, June 19, 2021, at Adams County Fairgrounds. EAKIN HOWARD, Journal Star

Behlen Coffman (8722, age 9) and Max Jurgens (8826, age 7) high five Nebraska football players as they begin the 1 mile run on Sunday, June 20, 2021, outside Memorial Stadium. EAKIN HOWARD, Journal Star

Dalton Kunkee (105) and his partner Sid Miller race to rope their steer in the Team Roping competition on Saturday, June 19, 2021, at Adams County Fairgrounds. EAKIN HOWARD, Journal Star

Chrissy Brooks holds a rainbow flag as the parade passes by on Saturday, June 19, 2021, at Nebraska State Capitol. EAKIN HOWARD, Journal Star

Saltdogs’ Curt Smith (10) gets a hug from teammate David Vidal after he hit his 90th homer for the team in the 8th inning against the Houston Apollos on Thursday, June 17, 2021, at Haymarket Park. FRANCIS GARDLER, Journal Star

Sculptor Benjamin Victor works on the clay model of Susan La Flesche Picotte, Thursday, June 17, 2021, at Jayne Snyder Trails Center. JUSTIN WAN, Journal Star

Wendy Huynh, CEO of MW Climbing, climbs a route on Wednesday, June 16, 2021. GWYNETH ROBERTS, Journal Star

Wayne Garrelts (with cap) and Kevin Madsen (with glasses) laugh at a comment from Nebraska football coach Scott Frost on Wednesday, June 16, 2021, during the the annual Big Red Blitz at the Younes Conference Center South. FRANCIS GARDLER, Journal Star

A trio of horses feast on an abundance of high grass on Tuesday, June 15, 2021, at a farm along W. Van Dorn St. near Pioneers Park. Temperatures are forecasted to reach over 100 degrees later this week. FRANCIS GARDLER, Journal Star

Lyla Hardrick sprays her sister Santana with water while playing on the beach on Monday, June 14, 2021, at Holmes Lake. EAKIN HOWARD, Journal Star

Bella, a 10-year-old cheetah, chases a lure in the cheetah run on Monday, June 14, 2021, at Lincoln Children's Zoo. GWYNETH ROBERTS, Journal Star

Jane Wiederspan holds Bunnie, age 10, on Sunday, June 13, 2021, at the First-Plymouth Congregational Church. Bunnie is a rescue dog who has no eyelids which required her to wear sunglasses. EAKIN HOWARD, Journal Star

Saltdogs' pitcher Greg Minier (44) throws a pitch on Saturday, June 12, 2021, at Haymarket Park. EAKIN HOWARD, Journal Star

The drummer plays with Jamey Johnson on June 11 at Pinewood Bowl.

Fans hold their gloves in the air hoping to get a foul ball at a Saltdogs game on Thursday, June 10, 2021, at Haymarket Park. EAKIN HOWARD, Journal Star

Saltdogs’ Justin Byrd (21) falls into the bullpen after catching a ball hit by Kane County's Brandon Chinea in the third inning on Friday, June 11, 2021, at Haymarket Park. FRANCIS GARDLER, Journal Star

The crowd reacts to Whiskey Myers at Pinewood Bowl June 11

An Amtrak On Board Services team member looks out the window as the train pulls out of the station on Friday, June 11, 2021, at Lincoln Station. EAKIN HOWARD, Journal Star

People sleep in the Amtrak station waiting for the California Zephyr train, which arrived 1:55 late on Friday, June 11, 2021, at Lincoln Station. EAKIN HOWARD, Journal Star

Middle school age campers work together to get their blindfolded fellow campers across an obstacle during a cooperative activity at Carol Joy Holling Camp on Thursday, June 10, 2021. GWYNETH ROBERTS, Journal Star

Fourteen new Lincoln Police Department officers were sworn in during a ceremony in front of their family and friends on Wednesday, June 9, 2021, in the Lincoln North Star High School auditorium. The recruits will hit the streets with their first field training assignments on Thursday. FRANCIS GARDLER, Journal Star

L - R) Charlie Troxel, Amy Struthers and Ramona Meester follow Aging Partners community health educator Tracie Foreman in Quigong exercises as part of a free drop-in 1-hour circuit training class in the FitLot, part of a partnership between Aging Partners and Lincoln Parks and Recreation, on Friday, June 4, 2021, in Woods Park. GWYNETH ROBERTS, Journal Star

A koi fish searches for snacks among the water lilies in the Sunken Gardens on Thursday, June 3, 2021. GWYNETH ROBERTS, Journal Star

North's Trevor Marshal (14) catches a pass before running it into the end zone as a penalty is called on the play in the Shrine Bowl on Saturday, June 5, 2021, at the Ron & Carol Cope Stadium in Kearney. EAKIN HOWARD, Lincoln Journal Star

Nebraska's Head Coach Scott Frost talks to the athletes who attended the Friday Night Lights camp on Friday, June 4, 2021, at the Memorial Stadium. EAKIN HOWARD, Lincoln Journal Star

Tony White, a civilian navigation instruction and a retired Air Force Lt. Col. who has worked with the Open Skies program since 2006, sits at the cockpit at the final OC-135B Open Skies aircraft, Friday, June 4, 2021, at Lincoln Airport. JUSTIN WAN, Journal Star

Lincoln Fire and Rescue recruit Brian Sydik helps Alliance wrestling team member Jackson Bailey put on the SCBA tank on Wednesday, June 2, 2021, at LFR's training facility. GWYNETH ROBERTS, Journal Star

Ed Love, director of Nebraska Jazz Orchestra, conducts the band on the first show of Jazz in June on Tuesday, June 1, 2021, at Sheldon Sculpture Garden. JUSTIN WAN, Journal Star

The crowd cheers for Nebraska Jazz Orchestra on the first show of Jazz in June on Tuesday, June 1, 2021, at Sheldon Sculpture Garden. JUSTIN WAN, Journal Star

Josh Whitfield (L) scoops up dog poop with help from Kathy Rohwedder as the pair's dogs take advantage of the neighbor's adjoining backyard on Tuesday, June 1, 2021. GWYNETH ROBERTS, Journal Star

An attendee throws a pass during the Friday Night Lights camp on Friday, June 4, 2021, at the Memorial Stadium. EAKIN HOWARD, Lincoln Journal Star

Contact the writer at [email protected] or 402-473-7226. On Twitter at @LJSReist.

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Local government reporter

Margaret Reist is a recovering education reporter now writing about local and county government and the people who live in the city where she was born and raised.

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