Midtown’s Dewey Park area on track for an $8.5 million apartment building | Local Business News

An $8.5 million, four-story apartment complex is poised to rise on an interesting curve near midtown Omaha’s Dewey Park and along Turner Boulevard.

GreenSlate Development, best known for reviving the Blackstone business district, is proposing a 55-unit apartment project on the half-acre site at 33rd and Jones Streets.

A pair of two-story triplexes and a detached garage would be demolished to make way for the proposed Dewey Park Apartments.

The project site north of Leavenworth Street is blocks from the spine of the Blackstone commercial district, and a short walk from the Midtown Crossing retail and housing campus.

“It aligns with our vision for adding density to the core of our city that was neglected for five or six decades,” GreenSlate’s Jay Lund said.

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This is the site of the proposed Dewey Park Apartments.

To move forward, GreenSlate is asking the city to approve $1.4 million in public tax-increment financing. TIF, an incentive aimed at spurring economic development in blighted areas, allows developers to use a portion of future increased property taxes generated by their project to pay certain upfront development costs.

The dwelling mix includes studios as small as 550 square feet and two-bedroom units up to about 840 square feet. They’d rent for $895 to $1,195 a month.