Mayor Don Wesely announced that the sale of the Old Federal Building was completed today, putting the building on the tax rolls for the first time in its history. NuStyle Development Corporation of Omaha will redevelop the building on “P” Street between 9th and 10th streets into residential and commercial space. NuStyle hopes to begin construction by the end of May.
“This begins a new era for this Lincoln landmark,” said Mayor Don Wesely. “This $7 million of private investment will maintain the historic character of the building, while giving it an important new role in the downtown and Haymarket areas.”
Mayor Wesely said work at the Old Federal Building will add to the construction boom now under way in the City. New figures from the City Building and Safety Department show that 454 building permits were issued in April 2003, with a value of nearly $45 million. The value of building permits issued so far in 2003 is 54.2 percent higher than it was at this point last year.
The redevelopment plan by NuStyle was unanimously recommended by a citizen review committee. NuStyle’s proposal calls for developing the first floor of the building into office and retail uses. The upper floors will be developed into 43 apartments. The third floor courtroom will be converted into a community room, and the basement will be converted into 52 parking stalls.
The redevelopment project also includes the smaller building on the northeast corner of 9th and “O” streets. The Old City Hall at 920 “O” Street will remain in city ownership. The space just north of these two buildings and south of the Old Federal Building will become pedestrian space with a restaurant.
The Old Federal Building was built in several phases beginning in 1905, and is considered to be eligible for placement on the National Registrar of Historic Places. It was used as the post office and federal office space until 1969, when the new post office at 7th and “R” and the new federal building at 15th and “O” were completed. The building was then acquired by the City of Lincoln, which declared it surplus in 1987, making it eligible for sale and redevelopment. The Old Federal Building was also used temporarily by the court system as the former County-City Building was renovated into the Justice and Law Enforcement Center.