The 6.5 acre site is located on the eastern edge of downtown in the Antelope Valley area. It is adjacent to the new Antelope Valley channel and one block from the signature feature of Antelope Valley: the three block long Union Plaza Park, due to be completed summer of 2012
The site is currently comprised of 3 properties with a fourth possible, bringing total acres to 7.4 (see Site Overview) Three of the properties are currently publicly owned (1, 2 and 4 on the map to the right. Property 3 is owned by Windstream Nebraska, Inc. The City will assemble all publicly owned land. Windstream is a partner in the project but is pursuing sale of the property independent of the City.
The site also:
- is adjacent to Antelope Park and Lewis Ball Fields
- provides a view of the historic Elliot Elementary School located across the channel to the east
- provides a view to the newly completed $53 million dollar Assurity Life building to the north (the first major redevelopment project in Antelope Valley)
- provides a view of the State Capitol building to the west
21st and N Street is located within an area of Lincoln known as Antelope Valley. The area includes an important part of Lincoln's traditional center. In spite of its key location, the Antelope Valley Area had not previously witnessed the same level of economic investment and reinvestment as other parts of Lincoln. For the past 17 years, three governmental agencies—the City of Lincoln, the University of Nebraska-Lincoln (UNL) and the Lower Platte South Natural Resources District (LPSNRD)—have worked together on the Antelope Valley project to address flood control (complete), transportation (will be completed in summer 2012), and community revitalization (on-going) in the core of the city.
The Antelope Valley Redevelopment Plan is a guide to redevelopment in the area and allows the use of Tax Increment Financing (TIF) for the 21st and N Street Area project. In the Redevelopment Plan, this site is identified as future mixed use. The site benefits from proximity to open space and the Antelope Valley channel and from the possibility of assembling larger tracts than are available in traditional downtown. This area offers opportunities for high-quality office, residential, or mixed-use development. Although mixed-use is preferred, the City will entertain proposals for all high-quality uses.
The Urban Development Department of the City of Lincoln will be accepting redevelopment proposals to redevelop the 21st and N Street Area until November 1, 2012, 4:30 p.m. CST. If you have questions about this opportunity, please check with our project contacts.