Mayor Chis Beutler announced today that a local developer plans to build a 20-story retail, office and residential project on the north side of the Que Place parking garage. The $30 million Lied Place Residences redevelopment project would include a restaurant on the ground floor, about 4,500 square feet of office space on the second, third and fourth floors and about 40 condominium units on the upper 16 floors.
"The historic transformation of downtown Lincoln continues with another landmark building that will again change our skyline," Mayor Beutler said. "This key location — across the street from the Lied Center — has been vacant for five years and we were hopeful someone would come forward with the right project for this challenging site. This is that project — a major redevelopment that will add to the beauty and vibrancy of our downtown."
Dallas McGee, Assistant Director of the City Urban Development Department, said the former Applebee's location was originally envisioned as a mixed-use building lining the north face of the garage between 11th and 12th streets. He said the project will meet a goal of the 2005 Downtown Lincoln Master Plan by helping to bridge the area between traditional downtown and the University of Nebraska campus. Local developer Tam Allan has been working on the development for several years. The project includes $5 million in tax-increment financing.
The restaurant will take up 3,000 square feet on the first floor. The condominiums will be available in one- , two- and three-bedroom units.
The project will be reviewed by the City Urban Design Committee and the Lincoln-Lancaster County Planning Commission in November. The City Council is expected to consider the project and hold a public hearing in January. If approved, a redevelopment agreement would then be submitted for City Council review next year. The project could start in the spring of 2019 and be completed in early 2021.
More information will be available at liedplace.com starting Friday.