48th & Dodge “The Arthur” – A 329-Unit Multifamily Development is Well Underway
By Jared Hollinger, Principal, Sower Commercial | October 2024
The Arthur – a new, 329-unit, Class A multifamily development in Omaha, Nebraska, in partnership with Access Commercial and Burlington Capital is well underway. The project, developed by Sower Commercial’s 48 Dodge Opportunity Zone Fund, covers approximately 2.75 acres at the intersection of 48th & Dodge. With its prime location near key demand drivers, this highly amenitized property will be a cornerstone of luxury living in Omaha.
A Prime Location in the Heart of Omaha
This multifamily development is perfectly positioned between the sought-after Dundee and Blackstone neighborhoods. Its proximity to the University of Nebraska Medical Center (UNMC) campus, including the proposed UNMC Administration Tower, makes it an ideal choice for professionals, students, and residents seeking easy access to Omaha’s key institutions. Additionally, the project is just minutes from the Central Business District (CBD), giving residents the convenience of short commutes and access to Omaha’s vibrant downtown area.
The location, with its proximity to major employment hubs and dynamic neighborhoods, makes this development irreplaceable in Omaha’s competitive real estate market.
Honoring History: The Pittman Veterinary Building
A standout feature of the project is the preservation of Omaha’s historic Pittman Veterinary Building. Originally constructed in 1948 by Dr. Arthur B. Pittman and designed by John Latenser & Sons in the Art Moderne architectural style, the building is a nod to the area’s rich history. Its curved glass block walls and clean horizontal lines embody mid-century design, and it will serve as the welcoming front door to the apartment community.
The Pittman building will house the leasing and management office, as well as additional amenity space for residents, offering a seamless blend of Omaha’s historical legacy and modern living.
A New Standard of Luxury Living
Residents of the 329-unit development will enjoy an array of amenities that cater to a luxurious and convenient lifestyle. The project is designed to meet the needs of diverse residents, offering:
- A state-of-the-art fitness center, complete with a yoga and group fitness studio
- Dedicated work-from-home spaces to accommodate remote professionals
- A large community lounge for social gatherings and relaxation
- A theater and media room for entertainment
- An outdoor dog run for pet owners
- A resort-style outdoor pool for relaxation and recreation
This project represents a perfect balance of history, modernity, and luxury, making it one of the most exciting developments in Omaha. We are proud to be part of this transformative venture that will meet the growing demand for premium housing in the heart of the city.
Partners in Progress
The development at 48th and Dodge is the result of a strategic partnership between Access Commercial, Burlington Capital, and Sower Commercial’s 48 Dodge Opportunity Zone Fund. This collaboration brings together the strengths of each organization, combining Access Commercial’s expertise in real estate development, Burlington Capital’s deep financial acumen and investment experience, and Sower’s innovative approach to leveraging Opportunity Zone benefits. Together, these partners are committed to creating a premier multifamily project that not only elevates Omaha’s housing landscape but also honors the area’s historical significance while positioning the community for long-term growth and success. This partnership exemplifies a shared vision for creating high-quality, amenity-rich living spaces in one of Omaha’s most desirable locations.
Burlington Capital is a leading investment management firm with a strong track record in real estate, private equity, and venture capital. With over 30 years of experience, Burlington Capital is known for its innovative financial strategies and commitment to creating value for investors through thoughtful, sustainable projects. The firm has been instrumental in developing and managing a diverse portfolio of real estate assets, contributing to transformative community projects across the U.S.
Access Commercial is a full-service real estate development and brokerage firm specializing in delivering high-quality commercial and multifamily projects. With a focus on community-driven developments, Access Commercial brings extensive market knowledge and a hands-on approach to every project, ensuring that each development meets the needs of both investors and the local community. Their expertise spans all phases of real estate development, from site selection and design to construction and management, making them a trusted partner in delivering successful projects.
