Business
8:07 am
Wed February 12, 2014

Developers outline plans for Crossroads Village

The Omaha City Council will vote in two weeks on whether or not to put a $50 million bond issue before voters in May.

The bonds would pay for infrastructure associated with the Crossroads Village project. Plans are to turn the current site at 72nd and Dodge Streets in to a mixed-use development, with retail, dining, a hotel, and housing.

Rod Yates, one of the Crossroads Village developers, says the project could create 3,500 jobs and more than $400 million in sales.

"I think our trade area will be huge, I think we'll draw from at least a two-hour drive time through our merchandising strategy. I think overall we've got something that will be pretty terrific for the community, something that's missing in the market, and would really be a great asset for the intersection of 72nd and Dodge."

Yates says the developers are confident they'll be able to fill 400,000 square feet of space at Crossroads Village with retail.

Crossroads Village is set to open in the summer of 2016.