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The Rail and Commerce Building

106,621 SF adaptive reuse mixed-use building with offices and a small and minority business incubator.

What: 106,621 SF adaptive reuse mixed-use building with offices and a small and minority business incubator
Where: Omaha, NE
Cost: $27.5 MM
UACD contribution: $7 MM QLICI
Closing: March 2016

Community Benefits

The Project will provide discounted space in the incubator for small and minority businesses, and SCORE Omaha, a non-profit that provides consulting services to small businesses, will be located in the building and conduct free evening training sessions. Boyd Jones Construction, a large tenant in the project, will host a hiring location at the Project, and offers workforce training and construction apprenticeships for low-income persons (LIPs). They also work with local high school seniors to expose them to career paths in the construction trades. 


UACD provided $7MM in NMTC allocation to fund the conversion of long-vacant former U.S. Postal Service building into a 106,621 SF commercial office building housing several innovative office tenants and a small business incubator. Built in 1925 directly on the rail line, the building was a key mail sorting facility for the USPS until the 1950’s when the interstate system became the primary means for transporting mail. The building had been vacant for the last 40 years, and was a significant physical and psychological barrier to the revitalization of the area. Once complete, the project will bring new vibrancy to the historic district with an estimated 476 employees—166 of which are estimated to be newly created jobs. It is also anticipated that the project’s small business incubator will spur business creation and growth and provide an amenity that will support additional commercial and residential development in the surrounding low-income community.

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