The long-awaited Dundee Flats at 49th and Dodge Streets is finished, and its development team is now planning its next apartment project in another “emerging” pocket of the city.
That future apartment property in the Benson area is to be called the Mill, a nod to its past as a grain mill, and would become home to 95 market-rate units.
Aaron Moser of Sage Capital said that like the stretch where his team built Dundee Flats, the emerging area around his proposed $14 million Mill also has been boosted by increased popularity and redevelopment efforts.
He called the project a front door to Benson, “an eclectically wonderful area.”
If all goes as planned, the apartments at 6152 Military Ave. will rise five levels (one of those for parking). It would have a workout room and outdoor commons area with kitchen fire pits and games.
Anticipated ground breaking for the Mill, which will seek public tax increment financing, is October.
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At Dundee Flats, 4835 Dodge St., the four-story building’s 65 apartments are nearly half full, managers said.
Sage Capital started assembling parcels for the retail and residential building in 2015, and had construction delays. The longest was due to a major reconfiguration for a ground-floor lease signed with a Children’s Physicians clinic.
As expected, he said, apartment-dwellers drawn to Dundee Flats include many professionals who are new to town and area jobs.
Luke Smedley, 26, is among them. Fresh off a residency program in San Antonio, the Indianapolis native said he was hired as a critical care pharmacist at Nebraska Medicine and was not yet interested in buying a house.Smedley said it’s actually a shorter walk to his job from his apartment than from the parking lot he was assigned at the expanding UNMC campus.
Since Dundee Flats was announced, several other redevelopment efforts have come to or around that stretch of Dodge. Among them: the newly constructed 283-unit Duke apartments; the renovated Dundee Theater; the Forty9Place town house project that will bring new for-sale housing to the area; and the proposed 46 Dodge apartments, another 278 market-rate rental units.