In 1960, Crossroads Mall in Omaha was a state-of-the-art shopping center and Nebraskans rushed to experience what it had to offer. Today many of the stores and the parking lots are empty. That could change very soon. Omaha City Council President Pete Festersen says a letter of intent was signed by the mayor and Rod Yates with OTG Destinations to move forward with a new project at 72nd and Dodge Streets.
The redevelopment will be called Crossroads Village and it will consist of upscale new-to-market retail, residential units, office space, a hotel and more to be announced later. Festersen says voters will have to approve a $50-million bond issue before the project can move forward. That money would be used to make improvements to sidewalks, streets, and water, utility and sewer lines.
The entire mall, except for Target will be demolished. If all goes as planned the mall will be raised this summer and construction on Crossroads Village will be complete in 2016. The price tag for the project is estimated at $400-million.