Mutual of Omaha’s $600-million, 44-story tower will crown downtown as Nebraska’s tallest building (at 677 feet) in late 2026 and anchoring a #19 national Labor Force Participation ranking. Nearby, crews are laying rails for the three-mile streetcar linking Midtown to the RiverFront for a 2028 debut, a transit spine that real estate investors are already building around.
The $108-million Tenaska Center for Arts Engagement doubles rehearsal and classroom space at the Holland Center, while a $57-million, 44-room hotel with a rooftop bar will soon energize Millwork Commons.
But the biggest new story is forming just north of Charles Schwab Field. Union Omaha and the City are planning a $140-million, 6,500-seat soccer stadium – pending final approvals – set to break ground in 2026 and open for the 2028 season, anchoring a 20-acre mixed-use district of retail, dining, housing, and green space. Together with Charles Schwab Field and CHI Health Center, it forms a walkable stadium district unlike anything in the Midwest. Meanwhile, UNMC’s Catalyst innovation hub and the Crossroads Mall transformation keep the economic momentum going. U.S. News named Omaha America’s hottest housing market, and with unemployment of 3.3% and a #28 Economic Output ranking still rising, the Oracle’s city is writing its own next chapter.