Metonic Real Estate Solutions is pleased to announce the groundbreaking of their upcoming multifamily development, Square Apartments, in the heart of Midtown Omaha. The 73-home apartment community is located at 30th and Leavenworth and adjacent to Triangle Apartments, which was acquired by Metonic in 2021.
The pet-friendly community will feature a mix of studio, one-, two-, and three-bedroom homes with desirable amenities, including smart-home living, package lockers, and a community room with a kitchen, gaming area, coffee bar, fitness center, and covered deck. Square residents will also enjoy the amenity set offered at Triangle Apartments.
Located in Midtown Omaha, Square Apartments is positioned in a top location less than five minutes from the University of Nebraska Medical Center, Blackstone Neighborhood, and Midtown Crossing.
Metonic Real Estate Solutions has selected Ronco Construction as the general contractor. Other partners include Lamp Rynearson Civil Engineer, studio951 Architects, Tracy Cross Market Consultants, and Thiele Geotech.
President of Metonic, Kassie Inness, said of the project, “By leveraging the benefits of both Opportunity Zones and Tax Increment Financing (TIF), we are able to create a project that revitalizes the neighborhood and spurs economic growth. These development tools further empower us to enhance the appeal of the project, ensuring a win-win situation for both investors and the community.”
Construction is slated for completion in Q4 2024. The multifamily development will join Metonic’s portfolio of over 80 assets under management. For more information, visit Metonic.net or call Jenna Herrick at (402) 952-4599.