The Historic Chermot Ballroom Building is situated just east of Interstate 480 and the Farnam Street exchange near Midtown Crossing, and the Blackstone District in the burgeoning Farnam Hill District. The property features a mix of offices, creative studios and the historic ballroom turned event space. The Farnam Hill District has experienced a major burst of new development over the last two years with new retail, office, multifamily and hospitality all within walking distance of the property. New spots on the Hill included coffee shops, a juice purveyor, a new brewery, and multiple fast casual dining options with some of the area’s best mid to high end restaurants nearby.
Omaha's just announced streetcar line, which is due for completion in 2026, will pass directly in front of the property on Farnam Street seamlessly connecting the prime downtown and midtown districts to each other. The site is also well situated near Creighton University with its 2300 daytime employees and 9,000 plus students which lends to its ability to attract a wide group of millennial and gen z tenants, and employees. The average residential renter in the area is 28, and more likely female with a college degree. Omaha's prime downtown office district with its 34,000 plus daytime employees sits a mile east of the property with UNMC, Midtown Crossing and the Blackstone Districts sitting just west of the property. Farnam Street is the second most travelled route between midtown and downtown with over 17,000 cars per day traveling east past the site. And that car count should is likely to increase when Farnam, which is currently a one way street, becomes bidirectional in accordance with the streetcar and Omaha's master plan. The property, which is set to undergo a full exterior rehabilitation in 2022 and a phased interior renovation of all common areas, will feature a newly remodeled ballroom, new common area amenities and restrooms. The spaces available include a 1) 4300 square foot office with restroom core, direct street access and signage, 2) a 3800 square foot 2nd floor office with several executive offices clustered around an open plan core and break room, and 3) a 2500 square foot suite with several executive offices around its open plan core. Please contact Lisa today to schedule a showing or to answer your inquiries regarding the property!
Lisa Zimmerman
BHGRE Commercial
