Gold’s Redevelopment Now Includes More Than 180 Apartments
Press, Real Estate | February 15, 2021
SOURCE: LINCOLN JOURNAL STAR
By: Matt Olberding
A revamped redevelopment plan for the Gold’s Building aims to turn it into one of the largest apartment projects in downtown history.
The plan now calls for renovating the upper floors of the Lincoln landmark into apartments, with approximately 183 units planned. That would make it one of the biggest residential projects in downtown history.
According to the plans, the apartments would mostly be one-bedroom units, with some studios and two- and three-bedroom units as well. The first floor of the building would be designated for commercial uses, with the basement being turned into self-storage for the building residents and/or downtown residents and businesses.
A conceptual layout of the building shows potential retail uses on the first floor at 11th and O streets and 10th and N streets, and office uses at 11th and N streets.
Keating Resources, owned by Nebraska native Gerard Keating, bought the building in December 2019 for $2.3 million, and at the time announced plans for a redevelopment that would have turned the six-story north tower into a 110-room hotel and remodeled the four-story south portion of the building, which was to remain home to existing tenants, including State of Nebraska offices.
The coronavirus pandemic and its effect on the hotel industry led the company to rethink its plans, however.