Major Mixed-Use Development Coming to 72nd & Farnam in Omaha

New five-story building to bring 176 apartments and 5,000 sq ft of retail space to busy intersection

Published on Feb. 15, 2026

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A new mixed-use development is coming to the intersection of 72nd Street and Farnam Street in Omaha, Nebraska. The project, announced by Schemmer, will replace older retail and restaurant spaces with a five-story building featuring 176 apartments and 5,000 square feet of street-level commercial space. The development is slated for completion in late 2026 and will also include parking, a clubhouse, and other resident amenities.

Why it matters

The 72nd & Farnam project is part of a broader transformation happening in this Omaha neighborhood, with the recently constructed Omaha Public Library and the ongoing Crossroads redevelopment project nearby. The new mixed-use building aims to revitalize the area by adding housing and retail to a busy intersection, helping to stabilize the community and support the growing activity in the surrounding blocks.

The details

The 72nd & Farnam development is a collaboration between Schemmer and Lockwood Development. Schemmer is providing a full range of services including architecture, engineering, and surveying. The building will have a mix of studio, one-bedroom, and two-bedroom apartments, with upper-floor units offering views of the Omaha skyline. Parking will be available on the first two levels, and residents will have access to a clubhouse and other amenities. Approximately 5,000 square feet of street-level commercial space will also be incorporated into the building.

  • The project was announced in February 2026.
  • Construction fencing went up at the intersection in February 2026.
  • The development is slated for completion in late 2026.

The players

Schemmer

An architecture, engineering, and construction firm serving as the lead on the 72nd & Farnam development project.

Lockwood Development

A real estate development company collaborating with Schemmer on the 72nd & Farnam project.

Michael Sinclair

The Project Manager at Schemmer overseeing the 72nd & Farnam development.

Omaha Public Library

A recently constructed library located next to the 72nd & Farnam development site.

Crossroads

A redevelopment project located across the street from the 72nd & Farnam site.

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What they’re saying

“With the new library next door and the Crossroads project across the street, this whole area is changing. We're glad to be part of that momentum.”

— Michael Sinclair, Project Manager, Schemmer (newsdirectory3.com)

What’s next

The 72nd & Farnam development is expected to be completed in late 2026, with the first residents moving in shortly after.

The takeaway

The 72nd & Farnam project is a key part of the ongoing transformation of this Omaha neighborhood, helping to revitalize the area by adding new housing, retail, and amenities to a busy intersection near the Omaha Public Library and the Crossroads redevelopment.