Speedway Properties is currently redeveloping the former Tool House complex at the northeast corner of 8th and Q Streets in the Historic Haymarket. The corner building is one of the oldest in the Haymarket, dating back to 1887. Originally constructed as a bakery for the production of biscuits and crackers, it became a hardware store in 1905 and remained so until 2008. Construction is now underway for the redevelopment of these buildings which are adjacent to a new Hilton Garden in which opened in September 2013. The project will include retail/restaurant bays at street level, outdoor patio seating, new awnings, and lower level daylight spaces along the west side of the corner building. Upper floors will include68 new loft apartments with an attached walkway to the Haymarket Parking Garage. Construction is underway and will be completed later this year.
Speedway Properties has completed the redevelopment of the former hotel site at the I-80 and Cornhusker Hwy interchange near the Lincoln Airport. The hotel had fallen into disrepair and much of it was demolished. What remains is the structure supporting the former banquet, reception, restaurant, and bar and those areas have been renovated into a laboratory and office space for a new tenant. In addition, Speedway completed a build-to-suit for subway on the north side of the property. There is also additional land along the south side of the property for other building. This project has resulted in a significantly enhanced image for this site and it will be a welcome improvement for travelers along I-80.
In 2010, Speedway acquired the historic Sidles building at 1226 P Street which was originally built as an automotive garage and more recently occupied by a tuxedo retailer and WC’s Bar. When the previous tenants vacated, it opened the opportunity to redevelop the entire building. The ground floor and storefront was completely renovated and now includes two new restaurant tenants – Topper’s Pizza and Dickey’s BBQ. The upper floors were converted to small one and two bedroom loft apartments catering to young professionals. We have been at full occupancy since spring 2013. Borrowing from the building’s history as an automotive showroom, which at one time included the Buick and Cadillac brands, the apartments have been named the Cadillac Lofts. Amenities include a common laundry room/ lounge, secured entry, high-speed internet, and a rooftop deck with an outdoor kitchen. Located on downtown’s primary retail corridor, we believe this project has enhanced P Street’s vibrancy and has contributed to the ongoing transformation of downtown Lincoln as an exciting place to live.
Construction is underway on the final phase of redevelopment of this four-building complex formerly occupied by the Salvation Army at the southwest corner of 8th & P Streets in the Historic Haymarket. The oldest of these historic buildings is a five-story brick and wood timber warehouse which dates back to the early 1900’s and originally housed the Grainger Brothers wholesale fruit and grocery business. Speedway acquired the property in 2003 and has gradually redeveloped these buildings into an active office and retail complex housing successful software start-ups on the upper floors and retail tenants at ground level. Retail tenants include Scooter’s Coffee, Dozo Sushi Grill & Lounge, Rodizio Brazilian Grill, and McKinney’s Irish Pub. The upper floor tenants include Nebraska Global and its affiliated companies, Hudl, and HDR Architecture, Inc., through a partnership with UNL’s college of Architecture. With the new addition to the west side of the complex, we have expanded and office space to accommodate our tenants’ growth and add new retail space on P Street. This project has greatly enhanced the energy and activity at this prime intersection in the Historic Haymarket.