A new office building planned on Lincoln Mall that will replace two existing buildings — including one damaged during protests last summer — got the initial go-ahead from the Lincoln City Council on Monday.
The council found that NEBCO's plans to build a $20 million, three-story office building on the block bounded by Lincoln Mall, 11th, 12th and H streets conformed to the city's comprehensive plan.
Called 2 Landmark Centre, the building will be similar to the company’s 1 Landmark and 3 Landmark centres between the Capitol and the County-City Building.
The 159,000-square-foot office building will also have expanded, underground parking.
To make way for the new building, two old ones will have to go: one at 1111 Lincoln Mall, an old office building NEBCO has kept vacant in anticipation of new development; and the former Universal-Inland Insurance building at 601 S. 12th St., which was heavily damaged by fire during protests last May.
Debra White, who lives in an apartment nearby, told the council she hoped the developer would consider the impact of the new building on residents, and the potential of lower property values for those residents.
From her apartment, she said, she can see downtown Lincoln and Pinnacle Bank Arena, but a three-story building would obscure that view.
“Two years ago I paid more for the unit than I should have because it had a view and now that will be taken away,” she said.
She asked that developers consider a compromise: to redesign the building so the west side remains at the same height as the existing building.
Bob Caldwell, NEBCO’s executive vice president and chief administrative officer, said the building design matches the company's other buildings, and conforms to Capitol Environs standards.
Construction on the new building would start later this year, with completion planned for the summer of 2023.
The plans indicate about $3.5 million of the cost would come from tax-increment financing, although funding details will be among the factors hammered out in a redevelopment agreement, which must still be approved by the mayor and City Council.
NEBCO built its 1 Landmark Centre in 2003 and 3 Landmark Centre directly east of it in 2015. The new 2 Landmark Centre will be directly south of 3 Landmark Centre.