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Conagra Brands Invests in $500 Million to Overhaul Omaha Campus

Conagra Brands Invests in $500 Million to Overhaul Omaha Campus


OMAHA, NE
Tuesday, December 12th, 2017

Conagra Brands’ Omaha campus is getting a fresh look as the company invests $500 million to remodel its downtown location over the next decade. Last week, Conagra Brands announced it will partner with Hines, a global real estate development firm, for the remodel, which will provide residential, commercial, entertainment, and green space to the underutilized areas of the company’s campus.

Sean Connolly, CEO, ConAgra“This is an exciting time for Conagra,” said Sean Connolly, President and CEO of Conagra Brands, in a company press release. “We have selected Hines to redevelop a part of our downtown Omaha campus for the benefit of our 1,200 employees as well as the entire Omaha community. We chose Hines because of their track record of success and community-oriented vision for this important property. Connecting our property to the rest of downtown and improving access to the lake will be hallmarks of this project.”

Conceptual rendering

According to a report by Omaha World-Herald, the project will see nine new structures of roughly 500,000-square-feet of office space, more than 80,000-square-feet of retail space, a boutique hotel with up to 200 rooms, and about 900 new residences go up over the next decade. One of the current Conagra buildings will also be demolished to make room for the two-lane plaza that will extend Harney Street two blocks from 10th Street to the lake, opening up access for the public to dine and socialize near the water.

Tom D’Arcy, Senior Managing Director, Hines“We know that the redevelopment project and its prime riverfront access is important to the city, Conagra Brands, and its workforce, as well as businesses that occupy the property,” Tom D’Arcy, Senior Managing Director at Hines, said. “We are committed to working with city leaders and believe this redevelopment will complement current projects such as the Riverfront Revitalization. At the same time, the project will improve access to the lake and create a vibrant community for those who want to live, work, and play in downtown Omaha. We were privileged to have designed and built the Union Pacific headquarters in downtown Omaha 13 years ago, and look forward to returning to the city with this incredible project.”

Currently in the process of working with key stakeholders, evaluating redevelopment options, and developing a master plan, Conagra and Hines expect to break ground on the project by the summer of 2019.

For more on the up-and-coming in the deli, dairy, and bakery industry, Deli Market News will continue to bring you the latest.

Conagra Brands