There’s a lot of concrete and a lot of empty spaces around the intersection of 72nd and Dodge in Omaha.
Mark Minchow is the manager of Schmitt Music right across from the dying Crossroads Mall. Down the street is the vacated Family Fun Center and the closed Borders bookstore. “We don't see the traffic, we don't see the business and it's really sad, this is a vibrant area."
One thing that this area has is a lot of is traffic and local real estate experts say that will bring major businesses back to 72nd and Dodge. “My best guess is that Borders will be a national tenant that will re-purpose the building, probably uses the structure, but will reface it,” says Trenton Magid of World Group.
There are already plans to replace the old Family Fun Center with two new businesses. “The Family Fun Center property at 70th and Dodge is gonna be torn down. Raising Cain, which is a chicken finger fast food concept is gonna take over half that parcel and they’re looking for another co-tenant to go next door."
Developers at Crossroads Mall are working with national and local developers to hopefully bring new life there. All of this is music to the ears of a business that’s been in the area for decades. “There's still a lot going on with the shops that are remaining, so there's a lot of potential here, you gotta believe in it,” says Minchow.
Experts predict bidding wars in the area, believing that there’s just too much traffic for a business to pass up.
While the old Borders property at 72nd and Dodge remains for sale, we learned Wednesday that the former Borders location near 132nd Street and West Maple Road has been sold for $2.7 million. Details about who bought it and plans for the property were not disclosed.