La Vista, NE – Hubbell Realty Company is announcing its first Omaha-based project, Sagebrook, a 264-unit multifamily community, located northwest of Giles Road and S 96th Street. With an estimated cost of $55 million, Sagebrook will add 180 apartment homes and 84 rental townhomes along with a clubhouse, pool, fitness center, dog park and garages. Construction is set to begin in August and be completed in late 2025.
“We look at this 15-acre site as an opportunity to provide a fantastic land use solution for the city of La Vista,” said Matt Weller, Vice President of Development with Hubbell. “As a longstanding real estate developer, we’re thrilled to officially enter the Omaha area and adapt our communities to best fit the growing housing need here.”
“The Sagebrook Apartments will help further diversify our housing base and be a fantastic addition to the La Vista community,” said Mayor Douglas Kindig. “I look forward to the ribbon cutting ceremony for this project and welcoming you to our community.”
Sagebrook will also have roughly 450 parking spaces for residents.
La Vista has boasted a 6.4% vacancy rate and an overall 3.2% annual rent growth, according to local data. This is positioning Omaha for historic performance, leading all major U.S. markets in rent growth and major new development news such as the $250 million La Vista City Centre.
Learn more about additional multifamily opportunities with Hubbell at hubbellcompanies.com
