Mutual of Omaha Pursuing Downtown Omaha Headquarters Tower

OMAHA, Neb. (Jan. 26, 2022) - Fortune 300 insurance and financial services company Mutual of Omaha will pursue the development of a new headquarters tower in downtown Omaha, Mutual of Omaha Chairman and CEO James Blackledge announced.

Mutual is working closely with the City of Omaha and developer Lanoha Real Estate Co. on the headquarters plan, which would represent a major addition to the Omaha skyline, Blackledge said. Based on the previously planned relocation of the downtown library, Mutual will focus its planning on the current library site.

"We are inspired by the energy in downtown Omaha and recognize the importance of a vibrant urban core for the city's future. The development of a downtown headquarters tower provides a rare opportunity to create an inspiring workplace for our associates while contributing to the vitality of downtown Omaha," Blackledge said.

A key element of the company's decision to pursue a downtown headquarters is the city's commitment to a modern streetcar line.

"A modern urban transportation system in the form of the planned streetcar line makes this project possible by providing convenient access to our planned headquarters tower and by allowing us to think creatively about many aspects of the project," Blackledge said.

The headquarters plan envisions the redevelopment of Mutual's current Midtown campus as well as property it owns east of Turner Park. Mutual developed Midtown Crossing at Turner Park and is heavily invested in the ongoing success and growth of Midtown Omaha, Blackledge said.

"These plans represent a win-win, as our proposed downtown headquarters tower will be a significant addition to the strength of our urban core while freeing attractive property in Midtown for redevelopment, with the connection of the modern streetcar line fueling both projects," he said.

Mutual is working with international architecture firm HOK on a study to assess its space needs and develop a compelling vision of the future workplace. This study will be a vital link in determining the exact size of the proposed downtown skyscraper, as well as the building's features and amenities.

"While we are confident the new headquarters we are envisioning will have a dramatic impact on the city's skyline, there is still work to be done to determine the exact size and configuration of the project," he said.

In addition to developer Lanoha Real Estate Co., Mutual is working with a design team that includes Kendall/Heaton Associates of Houston, Picard Chilton of New Haven, Conn., and Omaha's Alvine Engineering. The company is also collaborating with Mayor Jean Stothert, the Omaha City Council and various City of Omaha departments on the project.

About Mutual of Omaha
Founded in 1909, Mutual of Omaha is a highly rated, Fortune 300 organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States. As a mutual company, Mutual of Omaha is owned by its policyholders and committed to providing outstanding service to its customers. For more information about Mutual of Omaha, visit www.mutualofomaha.com.

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