Old Sears Building in Lincoln Ready for Redevelopment Including Partial Demolition | News from local businesses
The old Sears building at the Gateway Mall is about to undergo a makeover, according to documents submitted to the Lincoln-Lancaster County Planning Department.
A letter requesting an amendment to the existing use permit for the site details the plans, which include the demolition of part of the building.
âThe existing Sears Auto service building will be demolished and a mix of retail and restaurant businesses are expected to be constructed,â the letter said. âThe remaining building will be reassigned to commercial uses. “
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The letter calls for an amendment to build up to 16,000 square feet of additional space, which it would appear would be added to the footprint where the auto center is demolished.
The 120,000 square foot building at 6400 O St. has been vacant since March 2019, when the Sears store closed after the company went bankrupt, ending more than 90 years in Lincoln, including almost 50 years. at Gateway.
Elm Creek Real Estate purchased the building in December 2019, along with the former Red Lobster and vacant land, all of which were owned by Sears. The purchase price was $ 6.5 million.
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The letter offered no further details and representatives of Elm Creek Real Estate could not be reached for comment.