Heartwood Preserve: what buyers should know about the 500-acre development off Dodge
The biggest single piece of new development in West Omaha is reshaping the 144th and Dodge corridor — here is an honest read on what is built, what is coming, and what it means if you are buying nearby.
Current as of Oct. 2, 2026Rates, prices, taxes, and program details in this article are current as of October 2, 2026 and can change. Confirm current numbers with a lender, the county, or the program before you make a decision. This is general information, not financial, legal, or tax advice.
The short answer
Heartwood Preserve is a roughly 500-acre mixed-use development just south of 144th and Dodge, built on former Boys Town farmland. It broke ground in 2019 and is filling in steadily: offices, restaurants and retail are already open, a 19-acre public park anchors the middle, and housing now ranges from $800,000-plus single-family homes to row houses, duplexes, apartments and a luxury condo building starting just under $1 million. For buyers, it means West Omaha is gaining a walkable core where there used to be farmland — and nearby resale homes sit next to a long construction runway.
Where exactly is Heartwood Preserve?
It sits just south of 144th and Dodge Streets, spreading south toward Pacific Street and west past Millard North High School. If you have driven West Dodge and noticed the wide-open green space with new buildings rising around its edges, that is it. The land was farmland owned by Boys Town before Applied Underwriters became the master developer of the site.
That location matters more than the acreage does. This is not a development on the far western edge of the metro — it is interior West Omaha, minutes from established neighborhoods, with Dodge access in both directions.
What is actually open right now?
Plenty. This is the part people underestimate — they picture a construction site and miss that a real neighborhood is already functioning there:
•Heartwood Park — a 19-acre gathering space that hosts well over a hundred free public events a year, from live music and food trucks to outdoor movies and kids' activities. The Winterland outdoor ice rink returns each November with free skating.
•The greenway system — open to the public and nationally recognized as a model for sustainable urban development. Trails, bike paths and water features run through the site.
•Restaurants and retail — Mahogany Prime Steakhouse, Charleston's and Gunderson's Jewelers are open, alongside several other office and retail buildings.
•Valmont's headquarters — one of the anchor corporate buildings on the north end of the site.
What kinds of homes can you buy there?
This is the question I get most, and the answer has changed a lot in the last two years. There is no longer one price point — there are several distinct products:
Heartwood Estates
The first single-family homes on the site — a 45-acre tract northwest of 151st and Pine, planned for roughly 50 homes at $800,000 and up.
The Arbour
A newer upscale neighborhood north of Pacific Street and west of Millard North High School, mixing row houses, single-family homes and duplexes. Residents will be able to walk to the shops and offices going in at Heartwood Row, with linear park and green space along the western edge.
The Residences
The site's first luxury condominiums — three buildings, 107 units, starting just under $1 million, with floor-to-ceiling windows, underground parking, concierge service and a pool. Construction was slated to begin in early 2026 with the first building expected around 2028. Notably, the first building was already about a quarter reserved before ground was broken.
Rentals — Aerie and Broadmoor
Aerie Heartwood Preserve brings apartments, townhomes and single-family rentals. Broadmoor is building apartments immediately north of Millard North High School around a parking garage that is already up.
What is still coming?
The centerpiece still under construction is Heartwood Row — a pedestrian-oriented main street from Lanoha Real Estate Company, planned with retail, restaurants, entertainment, Class A office space and a Marriott Bonvoy Autograph Collection hotel expected around 2027. Engineering firm Olsson is filling two floors of a four-story building there, bringing roughly 300 employees to the corridor.
South of Pacific Street, work continues on the Applied Underwriters headquarters building. Road improvements on the surrounding arterials are being coordinated with the City of Omaha and the Nebraska Department of Transportation to handle the added traffic — which is worth knowing if you commute through 144th and Dodge.
How to decide whether Heartwood is right for you
1
Be honest about your construction tolerance.
This site has years of building left. If you buy in early you get first pick and a quieter park; you also get trucks, dust and detours. Some people love watching it come together. Some do not.
2
Walk the site at the hour you would actually live there.
Weekday 5:30 p.m. tells you about Dodge traffic. Saturday morning tells you about the park. Do both before you write an offer.
3
Compare it against established West Omaha resale.
At $800,000-plus, you are competing with mature neighborhoods that have grown trees, settled assessments and known schools. New construction here buys you newness and walkability; resale buys you certainty. Neither is automatically the better deal.
4
Read the builder contract with your own agent.
New-construction contracts are written by the seller. Allowances, timelines, change-order pricing and what happens if completion slips are all negotiable-adjacent details worth a second set of eyes.
5
Ask what phase is next to you, not just what phase you are in.
The lot behind yours may be a park, a row of duplexes or an office building. On a 500-acre master plan, that answer exists — you just have to ask for it.
Questions people ask me about Heartwood Preserve
Is Heartwood Preserve a good investment?
The fundamentals are unusually strong for a new development: a corporate employment base on site, a public park programming hundreds of events, and a walkable retail core in progress. That said, entry prices already reflect a lot of that promise. I would buy here because you want to live here, not because you are counting on a quick lift.
What school district is Heartwood Preserve in?
The development sits next to Millard North High School, and much of the site falls within Millard Public Schools. Boundaries can differ lot by lot on a site this large, so verify the assignment for the specific address before you fall in love with it — I do this for clients as a matter of course.
When will Heartwood Preserve be finished?
Not soon, and that is by design. Ground broke in 2019, the hotel at Heartwood Row is targeted for 2027, and the first condo building is expected around 2028. Plan on active construction somewhere on the site for years.
Can I use my own agent on new construction here?
Yes — and you should. The on-site sales representative works for the builder. Bringing your own representation costs you nothing extra in most cases and gives you someone reading the contract on your side of the table.
Do I have to buy in Heartwood to enjoy it?
No. The park, greenways and events are open to the public, which is part of why nearby neighborhoods benefit too. If you like the amenity but not the price, buying within a few minutes' drive is a genuinely smart play.
I am an Omaha native and I watch this corridor closely. If you are weighing Heartwood against an established neighborhood, I will give you the unvarnished comparison — including the reasons it might not be your fit.