Catalyst is a 170,000 SF Class A innovation hub thoughtfully redeveloped from the historic Omaha Steel Works building, located just west of the University of Nebraska Medical Center (UNMC) at 42nd & Farnam Street in the fast-growing EDGE District.

Blending industrial character with modern design, Catalyst offers a dynamic and collaborative environment for forward-thinking businesses. The building preserves original features like exposed steel beams and a vintage gantry crane*, while introducing flexible office options and high-end amenities that elevate the tenant experience. From private, build-to-suit suites to move-in ready spaces, tenants also enjoy shared perks such as a fitness center, rooftop terrace, café, event hall, and the stunning communal atrium known as the Passageway.

The site’s history dates back to 1906, when it first opened as Omaha Steel Works, producing steel components for bridges, locomotives, and even the Nebraska State Capitol. During World War II, the plant shifted to manufacturing artillery and landing craft components. After sitting empty for years, the building was reimagined into what is now. Catalyst is a space that honors its industrial past while stepping into the future as a hub for growth, innovation, and connection.

Catalyst is uniquely suited to support businesses that value flexibility, creativity, and a sense of community. Nonprofits, creative agencies, corporate teams, and startups alike will find an environment that encourages collaboration through intentional design and shared resources. Open lounges, meeting spaces, and event areas aim to bring together a diverse mix of professionals and industries.

What Prospective Tenants Should Know

With suites ranging from 781 to 8,622 SF, and both move-in ready and customizable options available, tenants can find the right-sized space for their needs. What makes Catalyst stand out is its smart design—over 10,000 SF of premium shared amenities allow businesses to lease less space while still enjoying more perks. It’s a smarter, more flexible way to scale that offers less private square footage, more shared value, and an upgraded day-to-day experience.

As the EDGE District continues to evolve with new development, amenities, and future streetcar access, Midtown Omaha is quickly becoming one of the city’s most vibrant business destinations.

Catalyst sits in the center of that momentum, ready to welcome a wide range of tenants drawn to its historic roots, modern amenities, and forward-looking energy.

At Investors Realty, we’re proud to serve as the leasing team for Catalyst and to be part of bringing this remarkable redevelopment to life. With leasing starting soon, now is the perfect time to establish your place in one of Omaha’s most exciting, future-ready districts.

Catalyst is redefining Omaha’s EDGE District. Explore full marketing materials, photos, and details here.

This article appeared in our company newsletter in September of 2025. Please click here to download the entire newsletter.