Omaha Steel was founded in 1906 near 46th Street and Farnam Street along Saddle Creek Road. It was a steel fabricator producing parts for urban infrastructure and bridges, in addition to parts for truck bodies and trailers. Over time, it would produce other things as well. After building a new 145,000-square-foot facility in Wahoo, Omaha Steel abandoned its longtime home in 2014.

The University of Nebraska Medical Center bought the land in 2019. They developed a plan that would use the bones of the old steel plant for the 170,000-square-foot Catalyst building, which is the key to a broader transformation of the 25-acre site on the western end of Saddle Creek Road. The building will house the UNMC Innovation Hub, which will bring together UNeMed and UNeTech, UNMC’s development arms, in a medically centered incubator space intended to foster collaboration among inventors, entrepreneurs, and others. It will bring high-paying jobs and economic development to the area.

The Catalyst also includes space for businesses, an event center, a food hall, a market, a restaurant, and a beer taproom for Big Grove Brewing. The building is expected to be finished by the end of 2024. Meanwhile, the City of Omaha is spending $30M to build a 750-space public parking garage for the Catalyst and UNMC’s core administration building near 46th Street and Emile Street. The city-owned garage will be built on land leased from the university.

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