Five years ago, the corner of 40th and Farnam didn’t inspire much hope.

Save for a few random storefronts, the street was deserted, and many of the buildings had been boarded up. As money was poured into developing the downtown area, and businesses continued to move out west, it appeared that many locals had simply forgotten about this part of town.

Not Jay Lund.

The commercial real estate broker saw potential in the abandoned midtown neighborhood, which in its heyday was a profitable business district and home to some of Omaha’s wealthiest families. In 2012, he and a few friends bought the building on the corner of 40th and Farnam.

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