Mutual of Omaha Headquarters Tower


The Mutual of Omaha Headquarters Tower is an under-construction 44-story office skyscraper in Downtown Omaha, Nebraska, United States. Upon completion in 2026, it will be tall and will be the tallest building in both Omaha and the state; and will serve as the headquarters of the Mutual of Omaha Insurance Company.

History

Development

On January 26, 2022, then-Mayor Jean Stothert and Mutual of Omaha CEO James Blackledge announced a pair of major developments for the city. Mutual of Omaha will move its headquarters into the downtown core to the site of the former W. Dale Clark branch of the Omaha Public Library. Alongside this, Stothert also revealed plans for a streetcar from the riverfront park to the University of Nebraska Medical Center.
The plan entailed the library branch to be out of its current building by September 2022, with demolition in December. On February 2, 2022, the Omaha City Council voted 4 to 3 to approve lease agreements for a new downtown library location, in a building at 1401 Jones Street, a spot just west of the Old Market. The skyscraper has a projected price tag of $443 million, later updated to $600 million.
On February 25, 2022, Mutual of Omaha requested more than $60 million in tax increment financing. Omaha Planning Department documents and plans submitted to the city refer to the tower as "Project Beacon." The skyscraper will include of office space and 2,200 parking stalls, which would be open to public use during evenings and weekends.

Construction

Groundbreaking of the Mutual of Omaha Headquarters Tower occurred on January 25, 2023, with Mayor Jean Stothert noting that "our goals are the same, to rebuild and reactivate downtown through development".
In April 2025, the Mutual of Omaha Headquarters Tower reached an estimated height of and 32 stories, and installation began of glass panels on its exterior. By September of that same year, the buildings shear core reached above, surpassing that of First National Bank Tower. In October 2025, the building's shear core topped out.

Design

The skyscraper will feature a street-level lobby with a conference center and an “experience center” to share Mutual of Omaha's history, brand, and impact. A five-floor sky lobby will offer food service, a fitness center, wellness services, technical support, and conference and meeting spaces. Landscaped outdoor terraces on the sky lobby’s 16th to 18th floors will provide outdoor dining and views of downtown Omaha. A two-floor conference facility, planned to be on the 44th floor, will contain a large conference room as well as a variety of other meeting spaces.