What Bluestone Development does

Bluestone Development is a privately held, Omaha-based real estate development and property management company founded in 2001 by husband-and-wife team Christian and Debra Christensen. The company develops, owns, and operates urban apartment communities, for-sale rowhouses, townhomes, and condos, with selective mixed-use components, all concentrated within the Omaha metropolitan area. Its portfolio spans 17+ completed projects including Joslyn Lofts (1998-1999), The Mayfair (2001-2002), Studio 15, The Rows at SoMa, The Towns at Little Italy, The Lofts at SoMa, 22 Floors, 9ines, 8 Street, SPACES, ZAG, bos, HELLO, and Dizzy Mule, with nook Apartments and FRAME Apartments currently in development. Product design is the company's primary point of differentiation: Bluestone applies boutique-hotel-inspired, Scandinavian, and Bauhaus design languages to both new builds and historic rehabilitations, and has worked on National Register of Historic Places properties such as The Mayfair.

The company's revenue mechanics rest on two streams. First, rental income from stabilized apartment communities that Bluestone develops and subsequently manages through its in-house subsidiary Roll Bluestone. Second, one-time development revenue from the sale of for-sale residential product (rowhouses, townhomes, condos). Pricing is not publicly disclosed; rental rates and for-sale pricing are quoted directly to prospective tenants and buyers. Direct-to-consumer leasing and sales are supported by a digital-first marketing footprint — a central portfolio site plus dedicated property websites for HELLO, Dizzy Mule, FRAME, nook, bos, ZAG, SPACES, 22 Floors, 9ines, and 8 Street.

Bluestone serves a single customer segment: urban residents and home buyers in Omaha seeking modern, design-forward, community-oriented housing that blends historic character with contemporary amenities. Distribution is entirely domestic and limited to the Omaha metro, with the deepest buildout in the Millwork Commons, SoMa, Old Market, Little Italy, and Saddle Creek neighborhoods. The company remains 100% family-owned, employs 11-50 people, and has no disclosed institutional investors, public listing, or financing rounds — growth has been entirely organic since founding.

Name

Bluestone Development

Legal name

Bluestone Development

Website

https://bluestonedev.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Bluestone Development is a private Omaha-based real estate developer and property manager founded in 2001, specializing in design-forward urban apartments, townhomes, and condos in Omaha's Millwork Commons, Old Market, and Little Italy districts, with in-house operations through its Roll Bluestone subsidiary.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE)

Keywords

• Urban apartment development
• Historic building redevelopment
• Mixed-use real estate
• Property management services
• Residential construction

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Distribution channels2 records

Marketing channels2 records

Core offering

Bluestone Development is an Omaha-based real estate development and property management company that builds, leases, and sells urban apartment communities, townhomes, rowhouses, condos, and mixed-use developments. The company specializes in historic building preservation, boutique hotel-inspired design, and community-centered urban infill projects across Omaha's downtown, Old Market, SoMa, Little Italy, and Millwork Commons districts, while operating property management services through its Roll Bluestone subsidiary.

Product overview

Bluestone Development is a real estate development company specializing in apartment complexes and mixed-use developments in Omaha, Nebraska. The company operates a portfolio of distinct residential products including apartment complexes (Joslyn Lofts, The Mayfair, 22 Floors, 9ines, 8 Street, SPACES, ZAG, nook Apartments, FRAME Apartments), townhome and rowhouse developments (The Rows at SoMa, The Towns at Little Italy, bos townhome-style dwellings), condo developments (The Lofts at SoMa), office buildings (Studio 15), and mixed-use developments (HELLO, Dizzy Mule). The company also offers property management services through Roll Bluestone. Their projects range from small historic redevelopments (11 units) to large-scale communities (up to 250 units), with offerings spanning affordable downtown living to luxury boutique hotel-inspired apartments.

Differentiator

Problem solved

Functional benefit

Brands

• FRAME Apartments: Final act of the residential ecosystem within Millwork Commons, balancing raw industrial roots with refined elegance, 150 apartment units at 13th & Nicholas St.
• nook Apartments
• Dizzy Mule
• HELLO
• bos
• ZAG
• SPACES
• 9ines
• 8 Street
• 22 Floors
• Joslyn Lofts
• The Lofts at SoMa
• The Towns at Little Italy
• The Rows at SoMa
• Studio 15
• The Mayfair

Products and services

• Joslyn Lofts Historic apartment building in downtown Omaha with 29 apartment units, European-style kitchens, and balconies with views of the downtown skyline. Bluestone's first project, redeveloped in 1998-1999.
• The Mayfair Historic building listed on the National Register of Historic Places featuring 11 apartment units combining historic charm and elegance with contemporary amenities, located in the heart of Old Market.
• Studio 15 Office building at 701 South 15th Street, redeveloped in 2003 with original barrel roof, exposed clay tile, and large windows. Also served as Bluestone's first office location.
• The Rows at SoMa Urban rowhouse development featuring 111 for-sale rowhouses in 18 buildings with rooftop decks and a community garden, creating a close-knit front-porch community feel.
• The Towns at Little Italy Upscale city neighborhood project with 38 for-sale townhomes developed on the site of the former Caniglia family restaurant in Little Italy, honoring the area's Italian heritage.
• The Lofts at SoMa Urban-style loft development with 13 for-sale condos featuring two-level living spaces and vast outdoor entertaining areas with downtown views.
• 22 Floors Downtown Omaha apartment building with 22 units featuring contemporary kitchens, modern finishes, and views of the downtown skyline.
• 9ines Modern, affordable downtown living with 24 apartment units located across from the College World Series baseball field.
• 8 Street Apartments Apartment complex in historic Little Italy with 47 units offering downtown views including the Bob Kerrey Pedestrian Bridge, Missouri River, and Iowa's Loess Hills.
• SPACES Boutique apartment living with 154 units designed around a boutique hotel experience, including resort-style pool, complimentary coffee, and fireplace relaxation areas.
• ZAG Multi-building apartment community with 191 units in 3 buildings on approximately 3 acres, featuring Scandinavian design with a zen feel and unique art.
• bos Bauhaus-inspired mixed-use development with 24 townhome-style dwellings and 134 traditional apartment units featuring modern amenities, bridging Saddle Creek and Morton Meadows neighborhoods.
• HELLO Five-story building in Millwork Commons district with 171 apartment units and 11,000 SF of commercial space on the first floor, focused on sustainability, inclusivity, and creativity.
• Dizzy Mule Cornerstone development in Millwork Commons featuring 172 apartment homes in a historic timber-framed warehouse built by M.A. Disbrow & Co., with 18,000 SF of commercial space.
• nook Apartments Development in Omaha's Dahlman neighborhood with 250 apartment units and 7 pocket parks, currently under construction around the newly built Pine Elementary.
• FRAME Apartments Final act of the residential ecosystem within Millwork Commons with 150 apartment units, balancing raw industrial roots with refined elegance through subtle detail and timeless composure.
• Roll Bluestone Property Management Property management services for the apartment communities developed by Bluestone, operated through the Roll Bluestone subsidiary.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Caniglia FamilycoreStrategic or Co-development Partner · 1 January 2006The Caniglia family closed their 60-year restaurant business and partnered with Bluestone to redevelop the property into The Towns at Little Italy, an upscale townhome project. Bluestone worked closely with the neighborhood and family to honor the area's rich Italian heritage while creating luxury housing.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Alliance Residential Company: Nationally active multifamily developer with a focus on urban and suburban multifamily communities. Broader and larger incumbent offering overlapping product type but not Bluestone's boutique urban Omaha focus.
• Trammell Crow Company: Major commercial real estate developer with significant multifamily and mixed-use development practice. Comparable in mixed-use development activity but operates as a much larger platform across multiple U.S. metros.
• Lincoln Property Company: Large national multifamily developer, owner, and third-party manager with a portfolio spanning urban infill and suburban garden-style product. Overlaps with Bluestone in urban apartment development and property management but at materially greater scale.

Direct peers

• RangeWater Real Estate: Privately held multifamily developer and operator focused on Sun Belt and select Midwest markets. Similar developer-operator model with vertically integrated property management, though typically in different metros than Bluestone.
• The Hanover Company: Multifamily developer active in select urban markets across the U.S., building high-density apartment and mixed-use communities. Comparable in its focus on urban core locations, mixed-use product types, and developer-led branding.
• Bozzuto Group: Multifamily developer, owner, and operator known for design-driven, mixed-use urban apartment communities. Directly comparable product offering (boutique-to-mid-rise urban rentals), in-house property management, and emphasis on brand-led design mirror Bluestone's model.
• Woodbury Corporation: Family-owned multifamily developer with vertically integrated property management. Operates as a private, design-focused firm developing and managing apartment communities, similar in scale, ownership structure, and product strategy to Bluestone.
• Berkshire Communities: Multifamily development and investment management platform focused on apartment communities across the U.S. Overlaps with Bluestone in mid-rise urban apartment development and property management.
• Mill Creek Residential Trust: Multifamily developer specializing in apartment communities across select U.S. markets. Directly comparable in multifamily development focus, build-to-rent model, and design-driven urban product positioning.

Regional players

• Noddle Companies: Omaha-based real estate development firm active in multifamily, mixed-use, and commercial projects across the Omaha metro. The closest geographically competing local developer with overlapping product types and submarket exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bluestone Development