City officials have approved up to $7.1 million in tax-increment financing to help offset expenses such as public infrastructure improvements. Lund-Ross Constructors has started site preparation.

Caye said his group was attracted by Omaha’s diverse economy, low unemployment rate and growing University of Nebraska Medical Center facilities. He expects many of the Duke’s residents will study or work at the medical campus.

The market-rate residences range from studios to two-bedroom units and are expected to be available by summer of 2018. Caye is not worried about filling the units, and said that renting suits the fast-paced lifestyles of many professionals today who don’t want the upkeep of a house.

In an effort to blend in with historic Dundee, Caye added touches including Dundee-style street lamps, planters and trees.

Molly Romero, president of the Dundee-Memorial Park Association, said she was glad Caye sought neighborhood input, and she looks forward to having hundreds more residents on its eastern border.

“We’re in favor of density and we’re in favor of well-designed projects, which this one is,” Romero said.