Beginning in 2009, Magnum developed an 8-acre city block in the heart of Aksarben Village to create a mixed-use entertainment district. The Aksarben Village mixed-use development is comprised of office, research, technology, retail and residential components. The project name is Zone 5.

The district enhances the live, work, play, learn environment by combining corporate office; residential; lodging and hospitality; health and fitness; theater; food and beverage; and retail. This mix of uses has proven to be a creativity magnet to attract and retain international talent and technology investment because of its proximity to the University of Nebraska – Omaha campus, the Peter Kiewit Institute, the Scott Technology Center, the Scott Conference Center, the College of Saint Mary and the University Medical Center.