11-14-16 Zoning and Annexation - Laserfiche WebLink

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couple hundred (200) parking spots on the site. It's assessed at $2,000,000. We pay about $60,000 a year in taxes. He then presented an image of the site plan. He stated, We wanted a parking structure in the middle, which kind of keeps with the overall plan of the East Bank Plan. He explained that, instead of being on the corner, the parking garage would actually be hidden by a building that would wrap around it. The building would have ground -floor retail, in the form of a pharmacy and grocery store, which would accommodate a neighborhood whose nearest pharmacy is currently two (2) miles away at Edison and Ironwood. The grocery store would also have a deli on the side of the building facing the river. He stated that the East Bank Plan called for the site to have a public area, and that the site would have public space along the East Bank. He stated, This is us creating public space and really trying to do a development that is going to add and help build up the character of our neighborhood. Velvet Canada, Matthews LLC, 401 East Colfax Ave., South Bend, IN, continued the petitioner's presentation. Ms. Canada summarized the aesthetics of the mixed -use: a combination of the Commerce Center's arches with Chicago -style bay windows, which would bring in light for the units and allow one to look down Sycamore; a French style for the supermarket entrance, with a canopy adorned with delicate metalwork and equally delicate balconies where one can look out onto LaSalle; for the center building —the main portion of the store —a more classical inspiration, with recessed balconies as well as those protruding onto the street; and the industrial style already offered by the Commerce Center toward the East Race, relying on metal and brick construction. Ms. Canada showed pictures depicting the proposed building in- context with the East Bank Flats and other Matthews LLC townhomes. She also showed what it would look like from the fourteenth (14th) floor of the County -City Building in context with the rest of the city. Ms. Canada explained that the building is being proposed at twelve (12) stories, at one - hundred and sixty -two (162) feet in height, with an overall height of one - hundred and seventy -five (175) feet to get the elevator and other mechanical features in the building, and a footprint of 32,400 square feet. There would be two - hundred and forty (240) apartments, which would equal twenty - four (24) apartments per floor. The main parking will service the grocery store, with traffic coming in off LaSalle and Colfax. Main parking will have one - hundred and twenty -one (121) spaces, with eighty -four (84) covered, and thirty -seven (37) uncovered. The upper levels will be accessible via speed ramp from Sycamore. It will house spaces for employees and the current Commerce Center area, as well as the apartments. There will be six - hundred and twenty -one (621) spaces. A common green space is currently proposed for the roof deck. Committeemember Oliver Davis requested that the remainder of the petitioner's presentation be shortened to two (2) minutes, as there were few minutes left in the meeting in general. Jonathan Jones, Matthews LLC, 401 East Colfax Ave., South Bend, IN, continued the petitioner's presentation. Mr. Jones stated that the first questions he is often asked regarding market -rate demand is whether or not the multi - family construction taking place in the downtown area is outstripping demand. Mr. Jones contended that the answer to that question was "No." Mr. Jones stated that to elucidate that answer, he needed to delve more deeply into the context of the matter at hand. South Bend is the fourth (4th) largest city within the State. It sits at the center of a multi - county, bi -state region known as Michiana, home to well over 800,000 individuals. If Greater Michiana is accounted for, South Bend is then the cultural and economic hub of a region of nearly 1,000,000 people. It is within a three (3) hour drive of four (4) major 14