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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Office of the Mayor <br /> <br />NEWS RELEASE <br />May 17, 2010 <br />2 p.m. <br /> <br />Ground-breaking begins for East Bank Townhomes <br /> <br />Contact: <br />Mikki Dobski, Director of Communications & Special Projects, 235-5855 or 876-1564 <br /> <br />or Sue Solmos, Residential Marketing Specialist, 235-5879 <br /> <br />City officials, business leaders and the developer of 12 townhouse-style condominiums <br />along the East Bank of the St. Joseph River will break ground at 9 a.m. Wednesday (May <br />19) for construction of the first six units of the East Bank Townhomes. <br /> <br />David Matthews, principal of East Bank South Bend LLC, already has sold two <br />condominiums for the new East Bank Townhomes and is finalizing another two <br />contracts. He plans to build six units this year and another six in 2011. <br /> <br />The ceremony will take place at the northwest corner of Sycamore Street and Colfax <br />Avenue near the riverfront. Parking is available at the west end of the Commerce Center <br />lot. The event is sponsored by Downtown South Bend Inc. and the City of South Bend’s <br />SELL South Bend initiative. <br /> <br />The sale of the former Rink Riverside Printing site was approved by South Bend’s <br />Redevelopment Commission in February along with preliminary site plans. The site was <br />considered to be one of the most prominent available parcels downtown. <br /> <br />The two-story condominiums will have brick facades, nine-foot ceilings and attached <br />two-car garages. Prices will start at $175,000 to $350,000 per unit, ranging in size from <br />1,700 to 3,500 square feet. Units, which are customizable, also will include basements, <br />patios and Juliet balconies. Eight units will face the river. <br /> <br />“The objective with the Rink site is to put up very high-quality townhome housing that <br />appreciates in value, but sell it at a price that young professionals and families can <br />afford,” Matthews said. <br />-more- <br /> <br /> <br />