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18-18 Designating Property Tax Abatement Petition - Franklin Street Technology Park, LLC
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18-18 Designating Property Tax Abatement Petition - Franklin Street Technology Park, LLC
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4/18/2018 1:24:33 PM
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4/18/2018 1:24:27 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
4/9/2018
Bill Number
18-18
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'7c;id in Clerk's Office <br /> PROJECT OVERVIEW APR 18 2018 <br /> I <br /> i.• r; Llv'A i FOWLER <br /> _'OUTH BEND,IN <br /> Franklin Street Technology Park LLC proposes to construct approximately 60,000 sqft of flexible use -- <br /> space in three phases concluding in 2022. <br /> The proposed construction will be located on a block just south of the county jail bounded by Sample <br /> Street, Franklin Street,Garst Street and Lafayette Street adjacent to the main campus of Ignition Park. <br /> The intent is to lease the space to various small companies for a variety of uses including light <br /> manufacturing and assembly, service contractors, distribution companies and technology maintenance <br /> and support companies. <br /> Based on an estimate of one employee per 1,000 sqft of space, it is estimated that the project will <br /> support the employment of 60 people. <br /> The first phase, (approx. 30,000 sqft)will be built as speculative space in anticipation of tenant needs. <br /> An additional 30,000 sqft of space will be designed and added as specific needs and tenants are <br /> identified.The space, as constructed, will allow various types of companies to start operations or to <br /> expand into larger spaces.This type of space will complement the larger and higher-end structures <br /> contemplated for Ignition Park. <br /> I <br /> j <br /> I <br /> c <br /> 5 <br /> t <br /> 9 <br />
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