SM 10-10-79 - Laserfiche WebLink

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South Bend redevelopment Commission Special Mee ing October 10, 1979 2. NEW BUSIINESS b. Mr.IBlandford continues... We will maintain the existing physical dimensions of the bui ding itself except with the addition of a stair tower on the southeast corner, primarily to do two things...accommodate a mechanical room per floor, provide stairs for the building to meet code. The building, when complete would consist of ten floors of ccupancy with a net leaseable space of 57,000 sq. ft. The bottom, or lower level of the building would be opened up to some extent and would house retail space. The estimated time of completion on this particular project, would be approximately a 14 to 16 month time period. We are looking at a total cost, including soft cost, of approximately 3.7 million dollars. The amount financed on this particular project (we look at it from an equity basis) would be up to 3 m llion dollars of EDC bond financing. We currently have ten ative approval from the Continental Illinois National Banl & Trust Company, Chicago, who also happens to be our cor orate banker. Basically, in a synopsis form that is our app oach to this particular project. Any technical questions con erning the details of the interior refurbishing and treatment of the exterior, I will attempt to answer myself and or pass on to my two associates this morning. Mr. Firth: Basically, what I would like to do is attempt to enlighten you as to what our approach to the actual ren ovation work itself would be. Obviously, we would start out with demolition. It would be our intention to demolish 100% of the existing interior walls with the exc ption of the elevator shafts, the stair tower, and the mec anical works. As far as the exterior demolition process would be concerned, we would demolish large portions of the east wall, the north wall, the south wall, relatively all the wall areas, paying particular attention to save certain areas of the substructure. Advancing to the dev lopment of the project, our main feature of the building would be the external usage. We have proposed to use reflective glass products, manufactured by Pittsburgh Glass Plate Company, which is their 550 -20 series (a reflective solar band). We would use this particular product in all of the viewing areas. We would then use a matching product of spandalite glass in all areas which would haVE the existing column lines and floor lines. As far as the interior of the building is concerned, we would install new partition walls throughout. These partition walls would be Lasically vinyl covered. We would also install throughout the building a new suspended ceiling system. The plumbing, mechanical, and electrical systems throughout the building would be completely reinstalled, and all new fixtures would be used bringing them up to current code. -11-