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City of South Bend Instructions:Complete pages 1-3 � ' urti\ <br /> AND the proper Form SB-1 for /E al <br /> Petition for Incentives the type of abatement(real <br /> property or personal property) <br /> � <br /> Petition must include a$250 filing fee payable to the for which you are applying. <br /> "City of South Bend"before processing can be complete <br /> General Information Project Name Project Number <br /> Legal name atate red with Momentum Development LLC <br /> Secretary of State P Group <br /> Business structure LLC-limited liability <br /> Company website momentumsb.com <br /> Proposed Project Information <br /> Proposed project address 510 S. Main Street Parent company name None <br /> City,State,Zip South Bend, IN 46601 Legal owner Momentum Development Group LLC <br /> Site acreage or acreage required Is the real estate owned Owned <br /> acres or leased? <br /> Square feet of facility —52,000 If leased,by whom? <br /> Primary Contact Information <br /> Primary company contact name Mark Neal Title Member <br /> Address of company contact 321 S. Main St,Apt 306 Phone 574-339-9406 <br /> City,State,Zip South Bend IN 46601 Email mneal@bradleyco.com <br /> Senior Official Information <br /> Company senior official name same as above Title <br /> Address of company contact Phone <br /> (If different from above) <br /> City,State,Zip Entail <br /> Consultant Information/Agent <br /> Hired business consultant/agent name n/a Consultant release?(V/N) <br /> Address Local economic development partners <br /> approval?(V/N) <br /> City,State,Zip Email <br /> Project Overview <br /> Brief description of your Redevelopment of a 1954 downtown building previously owned by the Salvation Army and purchased by SB <br /> company,project,and why the City Redevelopment Commission in 2019 to be maintained until a private developer could re-purpose it. <br /> property is necessary for Purchase completed by local investors in 2023. <br /> economic growth <br /> Building will be made into an Entrepreneurship hub("Momentum")with co-working spaces,including private <br /> offices. Oher tenants include an—10,000 sq ft commercial kitchen,—2,000 sq ft of ground floor retail space <br /> facing Main Street and—1,000 sq ft cocktail bar. Work will include restoration of the brick facade,new <br /> windows and wholly new infrastructure of plumbing,electric,HVAC systems and built out for co-working <br /> space of—23,000 sq ft with Class A office finishes. <br /> Members(tenants)of Momentum will be small businesses/individuals with a target audience of <br /> entrepreneurs or other innovation focused individuals(emerging small business owners). Private <br /> Commercial kitchen will focus on catering activity in St.Joe county. Retails spaces will be marketed to <br /> prospects to complement the activity of Momentum. <br /> Construction schedueld to begin in Q2 2024 as final architectural drawings and office design to be <br /> completed in March/April 2024. <br /> Certified Technology Park appropriate n/a <br /> Is the project In a Tax Incremental Financing <br /> (TIE)area?If so,which? Yes, River West <br /> Have Building Permits been issued?(Y/N) Number of residential units created by n/a <br /> [Note-Not eligible for abatement If yes] No project <br /> If this is a petition for personal property tax abatement,has <br /> the equipment been Installed? n/a <br /> Investment Details <br /> Public Infrastructure needs Has any 504 funding been What is the value of any equipment being purchased In What is the value of any equipment being <br /> (Off-site of project In dollars) received? Indiana for the project? purchased from out of state for the project? <br /> n/a No >$100,000 unknown at present <br />