Redevelopment Commission Agenda & Packet 12.18.25 - Final

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CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – December 11, 2025 Page | 8 for Developer to return the land and close out these agreements. This allows us to pivot ourselves toward the new development, which we believe will be transformative for the area. Vice President Relos inquired about how the original agreement was structured to require construction specifically on Lincoln Way West. Mr. Molnar explained that yes, that’s why this amendment updates the agreement to reflect what was actually built and returns the parcel to RDC. One advantage of multi-parcel projects is that they provide scale and volume; having this single parcel back supports that approach. Secretary Wax expressed concern that, since multi-parcel projects benefit from added scale, returning this single parcel might limit its development potential and create an isolated lot. Mr. Molnar explained that the RDC and BPW still own many nearby properties—north of Lincoln Way West and on North Sherman—so there is ample remaining inventory. This parcel could still be included in future scattered-site development and is not the only city-owned property in the neighborhood. Mr. Jordan Richardson with Property Bros. thanked the city for its support and shared that the team successfully completed a challenging duplex project. With the help of an outstanding team, they delivered unique housing styles with strong returns. While the Lincoln Way lot was not developed, other exciting projects are underway. He expressed gratitude for the City’s trust and support. Matt Barrett asked whether neighbors receive any notice before a certificate of completion is issued, noting that while it may not be legally required, he wondered if any notification process exists. Caleb Bauer stated that it is not part of our process for the certificate of completion. Councilmen Canneth Lee expressed how proud he is of the work Jordan and Tony have accomplished in the First District. They transformed a blighted area into beautiful, high-quality duplexes—and did so quickly. This project has been a tremendous benefit to our residents, and as the First District representative, I fully support their efforts. Danielle Campbell Weiss, Senior Asst. City Attorney, noted that when issuing Certificates of Completion, we rely on the standards outlined in the original purchase agreement. If the developer has met all required commitments, we are obligated to issue the certificate. That is the basis for our determination.