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05-12-14 Council Agenda & Packet
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05-12-14 Council Agenda & Packet
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5/8/2014 11:40:42 AM
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
5/12/2014
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City of South Bend p s."nut <br />Petition for Incentives <br />Petition must Include d $350 fjing feelppyoble tp the [fry Clerk's OJJice beJare proressing can be 2omplete 1415 <br />legal name asiegistere1 wnh' SOU etay of ?: Colfax Hill Partners, LLC <br />Business smucture' LLC <br />Company website" ':. colfaxathill.cem <br />Proposed Project Information <br />Propo'Wd proles address `: 525 E Colfax Avenue, South Bend, IN parent "(oinpanY na'ma - "'.; N/q <br />CJty; State, Zip <br />South Bend, IN <br />Legal owner `Colfax Hill Padners, LLC <br />She apeage or acreage required' - <br />Approximately 0.5 Acres <br />Is the real estate ovined or � . Owned <br />Squarefeetoffai:llty - <br />YP983 SP <br />I /leased6p whom N/A <br />Primary Contact Information <br />pBmaryrompaq'y'dnfaci came ', <br />qudm Siemdzki <br />Tide' partner <br />Address of company contact <br />1115 Burns Avenue <br />Phone' 773.343.7416 <br />Clly State,2lp South Bend, IN <br />lEmall Audra @wItaxathill.com <br />Senior Official Information <br />Company senior oHlGal'hSme Audra Siamdzki <br />Title " -� - - partner <br />Address af<ompany contact (it diHerentfrom' Same <br />phone 773.343.7416 <br />City, State; Zip EmaiE Audra @colfaxathill.com <br />Consultant Information/Agent <br />Mir ed bOSi. wnspltant/a Ie. riarhe " Rich Deahl, BamesBThomburg [onsukanfreleaie <br />Agdress <br />100 N Michigan Street, Suite 700 Local egmwmic development partners <br />appronl (Y /N <br />Cltg State, zip <br />South Bend, IN 46601 Emait rdeahl @bbaw.com <br />Overview Project <br />Brief dettrlption`otgnur -" <br />Colfax Hill Partners, LLC was formed to purchase and develop the vacant she located on the northwest comer of Colfax <br />company, Project, and why the <br />pronomic necessary /or <br />Avenue and Hill Street in South Bend, Indiana. Our background is in commercial development and leasing, <br />architecture, and construction primarily obtained in Chicago, Denver, and Wyoming. We are eager to share our varied <br />economic growth - <br />experiences and urban understanding with South Bend through the development 525 Colfax Avenue. We plan to <br />develop a mixed use building consisting of approximately 4,725 SF of ground floor commercial space and 18,275 SF of <br />residential apartments for a total development of approximately 23,000 SF. Our development plan reflects urban design <br />- <br />principles and meets the criteria established in the East Bank Village Master Plan for this infill site which as been <br />- <br />vacant for over 15 years. We will be privately investing over $3.1 M to complete this project and believe that the unique <br />aspects of our design will help to attract and retain the millennial demographic. Community Investment and the <br />Redevelopment Commission have determined that this project is necessary for economic growth and requested <br />proposals in order to choose a development partner. Colfax Hill Partners was chosen because it was determined that <br />we best met the established criteria. This site is surrounded by recent, successful area investment including Eddy <br />- <br />Street, the Triangle Neighborhood, St. Joseph High School, and multiple downtown South Bend projects. The <br />successful development of this site will further the revitalization of the East Bank Village and Downtown South Bend as <br />well as enhance the ongoing area investment. <br />Certified Technology. Park approprkim <br />No <br />Conimunity Bevltallaatbm Enhancement. <br />No <br />Certifythatthe Building permit has not beeh N NYmbet"bti.6 eQk31'rn °pesd9ed by 11 71 - -' 13 <br />Issued <br />dthisisapoitionf?rpe lsonalprop.rKytaaab5tement ;has N/A <br />the equipment been installed <br />
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