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11-24-08 Council Meeting Agenda & Packet
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11-24-08 Council Meeting Agenda & Packet
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11/20/2008 2:14:39 PM
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11/20/2008 2:14:35 PM
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
11/24/2008
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~EXF9i~9T <br />Pu~oposed Redeve@opovrent ~ 9rnp~u~overraenYs <br />The owner intends to construct a new building, comprised of approximately 31,8'19 square feet, <br />as Phase IV of its adjacent Gateway Plaza development. The new building will be of similar <br />construction as the existing Gateway buildings and can be demised to 7 units of approximately <br />4,320 square feet each. <br />The new construction will bring additional industrial/office flex space to the South Bend market, a <br />product type that has shown demand in recent months, with low to moderate availability in terms <br />of supply. The building will also accommodate tenants, such as Memorial Health System, with <br />expansion needs, thus justifying their relocation out of the existing Gateway buildings. Adding <br />space on-site to fulfill these needs will enable tenants to remain at the property and consequently, <br />carry out longer lease terms. <br />• -----. <br />;~:., <br />:; , ~, ,, i <br />=. . _ 1 <br />t <br />C' CLEhii(, SG. Eta;.;^, llt. <br />
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