06-14-2011 Proposals for apartments and townhome projects approved for 2 downtown sites

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O4SpU TH � O U d W PEACE y 1865 Office of the Mayor NEWS RELEASE June 14,2011 6:15 p.m. Proposals for apartments and townhome projects approved for 2 downtown sites Contact: Mikki Dobski, Director of Communications&Special Projects, 235-5855 or 876- 1564; or David Relos, Economic Development Planner, 235-9371 The historic Hotel LaSalle is being studied by a Kalamazoo developer for potential rehabilitation into 45 to 65 market-rate apartments with lower-level commercial space, while a South Bend developer is planning 10 new townhomes for the East Bank area. South Bend's Redevelopment Commission, today, approved: • A proposed commercial purchase agreement of the Hotel LaSalle, 237 N. Michigan St., by Mavcon Properties, LLC of Kalamazoo, Mich., which will study the hotel for possible rehabilitation with support from both Historic and New Market tax credits. • Preparing a contract for the sale of a 1.266-acre site at northeast corner of Jefferson Boulevard and Niles Avenue to David Matthews of the River Race Townhome Development for 10 townhomes immediately and two potential commercial buildings in the future. "Our economic development staff has been working with these developers for some time and believe these projects have good potential for moving forward," said Mayor Stephen J. Luecke. "These projects would build upon other recent efforts to increase housing opportunities downtown, including American Trust Place and the East Bank Townhomes. Both projects represent the type of efforts that our residents called for in City Plan, South Bend's comprehensive strategy." HOTEL LASALLE: "Staff has, over the years, worked with many interested parties from various parts of the country for the rehabilitation of the Hotel LaSalle," said David Relos, economic development planner for the City of South Bend's Department of Community and Economic Development.