HomeMy WebLinkAbout5A5 Memo - Elwood Shopping Center (1302 Elwood Ave) - SignedSouth Bend Redevelopment Commission
227 West Jefferson Boulevard, Room 1308, South Bend, Indiana
Redevelopment Commission Agenda Item
DAT E : 9/18/2025
FROM: Joseph Molnar – Assistant Director of Growth &
Opportunity
SUBJECT: Disposition of City-Owned Parcel at 1302 Elwood
Ave (Elwood Shopping Center)
Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res.
* Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the
authorization of the expenditure of such funds shall be void and of no effect.
PURPOSE OF REQUEST: Begin Disposition Process of City-Owned Parcel at 1302 Elwood Ave Commonly Known as
the Elwood Shopping Center
SPECIFICS: The Redevelopment Commission (RDC) approved a purchase agreement on October 24th, 2024 to
acquire the property located at 1302 Elwood Ave, commonly known as the Elwood Shopping Center, for the
purposes of redevelopment for a new neighborhood.
The attached three documents - Bid Specifications, Noticed of Intended Disposition, and Resolution establishing
offering price – are the beginning of the process for the property to be redeveloped and set the following
conditions for a bid on the Property:
- $907,000 minimum bid (average of two appraisals)
-All bids will be due by 9:00am on October 23, 2025 and opened publicly at the RDC meeting on October
23, 2025
-During the review process, emphasis will be placed on compatibility with and support of the goals and
objectives of the surrounding businesses and neighborhood and the Development Plan for the River
West Development Area
_________________________Pres/V-Pres
ATTEST: __________________Secretary
Date: ____________________
APPROVED Not Approved
SOUTH BEND REDEVELOPMENT COMMISSION
September 25, 2025