Laserfiche WebLink
ter . , <br /> '4i = CITY OF SOUTH BEND <br /> t,~ . �` COMMUNITY INVESTMENT <br /> April 8, 2026 <br /> Filed in Clerk's Office <br /> Council Member Troy Warner <br /> Chairperson, Community Investment Committee Apr 8, 2026 <br /> South Bend Common Council <br /> do <br /> South Bend City Hall, 3rd Floor Bikth Bend. IN <br /> South Bend, Indiana 46601 City Clerk,. Souuth S <br /> RE: Declaratory Resolution: Mixed-Use Development Real Property Tax Abatement for <br /> Wharf Partners LLC <br /> Dear Council Member Warner, <br /> Please find the enclosed Declaratory Resolution and supporting information pertaining to a tax <br /> abatement petition submitted by Wharf Partners LLC, an Indiana Limited Liability Company. <br /> This petition package includes: <br /> • Department of Community Investment's summary report <br /> • Petition for abatement <br /> • Statement of Benefits form (SB-1 / Real Property) <br /> • Supporting information <br /> The report outlines the Department's findings relative to the referenced petition. The petitioner <br /> proposes to construct a new mixed-use building at 312-318 E. Colfax Avenue. The building will <br /> total approximately 112,000 square feet and include 30,200 square feet of commercial space <br /> along with 22 to 32 condominiums. The project will complement the Phase 1 building, Three <br /> Twenty at The Cascade, which was completed in 2019. <br /> The total investment for this phase of the Cascade project is approximately $50,000,000. The <br /> project meets the qualifications for a six-year (6) mixed-use development real property tax <br /> abatement. <br /> A representative from Wharf Partners LLC will be available to meet with the Committee on <br /> Monday, April 13, 2026. <br /> If you or other Council members have questions about the report or need additional information, <br /> please feel free to call me at (574) 235-5838. <br /> Sincerely, ___ __ <br /> r- /'� <br /> Erik Glavich <br /> Director, Growth and Opportunity <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> South Bend City Hall,Suite 500 215 S.Martin Luther King Jr.Blvd. South Bend,IN 46601 p 574.235.9371 www.southbendin.gov <br />