02-19-10 East Bank Town Homes to overlook downtown skyline

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Office of the Mayor NEWS RELEASE February 19, 2010 1:15 p.m. East Bank Town Homes to overlook downtown skyline Contact: Mikki Dobski, Director of Communications & Special Projects, 235-5855 or 876-1564 or David Relos, Economic Development Specialist, 235-9371 A prominent downtown site could see the opening this fall of the first of 10 townhouse- style condominiums along the East Bank of the St. Joseph River, following a unanimous action today by the South Bend Redevelopment Commission. The Redevelopment Commission gave the go ahead to develop a contract for the sale of the former Rink Riverside Printing site, northwest of Colfax Avenue and Sycamore Street, to Developer David Matthews. The Commission also approved preliminary site plans for the development of the East Bank Town Homes. Both actions will be finalized in the coming weeks. The two-story condominiums will have brick facades, nine-foot ceilings and attached two-car garages. Prices will start around $170,000 per unit, ranging in size from 1,700 to 3,500 square feet. Eight of the units will face the river. The remaining two, at the parcel’s northeast corner, would face south. Units also will include basements, patios and Juliet balconies. “The objective with the Rink site is to put up very high-quality Town Home housing that appreciates in value, but sell it at a price that young professionals and families can afford,” said Matthews, who already has two verbal commitments for units. “Four Realtors called me with clients who are curious. We are quite pleased with the buzz that’s developed on this project.” Mayor Stephen J. Luecke highlighted the project Feb. 15 in his State of the City address as a sign “that South Bend may be seeing the spring thaw to challenging economic times.” “We are pleased to support this exciting private development that will add to the growing