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