05-17-10 Ground-breaking begins for East Bank Townhomes

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Pg. 2 Mayor Stephen J. Luecke highlighted the project in his 2010 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 number of downtown residences,” Luecke said. “These new condominiums will provide an exciting option for young professionals or empty-nesters seeking the quality of life provided by a residence overlooking downtown and connected to our Riverwalk.” Overlooking the Morris Performing Arts Center, the 0.83-acre site was acquired by the commission and cleared in 2005 after the relocation of Rink Riverside Printing. Matthews also is developing the Ivy Quad luxury condominiums just east of Ivy Field and the University of Notre Dame campus. Ivy Quad is the only private residential development in northern Indiana seeking LEED (Leadership in Energy & Environmental Design) certification through the U.S. Green Building Council. The first of 10 buildings planned for Ivy Quad is already complete with eight units finished. Another five units in a second building are nearly complete with two more scheduled for completion by August. The Ivy Quad units range between 1,400 and 6,000 square feet. Prices range from $230,000 to $1 million. “There are a huge number of people from Granger looking at downsizing. They come to Ivy Quad because they want an urban lifestyle and to be environmentally responsible,” said Matthews, who sees the East Bank Townhomes as a site that will be more attractive and affordable for people already in the area. While Matthews is not seeking LEED certification, he said the East Bank Townhomes will incorporate green environmentally responsible materials and sophisticated construction methods yielding superb energy efficiency.” More details about the project are available at www.EastBankSB.com - 30 -