07-16-2007 South Bend prepares for $215 million development

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o�sou TH F dx :J b W eFacE � � y� a 1, a2 1865 Office of the Mayor NEWS RELEASE July 16, 2007 10:35 p.m. South Bend prepares for $215 million development Contact: Mikki Dobski, Director of Communications&Special Projects, (574) 235-5855 or (574) 876-1564 or Tom Price, Assistant to the Mayor, (574) 235-5853 or (574) 514-2169 The first phase of construction on a$215 million project on the doorstep of the University of Notre Dame will begin this summer as the developer begins clearing the 25-acre site for one of the region's largest single developments in decades. The South Bend Common Council on Monday unanimously gave final approval to amend the city's zoning ordinance to allow for the Eddy Street Commons "college town" development. The action will revitalize South Bend's northeast neighborhood, creating a mixed-use commercial, office and residential development on the city's northeast side at the intersection of Eddy Street and Edison Road, due south of Notre Dame Stadium. "This is an extraordinary moment, the culmination of nearly a decade of planning by the city with neighbors, Notre Dame and other partners," said Mayor Stephen J. Luecke, whose administration has worked toward this end since he first became mayor in 1997. "This will be a place of great energy, great creativity and great community where people come together. With the Eddy Street Commons, South Bend will become more than just a wire-service dateline for Notre Dame home football games, but a stronger competitor for economic spending in connection with the state's second-largest tourist destination." The 25-acre project, being developed by Kite Realty Group of Indianapolis, represents a $200 million project that includes: ■ Two hotels—a nine-story, 248-room Marriott Hotel (with three floors of condominium)s and a six-story, 123-room Springhill Suites. ■ 86,500 square feet of retail space, featuring more than 20 stores and restaurants, including a national bookstore chain and an Irish pub mixed with local retailers. ■ 75,000 square feet of office space, including some University offices. ■ 134 town homes, 52 condominiums and a 1,281-vehicle parking garage. On a parallel path, a residential area immediately south of the Eddy Street Commons will