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South Bend Redevelopment Commission <br />Regular Meeting —June 14, 2011 <br />Bend. He is aware of the city's intent to <br />develop housing at the former Transpo site <br />on Northside Blvd. He said there's not a <br />market in the area for anything other than <br />single family detached homes. He would <br />like to provide an urban housing option for <br />people in the area and increase demand for <br />urban housing. He's gotten a lot of positive <br />feedback on the East Bank Townhomes. <br />Some people have said they moved here <br />three or four years ago and there weren't any <br />urban condos available, so they bought <br />single - family homes in and around South <br />Bend. By doing these projects, he would like <br />to show that there is demand and a market for <br />denser housing. Then, perhaps, the Transpo <br />site and other East Bank infill could be <br />developed as condos, resulting in more <br />people living downtown. <br />Mr. Matthews noted that he's proposing to <br />construct ten townhomes, each with two car <br />garages, and two parking spaces outside. <br />The northern -most lot on the corner of <br />Washington and Niles will be reserved for <br />future commercial use, as will be the <br />triangular- shaped piece on the south corner <br />of Niles and Jefferson. Mr. Matthews <br />doesn't believe there is much demand for <br />commercial buildings in the area at this time. <br />He will landscape the lot to the south as a <br />piazza or a park. There will be plenty of <br />extra parking on the site. Currently people <br />park haphazardly on the lot. He believes he <br />can get 121 parking spaces on the site by <br />striping it. The development will be called <br />the River Race Townhomes. <br />Mr. Varner asked Mr. Relos what the <br />disposition offering price was. Mr. Relos <br />responded that it was $339,500. Mr. Varner <br />did not like the sale price to Mr. Matthews of <br />21 <br />