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South Bend Redevelopment Commission <br /> Regular Meeting—April 10, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> B. South Bend Central Development Area <br /> (1) continued... <br /> Board of Public Works wanted to eliminate <br /> the perpendicular parking that was proposed. <br /> The commitment now is for Mr. Matthews to <br /> build ten row houses in three years. Shown <br /> were examples of two and three story <br /> townhomes at two different prices; <br /> townhomes at $225,000, which would enable <br /> someone making $40,000 to $50,000 per <br /> year to afford one. Mr. Matthews noted that <br /> at the East Bank Townhomes, the price point <br /> was $180,000, but people added basements <br /> and roof-top decks which then raised the <br /> price. They will close at between $380,000 <br /> and over a half million each. <br /> Mr. Davis asked what color brick will be <br /> used. Mr. Matthews replied that they will be <br /> red in keeping with the structures around it. <br /> Mr. Varner asked what the square footage <br /> was for a three story town home. Mr. <br /> Matthews answered 3,000 sq. ft. Lot size is <br /> 22 feet wide. <br /> Staff requests Commission approval of the <br /> final site plan and building specifications, to <br /> allow the development of this site into 10 <br /> single family townhomes. <br /> Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED THE FINAL SITE PLAN <br /> Mr. Davis and unanimously carried, the AND DEVELOPMENT SPECIFICATIONS FOR THE <br /> Commission approved the final site plan and DISPOSITION PARCEL AT JEFFERSON&NILES. <br /> development specifications for the (FORMER TROEGER SITE <br /> disposition parcel at Jefferson &Niles. <br /> (former Troeger site) <br /> 20 <br />