Laserfiche WebLink
South Bend�Redevelopment Commission <br />Regular Me ting - November 16, 1979 <br />7. PROGRE S REPORTS <br />a. Mr.1 Brademas continues... <br />Thct .gong- awaited study was teeeived eat.ey in Ju.ey of zh <br />yeat and stated, among other impotrtant �jact6, , the 4o tow ng, <br />►►p esent metAopot tan area o44:ice space o f some 2.7 m-%U -i.on <br />,sq ate fleet Z pto9ecied to inctea6e to atmost 3 m tt on by <br />19M Based on eu,rAent penjotmanee and peanned .imptovements, <br />downtown can teasonabty be erected to captutce 50 to 55 pet- - <br />ce o4 this gnowth. Deducting two o44 ice deve.�opmewt's <br />un eAway, the Memotiat Medieat Building of 20,000 squate fleet <br />and the Fiut Bank Bui.eding o$ 50,000 s quatce fleet, Leaves a <br />neA, demand of 55,000 squcvte fleet o4 downtown Ceass A space <br />by 1982 and a jutthet demand o4 110,000 6quoAe fleet between <br />M3 and 1985 4ot a totat o4 165,000 squati.e fleet by 1985. <br />Thts does not inetude app,%ox imateey 40,000 to 45,000 6quoAe <br />jeo needed by the Fedetat GoveAnment." <br />llhAtheAmo,ke, these 6igutes do not .include ptospective o4Aiee <br />ents not eutvicent?ey toeated in the St Joseph County area <br />vhc m i <br />' ht be ntetLated in moving tegionae on eotpotate <br />he dquatrteu to the downtown South Bend area. They eou.ed <br />ne uite a zigni6.icant amount a6 add%ti.onat o6$.ice space." <br />"T e cu"ent 990 occupancy &a-te in downtown South fiend Ctass <br />A pace us in :i is e.e4 a con4iAmat.ion o4 tenant demand 4ot <br />ad onat competitive o44.ice space." <br />The Ametu.can city Cotpotation'.s tecommendations in the k <br />to oAt on the deve.2opment concept 4ot the Century Malt state <br />the 4ottow.ing in te4etence to the Odd Fetteows Buffed ing, <br />"The buteding has been 4ound to be bas.icatty sound, attAac- <br />ti e and weU toeated. 1n cons.idetr ing the situation 4tom <br />ent mat ket cond%tt.ons 4otc o44.ice space in downtown South <br />Bey d, it would be neeessaty to renovate totatty the intetu.ot <br />and extetr iot o4 the bu td.ing. Such tenovation woui'd .inc eude <br />ceytW aA conditioning, automatic eeevatou, new catpeting, <br />modern tighting j.ixtutes, and new windows. 14 this cowed <br />be done at coasts petmit i4g tents ztcgn.ij ica.ntt y tower than <br />those anticipated in the new FiAst Band Ru.ieding, the Odd <br />F ows Buitding coued pet4otm wet 4ot downtown. 11 <br />woued expand the Lange o4 o44iee .inventoty avaitabte to <br />spective tenants and coined be compteted and tented �sooneA <br />n a new sttuetuAe. Since the two bucrWngs (new Hut <br />k and Odd Fettows) o4�jet two distinct tevets o4 tent and <br />L?,it ie,s, they eoutd be ma&keted to a w.idet Lange o4 <br />3peetive tenants." <br />-28- <br />