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City of South Bend Instructions:Complete pages 1-3 <br /> AND the proper Form SB-1 for <br /> Petition for Incentives the type ofabatement(real - <br /> property or personal property) <br /> Petition must include a$250 filing fee payable to the for which you are applying. <br /> "City of South Bend"before processing can be complete <br /> General Information Project Name Monroe Street Arts Buildings Project Number <br /> Legal name as registered with <br /> Secretary of State Penny Hill Homes LLC <br /> Business structure Limited Liability Company <br /> Company website https://www.pennyhillhomes.com/ <br /> Proposed Project Information <br /> Proposed project address 425 S. Michigan Street Parent company name Penny Hill Homes LLC <br /> City,State,Zip South Bend, IN 46601 Legal owner Penny Hill Homes LLC <br /> Site acreage or acreage required is the real estate owned Owned <br /> 0.3 or leased? <br /> Square feet of facility 50,000 If leased,by whom? <br /> Primary Contact Information <br /> Primary company contact name Sarah Hill Title Owner <br /> Address of company contact 1512 E.Wayne Street Phone 706-206-1363 <br /> City,State,Zip South Bend, IN 46615 Email pennyhillhomes@gmail.com <br /> Senior Official Information <br /> Company senior official name Title <br /> Address of company contact Phone <br /> (if different from above) <br /> City,State,Zip Email <br /> Consultant Information/Agent <br /> Hired business consultant/agent name Consultant release?(Y/N) <br /> Address Local economic development partners <br /> approval?(Y/N) <br /> City,State,Zip Email <br /> Project Overview <br /> Brief description of your <br /> company,project,and why the Penny Hill Properties revitalizes historic real estate near Downtown South Bend and is the property owner for <br /> 425 S.Michigan,along with the 2 adjoining buildings(423 S.Michigan&107 W Monroe)and the adjacent <br /> property is necessary for parking lot on Main street. <br /> economic growth <br /> Colloquially known as the Inwoods Building,425 S.Michigan was built as a Sears Roebuck store in 1927.This <br /> 50,000 sq.ft.brick and concrete building has been vacant since approximately 1999.Despite sitting empty for <br /> an extended period,the building's exterior facade retains its character.After renovation,the restored expansive <br /> storefront entrance will enhance the urban streetscape,while the rear entrance and parking lot will provide <br /> convenient access and provide ample opportunities for businesses to create both indoor and outdoor <br /> experiences.The renovation of this building will have an extremely large impact on this block and on the <br /> Monroe Street Arts District in general,having a positive impact on current surrounding businesses. <br /> Renovate and reactivate the interior and exterior of the building to create spaces for a variety of businesses. <br /> The plan is to provide a mixture of distinct enclosed commercial spaces and an'art market"arcade of <br /> mini-spaces created for artists and small businesses to occupy.First floor and lower level will be the first phase <br /> of the project. <br /> Certified Technology Park appropriate N/A <br /> Is the project in a Tax Incremental Financing <br /> (TIF)area? If so,which? River West <br /> Have Building Permits been issued?(Y/N) Number of residential units created by 0 <br /> [Note-Not eligible for abatement if Yes] N project <br /> If this is a petition for personal property tax abatement,has N/A <br /> the equipment been installed? <br /> Investment Details <br /> Public Infrastructure needs Has any 504 funding been What is the value of any equipment being purchased in What is the value of any equipment being <br /> (Off-site of project in dollars) received? Indiana for the project? purchased from out of state for the project? <br /> N/A No N/A N/A <br />