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HomeMy WebLinkAbout5A1 Dev. Agreement (Panaderia Supermercado San Miguel Inc., 2401 W. Western Ave.) - SignedSouth Bend Redevelopment Commission 215 S. Dr. MLK Jr. Blvd., South Bend, Indiana Redevelopment Commission Agenda Item DATE: 9/8/2026 FROM: April Canahuati, Assistant Director of Growth & Opportunity SUBJECT: Development Agreement, Panadería y Supermercado San Miguel Inc. Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. * Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the authorization of the expenditure of such funds shall be void and of no effect. PURPOSE OF REQUEST: Development Agreement with Panadería y Supermercado San Miguel Inc., also known as MorMex, for the expansion of the existing grocery store located at 2401 W. Western Avenue in South Bend. SPECIFICS: The proposed Development Agreement with Panadería y Supermercado San Miguel Inc. would support the expansion of the existing grocery store located at 2401 W. Western Avenue on the City's west side. The project includes construction of an approximately 8,000-square-foot addition, renovation of interior space, and installation of fixtures, equipment, and improvements necessary to support expanded grocery, food preparation, warehouse, and customer service operations. The project is intended to increase access to fresh food and culturally relevant grocery products while supporting continued investment along the Western Avenue corridor. Under the terms of the proposed agreement, the Developer would invest a minimum of $1.5 million in private improvements to the property. The Commission would provide support up to $100,000 in tax increment financing support for public improvements associated with the project, including construction of new asphalt- paved parking areas and installation of new fencing and access gates. The property was previously conveyed by the Commission to the Developer in 2021 for the construction of a new grocery store. The Developer successfully completed that project and received a Certificate of Completion from the Commission in November 2025. This proposed expansion represents the next phase of investment at the site and will further enhance the services available to residents while strengthening a neighborhood-serving business. The project is expected to support neighborhood revitalization, increase access to quality food options, and contribute to the continued economic development of the Western Avenue corridor. Staff recommend approval of the development agreement. _________________________Pres/V-Pres ATTEST: __________________Secretary Date: ____________________ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION ✓ September 10, 2026 September 10