Construction has started on a $42 million, 10-story building in South Bend’s East Bank neighbourhood.
.Matthews LLC founder David Matthews said the Dec. 10 groundbreaking represents“the home stretch of a mission we set out a decade ago to start, of helping to improve downtown South Bend.”
The project has been delayed multiple times this year because of work to revamp plans to accommodate an Indiana Michigan Power substation, after its relocation was scuttled last year by residents on Hill Street, the Tribune reported.
Reworking the plans meant making sure they still fulfilled agreements with the City of South Bend and the Regional Development Authority, which governs the state grants awarded through the Regional Cities Initiative. In May, plans met the guidelines for the state money but weren’t satisfying city requirements. But now, all requirements are met, Matthews said.
Overall, the $42 million project will receive $5 million in tax increment finances from the city and $4.9 million from Regional Cities, provided it is substantially completed by April 2020 in accordance with stipulations for the state funding.
The changes will result in a 440,000-sq. ft. structure with two below-ground levels of parking space, three additional above-ground floors of parking, and six floors containing 144 one- , two- and three-bedroom apartments.
Matthews said the entire first floor of the building is reserved for a grocery store. The project is scheduled to be completed in 2020.