Development of multi-million greenback challenge properly underway in downtown South Bend

SOUTH BEND, Ind. (WSBT) — You cannot miss the development that’s underway simply south of Memorial Hospital.

On Thursday, metropolis officers offered an replace on how the Madison Lifestyle District in South Bend is coming alongside.

This improvement mixed with Memorial’s affected person tower represents greater than $330 million funding in downtown South Bend.

WSBT

Drivers heading towards Memorial Hospital in South Bend will discover building occurring close by.

City officers say progress is being made on the Madison Lifestyle District.

“So, going back to March of 2024, the South Bend Redevelopment Commission entered an agreement with Great Lakes Capitol to build a transformative project south of Beacon Memorial Hospital,” stated Erik Glavich, South Bend Growth and Opportunity Director.

Glavich says the Madison Lifestyle Project is on schedule with the present building timeline.

The two blocks south of Beacon Memorial Hospital alongside North Michigan Street will quickly embrace new house models, a resort, industrial house, and a parking storage.

“So, phase one is the northern block. That would be the large surface parking lots that Beacon Memorial employees were parking in,” stated Glavich.

Glavich says the brand new parking storage will praise Beacon’s Patient Tower challenge.

South Bend is staying on observe with the estimated price range.

“The city would be looking at about $24 million commitment on the garage and the developers looking at $102 million commitment for their portion of the project. So, you’re looking at a total project of $126 million or $130 million,” stated Glavich.

Numerous motion has been made within the challenge. Especially with the previous NIPSCO constructing being torn down.

The South Bend Redevelopment Commission permitted the prolonged challenge settlement with their challenge companions. This ensures the challenge goes to be shifting ahead on timelines that everybody agrees to.

“It’s a huge transformational project. It’s great to see the two parking lots, about two blocks of them actually, get built upon,” stated David Relos, SB Redevelopment Commission President.

Erik Glavich says, “There’s significant momentum and we keep seeing developers and parties wanting to invest in South Bend and it’s great.”

City officers anticipate the parking storage to be constructed by the primary half of 2027.

Once accomplished, officers anticipate one other two years till all the pieces is accomplished.