Ground Broken on Major South Bend Development

Posted: Updated:
(rendering courtesy Panzica Building Corp.) (rendering courtesy Panzica Building Corp.)
SOUTH BEND -

Construction on the first phase of a planned $38.5 million development in South Bend is underway. Officials broke ground Tuesday on Three Twenty at The Cascade, which will include up to 18 luxury condominiums as well as three commercial restaurants.

Developer Wharf Partners LLC says the seven-story, 77,000-square foot project will overlook the St. Joseph River in downtown South Bend. It will also feature a terrace that will be connected to the Riverwalk, which is undergoing improvements.

Wharf Partners announced its original plans for The Cascade in 2013, but later pulled those plans back in favor of a redesigned concept. The South Bend Redevelopment Commission has committed up to $5 million in funding for the project, with the potential for additional limited tax abatements for future commercial uses.

Pre-construction pricing for residences at Three Twenty at The Cascade run between $500,000 and $1.5 million. 

"While none have our premier site, other local market developments have proved a capacity for product at this price point, and we already have a third of the residences reserved by depositors," said Frank Perri with Wharf Partners. "Downtown South Bend truly is coming back and market demand is very encouraging. "We’re creating an option for people to move back into town for a simpler, maintenance-free, walkable lifestyle offering a level of quality, culture and amenities simply unavailable elsewhere in the region."

The developer says initial occupancy for the building is scheduled for the fall of 2019. Future plans for the site include one or two additional buildings of similar scale that could be used for other commercial and multi-family residential purposes, or possibly a boutique hotel.

  • Perspectives

    • (photo courtesy of Conexus)

      October Celebrates Indiana’s Vibrant Manufacturing Industry

      Indiana is the most manufacturing intensive state in the country and more than a third of the state’s GDP comes from the industry. The health and wellness of Indiana’s economy is dependent on the state’s manufacturing industry. But Hoosiers face a challenge: it is expected that nearly a quarter of the current manufacturing workforce will be of retirement age in the next 10 years and we lack the generational workforce to make up that gap.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Regal Beloit is closing in Valparaiso. (photo courtesy; The Times of Northwest Indiana)

      Valpo Bearings Plant to Close, Eliminating 160+ Jobs

      Wisconsin-based Regal Beloit Corp. and the union representing workers have reached an agreement about the closing of a helicopter bearing factory in Valparaiso. According to our partners at The Times of Northwest Indiana, the decision will cost between 160 to 170 workers their jobs. 

    • (image courtesy of The Times of Northwest Indiana)

      U.S. Steel Updates Layoff Notice to State

      Pittsburgh-based U.S. Steel Corp. (NYSE: X) has updated the State of Indiana regarding its previously announced layoffs at the East Chicago Tin Mill. The company says 314, rather than 307, workers will be displaced when the mill is idled this fall. 

    • The Columbian Home Products plant was built in Terre Haute in 1902.

      Kitchenware Maker to Close in Terre Haute

      Illinois-based Columbian Home Products LLC has sent a letter to the State of Indiana saying it intends to close its plant in Terre Haute and lay off 82 workers. According to the WARN letter sent to the Indiana Department of Workforce Development, the layoffs will begin on December 1. 

    • The Lawn at White River State Park currently hosts concerts, but is not a permanent venue. (photo courtesy White River State Park)

      White River Park to Break Ground on Permanent Venue

      White River State Park in Indianapolis will Wednesday host a ground-breaking ceremony for a permanent concert venue on its concert lawn. The project, announced early last year, will include a permanent st...

    • Ingram Micro has more than 170 facilities throughout the world.

      Ingram Micro to Make Announcement

      Officials in Plainfield are set to make another economic development announcement Wednesday morning. Few details are available, however the Indiana Economic Development Corp. says executives from California-based Ingram Micro will take part in the announcement.