South Bend, Ind. The housing boom continues in Downtown South Bend.
A site sale approved Thursday will result in the construction of a brand new four story building at the intersection of Hill and Colfax in the East Bank Village.
The $2.9 million project will add 13 apartment units to the mix. The developers are set to break ground in the spring.
“We're not a loft but we would have some of that type of feel higher ceilings, stainless steel open floor plan to really attract that young professional demographic so it will seem high scale but our pricing and what we're looking to do for market rental rates will be feasible for that demographic,” says Audra Sieradzki from Colfax at Hill.
The ground floor of the apartment building will be leased as commercial space. The city owns the development site, but Thursday agreed to sell it for $20,000.