South Bend, Ind. Downtown South Bend is apparently ripe for new residential development.
That's the conclusion of a study done by a New Jersey-based private consultant.
The results of the research were discussed Thursday night during a public presentation at the Century Center.
The data reveals that young professionals make up the largest portion of the target market.
And there's potential for more than 1,000 new households to be added to the downtown area every year.
That is, as long as there are enough housing options for them to take advantage of.
South Bend leaders say it's up to the private sector to take the lead when it comes to development, but the city is willing to do its part, too.
“We have to make sure our traffic patterns are set up to encourage downtown development,” South Bend Mayor Pete Buttigieg said. “We always have to make sure that it's safe, and sometimes the city can help with parking, too. There are a lot of things we can do, whether it's laying the groundwork for downtown development, or helping with historic properties getting rehabilitated to kick-start this redevelopment.”
Mayor Buttigieg says he was encouraged by the turnout at tonight's presentation, and the number of developers in the room showing an interest.