Cost-effective housing in downtown South Bend? Fishers firm is optimistic

SOUTH BEND — Builders have extra hundreds of upscale apartments to downtown South Bend in modern several years but a Fishers-based organization states the city’s core, like quite a few other folks all-around Indiana, requires far more housing for the doing work lousy.

Real The united states, which in 2016 renovated the former Resort LaSalle into the superior-close LaSalle Apartments, is asking the city’s popular council for a property tax abatement to create up to 127 units on an empty large amount the metropolis owns at 504 S. Lafayette Blvd. The web page is now made use of for parking during South Bend Cubs online games.

The company would construct two four-tale, 60-unit buildings and seven townhouses. A person of the structures would consist of flats for tenants earning up to 60% of the city’s about $40,000 once-a-year median family money. The other building’s 60 models and the 7 townhouses would be leased at industry fees.