More developments for "Loft" hotel building
SOUTH BEND, Ind. – The South Bend Common Council is in the fourth stage of developmental talks for the Chase Tower.
So far in the month of October, the council along with the Department of Community Investment, the Bradley Company have passed 3 tax abatements for the building to fund a new parking garage, hotel, and dining area.
On Monday, the Council unanimously passed the 4th tax abatement for the building to fund 85 new apartments.
The “Loft” hotel building, formerly known as the Chase Tower, is a $12.5 Million investment that will bring in 83 jobs.
It’s an update to an iconic building in the city that’s been sitting empty for years.
“This has obviously been a marquee landmark building here in South Bend since 1970,” says Mark Neal, Chief Operating Officer for Bradley Company. “We’re really looking forward to it being a new, revitalized anchor for Main Street.”
The interior demolition work for the apartments will begin sometime in November. The “Loft” hotel and apartments are set to open in the first quarter of 2017.