South Bend council approves skyscraper tax break

South Bend Council Approves Skyscraper Tax Break

The former Discount Holidays © Holiday Inn and Chase Bank on Washington Street is set for a major renovation with plans to become a new hotel and apartment building. South Bend city leaders have unanimously supported a tax break to renovate the city s tallest building. Chase Bank was one of the final tenants to leave the 25-story building on the corner of Washington and Main Street last summer.

The common council voted in favor of nearly $4 million in tax breaks.
The owner has plans to spend around $30 million to build a new hotel, apartments and a main floor restaurant and bar. Before any of those grand designs can take shape, the building needs millions of dollars worth of interior renovation, starting with the parking garage.
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The building will be known as Aloft and would be a mix of both upscale hotel rooms and apartments. Representatives from Visit South Bend Mishawaka say the renewed interest in the building is exciting news for bringing more traffic downtown.

Doubletree is usually our main hotel for any sort of downtown convention or meeting, and so to have a secondary overflow hotel would be huge as far as bringing in larger groups, communications and PR coordinator Lindsey Horner said.

It really is a top to bottom demolition of all of those systems. Over time, pipes froze so there was water damage. The other challenge is we have a building without any insulation.

So it truly is a cold box, Robert Kraemer said. Kraemer is the principal architect with Kraemer Design Group. The council vote creates tax breaks for the next ten years.

Kraemer staff plan to submit final designs for the building within two months, but repair work on the parking garage could begin next week.

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