MISHAWAKA — An Indianapolis developer is working up plans to fill two empty blocks just south of Beutter Park with a massive building that would include about 230 luxury apartments, retail space and a parking garage.
But this $40 million building hinges on the Regional Cities Indiana grant announced earlier for the St. Joseph, Elkhart and Marshall County area that awaits approval from the state legislature, Mayor Dave Wood revealed Monday. The city of Mishawaka wants to use $8 million of the $42 million grant for this area.
On the outside, the multi-story brick building would have a similar look as those in the Eddy Street Commons, with retail at street level and apartments above. The parking garage would include 150 spaces for the general public, in addition to spaces reserved for tenants. That would meet a need for the area that city staff had studied in recent years.
“We don’t want to be in the public garage business,” Wood said, noting that the city didn’t want to build one itself.
The developer, Flaherty & Collins Properties, would build and own the entire building, he said.
The mammoth, 400,000-square-foot structure would fill the two blocks just north of the roundabout along Front Street, between Hill Street and the Ironworks Building. It would block off Spring Street north of the roundabout.
It is the only project for which Mishawaka applied for the Regional Cities funding, Wood said.