Eddy Street Commons Update

by Nick Molnar on November 16, 2007

admin note: Here is a more recent update on the Eddy Street Commons from November 6th, 2009. It includes photos of finished buildings along Eddy Street.

Check back soon for an update on the major Notre Dame condos. In the meantime here is a bit about the Eddy Street Commons.

David Compton, vice president of development for Kite, presented information on the Eddy Street Commons today to area Realtors. Here is what I took away from it.

  • The first units are projected to be available Fall of 2009 and the project complete in 2011.
  • There will be several residential housing types in the project, along with hotels, office/retail space, and a large parking garage.
  • Apartments, like retail space, will rent at prices at or above the top of the current market. They anticipate a rate upwards of $1.30/square foot.
  • The most affordable condos for purchase will wrap around the parking garage. They are currently projected to start around $170,000.
  • The “courtyard townhomes” south of Napolean Street will be the most expensive housing in the project.
  • The condo-hotel units above the Mariott will be the highest units. They won’t have a view into the stadium.
  • The project is currently waiting for approval of its TIF application to fund construction. That may take until February 2008.
  • There are plans to redevelop “the triangle” area east of Eddy and north of SR 23 that include affordable housing through the South Bend Heritage Foundation.
  • Highline Construction will build the residential units in the project. They are the same builders constructing the Irish Crossings condos east of campus.

For more on other South Bend Area condos, check the Michiana Real Estate Guide and our archives.


{ 6 comments… read them below or add one }

Anonymous November 18, 2007 at 12:40 pm

Normally I would be doubtful of the plans for this project given that similar condo projects have either failed or been in a continual “on hold” pattern. However, since Notre Dame is involved I have a little more faith this will come about. They seem to get what they want and make things happen. Still though, I say I’ll believe it when I see it.

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Anonymous 2 November 19, 2007 at 2:55 pm

There is a lot that goes into development projects and many things can put one “on hold” for many months…. However, ND is behind this, got their tax advantaged financing (as if they really need that…ND doesn’t pay property taxes on its real estate on-campus). With Kite and ND on it, something will happen, albeit slower than originally anticipated because of the current real estate and financing market.

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Typo November 19, 2007 at 4:41 pm

It should say “…That may take until February 2008…”

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Nick Molnar November 19, 2007 at 5:01 pm

Thanks for alerting me to that typo. It’s been corrected.

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Tommy D. November 19, 2007 at 8:01 pm

I agree with the first poster regarding a lot of the announced projects are “on hold.” There were supposed to be 2 or three nice sized projects on ND ave south of SR23 that nothing has been going on. Only one parcel was demo’s and that was many months ago. No real visible progress for Eddy Commons yet either. Also, Stadium Village seems to be a no go too. My guess is banks have tightened up lending standards and that must have taken a big bit out of construction and the available pool of buyers. Seems like most projects are on hold, very slow, or scrapped. Coach Weis’ meltdown season didn’t help either.

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Irish One November 26, 2007 at 11:28 pm

Irish Crossings built by Highline Construction are townhomes, not condominiums. Also, the first triplex is currently being framed.

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