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Studebaker Lofts Hold Grand Opening

SOUTH BEND — Community leaders say South Bend is growing and changing.  The city took another step forward when those leaders cut the ribbon on 46 brand new apartments downtown.  Those apartments are in the old JMS Building.  They're called the Studebaker Lofts.

Downtown South Bend's Studebaker Lofts to open Tuesday

A downtown South Bend development is ready to open tomorrow. A ribbon cutting will take place for the Studebaker Lofts. That's 46 luxury homes in the historic JMS Building in downtown South Bend. Bradley Company and Great Lakes Capital are behind the project. And we're told several people have already signed leases.

Great Lakes Capital: Announces Long-Term Lease With BorgWarner for Indiana Technical Center

(NOBLESVILLE/SOUTH BEND/FORT WAYNE) – Great Lakes Capital (GLC) is proud to announce the execution of a long-term lease to BorgWarner, Inc called the Indiana Technical Center in Noblesville, Indiana.

Great Lakes Capital Announces deal for 315,000 SF Distribution Center in South Bend

(SOUTH BEND) – Locally-owned Great Lakes Capital (GLC), a commercial real estate developer and private equity firm, is pleased to announce that they have signed a 315,000 square foot lease with Communications Test Design, Inc. (CTDI).

 

 

315,000 SF building for Communication Test Design Inc.

5/17/17
GLC has recently broken ground on a 315,000 SF building for Communication Test Design Inc.  The building is located at 5550 Dylan Drive and will be part of the Portage Prairie Industrial Park.  

See the Construction Cam
Studebaker Lofts opening in downtown South Bend

4/4/17
SOUTH BEND — South Bend is seeing more people move downtown and more apartments are opening up. People got to see the Studebaker Lofts Tuesday. These luxury apartments are located in the old JMS building. The owners hosted an open house for Bradley employees before opening it to the public.

When searching for an apartment, Madison Grant was looking for a good price, a view and a lively neighborhood. "I wanted to live in a place where there was a lot going on and a lot to be involved with. And where there was going to be a lot of people around. And also to be in a location where there is a lot of convenience for me to go do things,” said Grant. Grant chose the Studebaker Lofts located in the old JMS building. She says the apartments combine old and new.

Downtown apartments booming in South Bend

3/18/17
ERIN BLASKO | South Bend Tribune

SOUTH BEND – Two new apartment projects are beginning to test the market for upscale housing in the heart of the city, with promising early results. Work is nearly complete on The LaSalle, a 67-unit apartment project in the former LaSalle Hotel, and Studebaker Lofts, a 52-unit project in the former JMS Building.

Meanwhile, people already are moving into the two historic buildings, contributing to a growing population of permanent, full-time residents downtown. The projects, developed with support from taxpayers, represent the tip of the spear in terms of new market-rate housing downtown, with as many as seven similar projects set to be complete by the end of 2019.

HeadQuarters at Ignition Park brings new co-working space for startups to South Bend, Michigan

11/7/16
Great Lakes Capital announced the grand opening of HeadQuarters at Ignition Park, a new co-working space for startups, developed businesses and divisions of national corporations looking for collaborative and innovative work space. HeadQuarters is located within Catalyst I at Ignition Park, a burgeoning tech hub conveniently situated just south of downtown South Bend, Michigan.

What's next for Ignition Park in South Bend?

6/16/2016
SOUTH BEND — Ignition Park, the fledgling technology hub south of downtown, is starting to gain momentum.

Great Lakes Capital has opened two new buildings — Catalyst One and Catalyst Two — at the park. Those buildings are home to a handful of growing technology companies as well as the Notre Dame Turbomachinery Laboratory. More than 100 professionals are working in the park already, and dozens more are expected to join them over the next year.

Brad Toothaker, managing partner for Great Lakes Capital, said the South Bend-based development company hopes to add more buildings in Ignition Park as well.

South Bend firms plans $40 million downtown Fort Wayne apartment building

1/14/2016
FORT WAYNE -- Great Lakes Capital, a South Bend-based private-equity firm, announced Wednesday that it will develop a $40 million apartment building in downtown Fort Wayne.

The 12-story building, which will be known as Skyline Tower, will include 124 apartments as well as 30,000 square feet of retail and office space.

Brad Toothaker, a principal at Great Lakes and Bradley Co., a South Bend-based commercial real estate firm, said the two companies will collaborate to build and manage Skyline Tower for the long term. Both companies also have committed to relocating their Fort Wayne regional offices into Skyline Tower.

Tech companies find a 'more modern' work space at Ignition Park

6/16/16
Catalyst One, one of two buildings that recently opened at Ignition Park, is not a typical office building.

It's starting to fill up with tech workers -- about 70 people already work in the building -- but it's not simply a shelter for desks and cubicles.

The building has a variety of spaces where people can work collaboratively in groups, find some privacy when they need to concentrate or just get a change of scenery without leaving the building.

New tech hub opens in South Bend's Ignition Park

11/2/2016
The old Studebaker manufacturing site in South Bend is now home to a multi-million dollar tech hub. Catalyst One is officially open for business tonight. Millions of dollars in private and public money have gone into the project. 

F Cubed to break ground at Ignition Park

South Bend - F Cubed, a biotechnology firm founded on discoveries made at the University of Notre Dame, will hold a groundbreaking ceremony at 11 a.m. Wednesday at Ignition Park.
F Cubed plans to move into one of two multitenant buildings Great Lakes Capital is constructing for early stage companies at the state-certified technology park south of downtown. F Cubed previously was a tenant at Innovation Park at Notre Dame...

Great Lakes Capital announces AM General lease

9/13/16
SOUTH BEND — Great Lakes Capital, a South Bend-based real estate private equity firm, announced this week that it has signed a 10-year lease with AM General for a new distribution center on the city's northwest side.

The 210,000-square-foot distribution center is located along 5448 Dylan Drive, near the intersection of the Indiana Toll Road and U.S. 31.

Great Lakes Capital met expectations of city officials

1/24/16
When selecting a developer for what would come to be known as Skyline Tower, city officials wanted to be sure the chosen plan would fit with the vision for downtown Fort Wayne.

From an initial six firms, city officials selected Great Lakes Capital from South Bend partly because of the design it put forward. But Greg Leatherman, the city’s community development director, also said that based on Great Lakes Capital’s track record, the firm appeared to be the most likely to succeed.

“It was pretty obvious when we cut it from six to three that three of the people were presenting projects that did not come close to meeting the expectations of the city compared to what was being built next to it. They weren’t compatible,” Leatherman said.

Five of the six initial firms were from Indiana and one was from Ohio. Great Lakes Capital has Fort Wayne and South Bend offices.

AM General signs lease for South Bend Distribution Center

9/12/16
AM General has signed a 10-year lease to use Great Lakes Capital's South Bend Distribution Center I.
The new center will offer more than 200,000 square feet and will be located off of I-90 at Dylan and Chet Waggoner Drive, in South Bend's most active industrial area.

"GLC partnered with the City of South Bend to develop SBDCI, as they both recognized the largely unmet, but high-demand need for large shipping and distribution centers that are centrally located within the Unites States," GLC said in a media release. "Their notion was vindicated when GLC signed AM General to a 10-year lease, prior to the building even being fully constructed."

Great Lakes Capital to develop $40 million Skyline Tower project in Fort Wayne

1/18/16 
Great Lakes Capital has reached an agreement with the City of Fort Wayne, Indiana, to develop Skyline Tower, a $40 million mixed-use development and the key project that will complete the Ash Skyline Plaza and Skyline Garage project.

Remodeling began on the historic Citizen Bank and Trust Building

9/5/12
It's also giving the developers a blank slate to start with as they work with the city and Downtown South Bend to create an inviting public use area.

Developers say they purchased the building at a good price when few tenants were left, allowing them to reinvest in downtown.

“In order to keep that momentum flowing, and I think there is momentum,” said Brad Toothaker of Great Lakes Capital. “And occupancy is good and getting better. There was a set back with the recession. But downtown is proving to be a place and a sort a feel, environment that people want. A re-urbanism a move back downtown, so the strength of what is already here and trying to build on that and add value to existing product instead of building new.”

45-acre Gumwood development moves forward

12/10/13
Mishawaka, Ind. A local developer is one step closer to investing millions in Mishawaka’s far northwest side.

On Tuesday night, the city plan commission unanimously approved a request for annexation of the property at Gumwood and Cleveland Roads, just across the road from Toscana Park and Heritage Square.

Great Lakes Capital plans to turn the 45 acres into a mixed-use development that will include apartments, shops, restaurants and even assisted living.

Construction Begins on Skyline Tower

FORT WAYNE, Ind. (WANE) Construction began Tuesday on the Skyline Tower residential and retail development next door to the Ash Skyline Plaza.Ruth’s Chris Steakhouse has committed to anchor the ground-level retail space.

Digi International Acquires SMART Temps

MINNETONKA, Minn., Jan. 9, 2017Digi International®, (NASDAQ: DGII), a leading global provider of machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services, today announced that it has acquired SMART Temps, a provider of real-time foodservice temperature management for restaurant, grocery, education and hospital settings as well as real-time temperature management for pharmacy, blood bank and laboratory environments. Terms of the transaction were not disclosed.

Proposed 'spec' industrial building could bring business to South Bend

Jul 10, 2015
The city of South Bend may soon be placing a million-dollar-plus bet that it can lure some new business to town.

The Redevelopment Commission is taking an aggressive approach by partnering with Great Lakes Capital for the proposed construction of a $7.2-million industrial building in the Portage Prairie Development.

The structure would be built on "spec," meaning that no one has been lined up to lease the space.

Construction Underway On Skyline Tower

10/19/16
Skyline Tower was announced in September 2013 as a twelve-story residential complex with 100 living spaces, and would sit atop the Ash Skyline Plaza’s parking garage.

One year later, development firm Hanning & Bean pulled out, citing expensive losses due to construction delays. Development was delayed, but talks resumed in May 2015. This past January, Great Lakes Capital signed on with the City to complete development of Skyline Tower.

What's next for Ignition Park in South Bend?

By Kevin Allen South Bend Tribune, Jun 16, 2016
Great Lakes Capital has opened two new buildings — Catalyst One and Catalyst Two — at the park. Those buildings are home to a handful of growing technology companies as well as the Notre Dame Turbomachinery Laboratory. More than 100 professionals are working in the park already, and dozens more are expected to join them over the next year.

Brad Toothaker, managing partner for Great Lakes Capital, said the South Bend-based development company hopes to add more buildings in Ignition Park as well.

Click here for the full story.

The Cost of Rent: How the apartment market in St. Joseph County is changing

by Katlin Connin, WSBT 22 Reporter

If you live in St. Joseph County, you might have noticed a lot of construction projects in the area. Developers are building more than seventeen apartment complexes and condos in South Bend and Mishawaka alone. That means around 700 units coming online by the end of the year.

"There's been a lot of interested and excitement that just hasn't been downtown," says Bill Schalliol, executive director of economic development for the county.