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Midwest Cities Highlighted for Downtown Revivals

Recently the journal of Urban Land discussed the economic trend of redevlopment in the Midwest. South Bend  is a prime example of a growing city with economic expansion due to smart, healthy, and effetcive investment in development. Great Lakes is eager to continue this trend with new developments that will help South Bend grow and sustain as an emerging Midwest city. 

South Bend Attorney Richard Deahl joins Great Lakes Capital as General Counsel & Principal

SOUTH BEND, IND. – Indiana-based real estate private equity firm, Great Lakes Capital (GLC) has hired Rich Deahl as General Counsel and Principal. Rich brings to the firm more than 20 years of legal experience with Barnes & Thornburg LLP, including a decade serving as GLC’s lead outside counsel. Deahl has supported GLC’s growth to its current $500 million assets under management, assisted with launching the GLC Stabilized Income Fund and played a critical role in GLC’s significant public-private partnership ventures. Noteworthy ventures include Ignition Park – a high-tech park developed in cooperation with the City of South Bend and University of Notre Dame – expansion of logistical distribution parks in Northern Indiana; Skyline Tower in Fort Wayne, Ind.; BorgWarner in Noblesville, Ind.; and Wildhorse, an $85 million mixed-use project in Chesterfield, Mo.  

Max Brickman: 'Venturing' Into New Territory

At age 28, Max Brickman is managing director of Heartland Ventures, a South Bend-based venture capital fund looking to connect Midwestern business strengths with coastal technologies. He founded his first successful business at age 15 and led two more start-ups while a student at Indiana University. Thus, he brings entrepreneurial experience of his own to his company's efforts. It's a somewhat unique approach that Heartland takes. Max explains how it works, why he remains bullish on Indiana and the Midwest, and what he sees in the months and years ahead. Learn more at www.heartlandvc.com.

Listen to "Max Brickman: 'Venturing' Into New Territory" on Spreaker.

South Bend's Great Lakes Capital taps Tracey Vallejo as controller
(South Bend, Ind.)  Great Lakes Capital announced today that Tracey Vallejo has joined its team of professionals as controller. Vallejo comes to GLC from Genesis Products in Elkhart, where she worked as corporate controller. Previously, she was an internal auditor with Zimmer Biomet in Warsaw, and for 10 years she served as a manager for Crowe Horwath in Elkhart.

In her role as controller, Vallejo will oversee all financial activities within the company, including cash forecasts, corporate and fund level accounting, investor relations, insurance and fund performance analysis.

Developer eyes two Front Street lots

TRAVERSE CITY — A South Bend, Ind., developer is planning a new building along the Boardman River’s shore in downtown Traverse City

Joe Sarafa, who along with Erik Falconer owns 309 W. Front St., confirmed Great Lakes Capitalhas a purchase option on the lot. Plans sent to the Traverse City Planning Department show a four-story building with 96 apartments, two street-level retail spaces and a leasing office.

December 2, 2018
Premier Scratch Kitchen & Wine Bar Opening in GrandView Development

GRANGER — GrandView, Granger’s newest high-end development, is thrilled to announce Bin 23’s December 4th opening. The scratch kitchen and wine bar, located at 120 Perspective Drive, is the first retail component to open in the development and brings a unique, experiential restaurant to the local area – unlike anything around.

February 8, 2019
South Bend logistics sector booming as potential Amazon center highlights larger trend

SOUTH BEND — Plans for a new Amazon Delivery Center in South Bend aren’t the first major growth in the region’s logistics sector, and won’t be the last according to local developers and industry experts.

March 14, 2019
A Logistics Hot Spot

SOUTH BEND — Ameripex at I-80/90, a 450 acre business park, is swiftly becoming a hub for logistics, warehouse and distributing due to its location and easy access to transportation.

April 9, 2019
Barnes & Thornburg Development breaks ground

SOUTH BEND – Ground was broken today on a new 61,000 SF, five-story office building in downtown South Bend in May 2019. Located at the corner of Main and Jefferson, the property’s main tenant, Barnes and Thornburg, will occupy floors 2 – 4 while the ground floor will provide retail space that is leased to a coffee shop.  Additional retailers will have the opportunity to occupy space when the project is competed in July 2020.

May 10, 2019
150-square-foot spec building to help Fort Wayne attract businesses

FORT WAYNE - Construction on Fort Wayne’s latest shell building is now underway. Fort Wayne Mayor Tom Henry, Fort Wayne Redevelopment officials, and representatives from GH Land Company, LLC – a new partnership involving Jeff Hagerman, Ryan Rans, and Brad Toothaker – and the Hagerman Group broke ground on the property at Community Development on May 10.

May 10, 2019
LATEST SHELL BUILDING SET TO ACCELERATE ECONOMIC DEVELOPMENT EFFORTS IN COMMUNITY

FORT WAYNE — Construction began on Fort Wayne’s latest shell building is now underway. Fort Wayne Mayor Tom Henry, Fort Wayne Redevelopment officials, and representatives from GH Land Company, LLC (a new partnership involving Jeff Hagerman, Ryan Rans, and Brad Toothaker) and The Hagerman Group broke ground on the property at 8611 Avionics Drive this afternoon.

June 19, 2019
Ground broken on new River Point West development in Elkhart

Ground was broken on Tuesday, June 18, for a $40 million mixed-use development in the heart of downtown Elkhart, bringing together the private, public and philanthropic sectors as part of an unprecedented partnership aimed at redeveloping the 105-acre River District.

June 18, 2019
New grocery store, high-end apartments coming as part of $35 million Elkhart project

City leaders broke ground on a more than $35 million project which is the latest phase of Elkhart’s River District revitalization. The project will include a new grocery store and high-end apartments. The goal is to bring new life to the downtown.

March 27, 2019
New kickboxing fitness gym, 9Round, opens in Granger

GRANGER — 9Round, the fitness center focused on 30-minute kickboxing and boxing techniques, opened it’s doors this week in City Plaza shopping center.

July 22, 2019
Skyline Tower reaches 100% occupancy

Just over one year after Skyline Tower opened its doors to offer a new home to those looking to live in the heart of Fort Wayne’s vibrant downtown, the 12-story apartment building has reached 100% occupancy.

October 1, 2019
Ruth's Chris coming to Chesterfield

Ruth’s Chris Steak House announced it’ll open its third St. Louis area location in the new WildHorse development. It’s expected to open in late 2020. The WildHorse development broke ground in Chesterfield on Wildhorse Creek Road in August.

Mishawaka Bar Louie will move to new apartment building

MISHAWAKA, Ind. (WNDU) The Mishawaka restaurant known as Bar Louie will be moving to a new home, and it’s a place you can call home too.

“It’ll be a three story restaurant/bar where a rooftop access to really enjoy the months of the year we have here that are ideal, with great views and as well, event space,” said Ryan Rans with Great Lakes Capital.

The new Bar Louie will be located in phase two of the GrandView development near Main Street and State Road 23.

GrandView phase two will also contain 178 new apartments including 20 micro-units. 

GrandView Enters Second Phase

MISHAWAKA - The second phase of GrandView construction is moving forward, with plans to bring more economic development to the area. The mixed-use development will promote pedestrian traffic by extending the walkway down from Granger, with connections back to Heritage Square. 

Portage Prairie continues to expand

SOUTH BEND — On Dec. 11, ground will be broken for another distribution facility that will be nearly identical to the neighboring AM General warehouse. The site is being developed with the help of a six-year tax abatement from the city and $450,000 in TIF money to improve sewer and drainage infrastructure in the business park.

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.