SOUTH CURVE – Memorial Hospital is planning a $ 300 million expansion project – including a new patient tower, apartments, hotel and health club – that promises to change the north side of downtown South Bend.
The hospital set out its plans in an application for state funding through the Regional Initiative for Economic Acceleration and Development (READI). They include an estimated $ 240 million expansion at Memorial, as well as the construction of a $ 60 million “integrated health and lifestyle district” just south of the hospital.
According to documents submitted to the state, the hospital expansion could start almost immediately, with a target completion date of June 30, 2026.
Officials at Beacon health system, the parent at Memorial Hospital, did not respond to multiple requests for comment, so it’s unclear whether the project could actually start soon. The system, however, has indicated in the documents that most of the funding for the project is in place.
Demand says the expansion would create 588 new hospital jobs and 600 indirect jobs at local businesses that would benefit from the expansion.
Beacon said she would pay for the bulk of the project on her own, with interim support for roads, parking and sewer work in South Bend and St. Joseph County.
The 211,500 square foot addition to Memorial would include a new patient tower, additional trauma bays and campus-wide improvements. The expansion would allow it to expand clinical services that otherwise would not be available in the area, according to the documents.
While this project is underway, Beacon, in conjunction with Great Lakes Capital and Bradley Co., is proposing to build a complex that would include 145 apartments, a health club, a 125-room hotel, 35,000 square feet of office space. and commercial spaces, and parking for 1,200 vehicles.
The complex would occupy the 300 and 400 city blocks of North Main Street, which are now primarily surface parking lots. The target completion date would be December 31, 2025.
The apartments would be for hospital employees but could also house Memorial patients and their families, depending on demand.
This project includes around $ 36.4 million in private investment and loan sources, and calls for around $ 11.9 million in incentives from the city, likely in the form of TIF funding, and potentially the same. amount via the READI program.
Mayor James Mueller and Santi Garces, the city’s executive director of community investment, called the two projects transformational for the city center, but said details were still being worked out.
“These projects fill in the gaps and reconnect the hospital campus to the rest of the city center,” Mueller said, adding that they would also bring new jobs, residents and visitors to the heart of the city.
Another big project, the project $ 30 million expansion and renovation The Morris Performing Arts Center – just two blocks south of Memorial – is also planned in downtown South Bend.
Morris Performing Arts Center:“Bigger shows and better shows”. South Bend launches renovation project
The Morris project includes a new parking lot attached to the theater, improvements throughout the complex, and the creation of a $ 2 million endowment to keep the facility in pristine condition.
More than half of the money needed for the Morris project has already been accounted for, but officials are asking for help through the state’s READI program to help push the renovation and expansion plan closer to the line. ‘arrival.
Indiana Economic Development Corp. should take its decision on funding READI before the end of the year. The program was originally called the Regional Cities Initiative under the government of the day. Mike Pence.