[frgeek-michiana] Re: South Bend Range walkthrough today

  • From: Tom Brown <tbrown@xxxxxxxxxxxx>
  • To: frgeek-michiana@xxxxxxxxxxxxx
  • Date: Tue, 08 Sep 2009 11:40:36 -0400

Mike and I completed the walkthrough with the current owner. In our opinion, the plant is nowhere close to occupancy. There are no heat or air conditioning systems. Electricity is available in a tiny portion of the plant. There is no interior lighting and no fire suppression system. Restrooms and plumbing fixtures are damaged so we would have to rent a chemical toilet. There is a dock, but it is inaccessible right now. The building has been stripped by thieves and ransacked by teens, indicating security will be a problem.


Renovating the building will take longer than FGM has to find a new warehouse space. Portions of the building will not meet code without virtual rebuilding; it is a big project requiring considerable capital investment.

On the upside, the building is in the airport TIF (tax incremental financing) district so there is probably capital available from local, state and federal sources as well as private sources. It is located in a low income neighborhood were FGM could have an impact. The plant has over 100,000 sq. ft. of space. There will be adequate parking once adjacent empty lots are converted to parking.

Tom

Tom Brown wrote:
Goose:

Mike and I made an appointment to walk through the former South Bend Range plant on Cherry Street, one block south of west Washington in South Bend. Cherry is several blocks west of Walnut Street. Cherry runs north/south, intersects with Washington and dead ends at the plant so you can't miss it. The appointment is 5:00 PM.

Tom
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