Studebaker Innovation Center/Renaissance Center (2016)

South Bend, IN

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

COMMUNITY IMPACT

Adaptive reuse of a former Studebaker automobile manufacturing facility (built between 1923 and 1946) into office, education, incubator, advanced manufacturing and training space. The Studebaker Innovation Center is the redevelopment of the formerly shuttered Studebaker complex, once one of the largest automakers in the United States. Studebaker closed its doors in 1963 and left the City of South Bend struggling to revitalize the neighborhood and economy over the last few decades. The project involves the restoration of 221,708 square feet along with a new parking lot. Through collaboration with the local community and educational institutions the Project’s mission is to create an innovation center and hire, train, support, and encourage light manufacturing and technology oriented careers. Located in a severely disinvested area where the poverty rate is 41.3% and the unemployment rate is 3.14 times the national average, the Project is estimated to create an excess of 400 permanent, new, quality jobs, as well as 162 construction jobs. Dudley Ventures, through its affiliate Dudley Ventures Advisory Services, LLC, provided structuring, advisory and closing execution services. The New Markets Tax Credit was a critical financial resource enabling the developer to proceed with the redevelopment and transform the historic Studebaker buildings, while allowing for competitive lease rates for non-profit and entrepreneurial space, and providing for an innovative mix of technology, manufacturing and retail opportunities in the low-income community.

Congressional District

Project Map

Other Manufacturing Projects

Chaucer Foods, Inc.

Chaucer Foods, Inc. (“Chaucer”), an Oregon-based supplier to major food producers around the world, opened a new freeze-dried food processing…

Greyston Bakery

New baker facility and distribution center in NY. The profits from the bakery, which does make a profit, are used…

Other Indiana Projects

The Innovation Hub at 16 Tech

The Innovation Hub at 16 Tech
Project City:
Indianapolis,
Project Year:
(2019)

DAK Americas

DAK Americas
Project City:
Richmond,
Project Year:
(2019)

Goodwill Ventures, Inc.

Goodwill Ventures, Inc.
Project City:
Gary,
Project Year:
(2019)
The project replaces the current facility - includes truck docks, a donation drive-thru, an area reserved for the Goodwill Excel Center and Community Career Center, a pound store, office space, ...
Read More

Alliance Steel

Alliance Steel
Project City:
Gary,
Project Year:
(2019)
Alliance Steel is a Flat Roll Steel Service center located in Bedford Park, IL. Alliance was growing at a rate that their existing facility in Bedford Park could not accommodate ...
Read More

Coast OEM

Coast OEM
Project City:
Kokomo,
Project Year:
(2018)
Coast OEM acquired a vacant industrial facility as well as the onsite equipment that hosts the sanitary-ware manufacturing operations. The Company plans to rehabilitate the building and make equipment upgrades ...
Read More

Fort Wayne Boys and Girls Clubs

Fort Wayne Boys and Girls Clubs
Project City:
Fort Wayne,
Project Year:
(2018)
Fort Wayne Boys & Girls Clubs, $8 million. The Fort Wayne Boys & Girls Clubs is a local non-profit that provides after-school and summer programs to low-income, school-aged children. A ...
Read More

Byron Health Center

Byron Health Center
Project City:
Fort Wayne,
Project Year:
(2018)
Byron Health Center, $12.5 million. Byron Health Center is a non-profit facility that provides long-term health care, memory care, skilled nursing care and physical and occupational therapy for vulnerable populations ...
Read More

The Second Helpings Culinary Job Training Program

The Second Helpings Culinary Job Training Program
Project City:
Indianapolis,
Project Year:
(2018)
Granted $97,500, The Second Helpings Culinary Job Training Program promotes productive citizenship and provides an opportunity for individuals to gain industry recognized skills and certifications upon which future successes can ...
Read More

Fort Wayne Rescue Mission

Fort Wayne Rescue Mission
Project City:
Fort Wayne,
Project Year:
(2018)
Fort Wayne Rescue Mission, $10 million. The Rescue Mission is a local non-profit organization providing restorative care to men, women and children experiencing a homeless crisis. The Mission is building ...
Read More

Vestil

Vestil
Project City:
Angola,
Project Year:
(2018)
Vestil is a manufacturer and distributor of material handling products including loading dock equipment, packaging equipment, steel hoppers, fork truck attachments, industrial ladders, industrial carts and dollies, and protective barriers ...
Read More

YMCA of Southwest Indiana

YMCA of Southwest Indiana
Project City:
Evansville,
Project Year:
(2018)
This project involves the construction of a new expanded YMCA building and the demolition of the existing YMCA building. It brought much needed improvements for senior members and individuals with ...
Read More

Marshall County Life Center

Marshall County Life Center
Project City:
Plymouth,
Project Year:
(2018)
Construction loan for community learning and health center. The first structure, 12,000 sq. ft., features an affordable childcare and learning center, workforce development programs and office space for United Way ...
Read More

Northend Community Center

Northend Community Center
Project City:
Lafayette,
Project Year:
(2017)
Northend Community Center, a to-be-constructed, multi-facility, faith-based community center campus located in Lafayette, Indiana. In addition to reviving a blighted six-acre parcel, the new 97,000-square-foot campus provides operating space across ...
Read More

Eagle Railcar Services

Eagle Railcar Services
Project City:
Washington,
Project Year:
(2017)
Eagle Railcar Services acquired, remediated and renovated the former B&O Railroad Servicing facility, with 10 miles of track and 200,000 square feet of buildings located in rural Washington, Indiana (pop, ...
Read More

Lafayette YMCA

Lafayette YMCA
Project City:
Lafayette,
Project Year:
(2017)
In 2017, ground was broken on a $28 million facility that houses a new Lafayette Family YMCA. The project also includes space for Junior Achievement, a Franciscan Health clinic and ...
Read More