By the numbers
• Private investment: $30 million
• Taxes abated: $3.8 million
• Taxes paid: $2 million
• Full-time jobs: 83
• Annual payroll: $2.7 million
SOUTH BEND — The owner of the former Chase Tower is seeking $3.8 million in tax relief as part of a $30 million plan to renovate the building, which has been vacant since July.
Washington Square Realty announced this week plans to convert the 25-story building into a new Aloft hotel with 183 hotel rooms, 83 apartment units and ground-floor retail space.
As of now, the company is seeking three separate tax abatements worth a combined $2.8 million in order to help finance the project, which is expected to create 83 full-time jobs.
The company plans to seek a fourth abatement worth about $1 million in the coming weeks.
Washington Square received a previous tax abatement on the property last April.
At the time, the company planned to spend $5.8 million to renovate the building and return the office space to Class A status. That abatement, which was never processed, will be rescinded.
Washington Square plans to divide the building into four separate parcels — hotel, parking garage, retail and residential — for the purposes of the new abatements.
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