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Developer reports more than $20 million invested at Concord Mall, outlines tenant and job prospects
Summary
Industrial Commercial Properties and city staff updated the Redevelopment Commission on demolition, tenanting and job projections for the Concord Mall redevelopment, reporting more than $20 million invested to date and city incentives tied to CF1 compliance due May 15.
Good afternoon, commission. Mike Huber, director of development services for Elkhart City, and Jeff Martin, representing Industrial Commercial Properties LLC, gave the Redevelopment Commission a progress report on the Concord Mall redevelopment project, saying the site has been substantially gutted and repurposed for industrial and office tenants and that private investment to date exceeds $20 million.
The presentation matters because the project converts large, vacant retail space into a mixed business park and could create new local jobs while relying on city incentives tied to compliance reporting. City staff said developers will submit CF1 compliance documents tied to the tax abatement and other incentives, with initial reports due May 15.
Jeff Martin described the construction work completed since late 2023, including asbestos…
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