The Renaissance District features high capacity and redundant power, scalable data transfers to and from any point on the globe, and nearly a million square feet of virtually indestructible technology- infused space. Now we’ll start growing this space into the powerhouse of ideas, inspiration, and innovation it’s meant to be.” “Hundreds of dedicated individuals and companies have believed in this massive undertaking. That balance between a consummate regard for humanity and the engineering feat of the Renaissance District is what’s drawing people here from all over the world.” “This re-imagined campus is now proving that technology, power and massive amounts of space can be people-friendly and eco-friendly. It’s one of the reasons so many companies and organizations learn about us and then decide to locate here.” “Although we feel very good about the exterior work,” Smith said, “the work we’ve done to infuse technology into this century-old campus is even more satisfying. The most obvious signs of progress over the past three years have included a new boulevard, a significant parking lot on the south side of campus, and restored and upgraded exteriors. That work began in earnest on May 13, 2016, at a formal groundbreaking, keynoted by former Indiana Governor Mike Pence, and attended by South Bend Mayor Pete Buttigieg and former Executive Vice President of the University of Notre Dame John Affleck-Graves.
Phase 3 focused on massive cosmetic and infrastructure work, including highly sustainable heating and cooling systems, and the integration of robust digital and fiber optic systems. Phase 2, which began right after the acquisition, was the remediation and cleanup stage. Phase 1 of the Renaissance District was completed in 2012, when Smith acquired the remaining Studebaker manufacturing buildings, expanding his downtown presence beyond that represented by his ownership of Union Station and Global Access Point. The new tenants to be announced over the next few weeks will add to the richness of the Renaissance District. The Renaissance District, true to its mission, is already home to a broad range of tenants all of which contribute to a sophisticated “live/work/learn/serve” environment-including significant cloud computing companies, major private corporations, prestigious universities, and high-tech R&D start-ups. “Over the next several weeks we’ll be announcing expansions by several existing tenants, and new tenants moving in before the end of the year.” “We’ve always seen ourselves as community champions, and with this new foundation we’re ready to move forward, to see how we can build on our momentum and better serve our tenants and our community,” added Smith. “It’s gratifying to have your life’s work validated by independent third parties and financing sources,” Smith said. Sure to become a case study for others seeking to integrate data, power and real estate into a greater whole, the financing team which includes Draper and Kramer and Streamline Realty Funding approached this as “tech-infused real estate,” something new, that was neither technology nor real estate alone. Smith also confirmed additional capital has been obtained for operational and future development to support the project, making it one of the largest new investments in downtown South Bend in recent years. Existing tenants are expanding, and new ones are moving in.” In a statement released today (September 16), Kevin Smith, President and CEO of IQI, the corporate umbrella for several technology, construction and real estate companies based out of South Bend, said “Thanks to the many people and companies who’ve believed in and worked hard to support what we’re doing in the Renaissance District, we’ve now entered the next exciting phase of this transformational project.
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