Another multimillion dollar development has been proposed for downtown South Bend.

The historic J.C. Lauber Sheet Metal Building at 504 E. LaSalle would be converted into retail/ restaurant/ and community center space.

The same would be in store for a former garage that housed the LaSalle Body Shop at 503 E. Colfax.

Frank Perri is listed as the manager of a private developer known as Greater Lowell Holdings. The company has agreed to spend $3.4 million on renovations and is asking the city to do another $400,000 worth of work there.

A proposed development agreement will go before the South Bend Redevelopment Commission at a meeting set for Thursday.