It’s the kind of development that apparently comes around ‘twice’ in a lifetime.

The $200,000,000 Eddy Street Commons development that began in 2008 south of the Notre Dame campus is ready for round two.

“It’s about a $100,000,000 to 150,000,000 in overall private investment on the developer’s side of the house,” said Brian Pawlowski, Acting Executive Director of the South Bend Community Investment Department.

Phase II of Eddy Street Commons will look a lot like Phase I in that there will be rows of multi-story brick buildings lining both sides of the street—this time, from Napoleon south to State Road 23.

“Differently, will be a little bit more density, in the residential space I think. There's definitely an attempt to go after a neighborhood feel where the town homes are concerned,” said Pawlowski.

Phase II plans now on file with the city show three and four story buildings along Eddy that will house 407 residential rental units.

Plans along Georgiana Street call for 18 new two-story townhouses.

A diagram depicts just one dedicated retail space on the north edge of the development, while the south edge calls for a 25,000 square foot grocery store.

“If the grocery store is built here I think it'll be is the plan, calls for 25,000 or so square feet. It’s certainly a smaller neighborhood style market that’ll serve the immediate vicinity but there will still be plenty enough demand with all the growth we’re seeing in the downtown for the Martin’s type grocery being contemplated there as well,” said Pawlowski.

A proposed development agreement between Kite and the city sets the minimum level of private investment at $100,000,000.

The city is being asked to sell an Economic Development Bond that would raise some $21 million for the project with the debt being repaid with the additional revenue the new development brings in.

“There’s nothing up front here that the city is doing. This is truly a project that’s going to get built and pay for itself on the back end, which we think is a sign of certainly an economy that’s growing,” said Pawlowski.

The proposed development agreement comes up for review by the South Bend Redevelopment Commission at a meeting set for Thursday morning.

Pawlowski says there are also plans in the works to build a 150-room hotel on the former Logan Center site that was part of plans for Phase I but never carried out.