New owner taking over tower
SOUTH BEND — Repairs to resolve a growing list of troubles with South Bend’s tallest building could soon be starting now that it is emerging from more than three years in receivership.
New York-based Washington Square Realty bought the 25-story Chase Tower at a sheriff’s sale for $4.5 million.
The downtown building has faced problems such as balky elevators and an outdated heating and cooling system, along with stone falling from its facade and crumbling concrete that’s exposing rusty steel rebar in the parking garage, the South Bend Tribune reported. The tower houses a hotel and offices, but is about half empty.