In September 2021, the city of Michigan City issued a request for proposal (RFP) for developers interested in building a mixed-use development on the  city block of the planned rebuilt station (the block enveloped by Franklin, Pine, 10th, and 11th streets). In doing so, Michigan City and NICTD indicated their interest in seeing developer construct a mixed-use development that would include intermodal hub featuring 426 parking spaces, a passenger waiting area, and a train stop for the South Shore Line, ideally with the original station building's facade being restored and reinstalled. The RFP specified that the project could be as many as ten floors high and needed to be finished by the expected May 2024 completion of the South Shore Line double track construction. The city committed to providing $16 million in funding to aid in their construction. On February 23, 2022, it was announced that Michigan City and NICDTD had reached an agreement with Flaherty & Collins Properties for an $80 million mixed-use development. Flaherty & Collins' proposal had been unanimously chosen by a review committee. The development will include, in addition to the new train station, a twelve-story high-rise with 208 luxury residential apartments, more than  of commercial space, and a parking garage with 558 spaces. The development will incorporate the facade of the original station building. The development is slated to break ground in the summer of 2023, open its transit center by May 2024, an finish construction on its apartments by the spring of 2025.