Fort Wayne Mayor Tom Henry has announced that a key partner in the nearly $100 million Ash Brokerage development downtown has pulled out of the project, leaving the building’s residential component without a developer.
The news came Thursday that Hanning & Bean Enterprises removed itself from the Ash project. The developer was in charge of the Skyline Terrace, a 17-story residential component comprising apartments, townhomes and condos.
The City of Fort Wayne asked and its residents answered – nearly 2,600 people responded to a survey about what they’d like to see in the future of downtown riverfront development.
Recreational uses, both on and next to the river, had the most positive responses from the survey – followed by natural habitats and simply interesting places to sit. Mixed use development was close behind.
People weren’t as interested in housing and winter activities on the river, however.
City and business leaders officially broke ground Thursday on downtown Fort Wayne’s largest new development.
The project is broken up into two components: the “Ash Skyline Plaza” and the “Skyline Terrace.”
A groundbreaking ceremony commemorated the start of construction on the 98 million dollar mixed-use development. The project is funded by the public-private partnership of Ash Brokerage Corporation, Hanning and Bean Enterprises and the City of Fort Wayne.
The City of Fort Wayne has been awarded $33 million in federal funding for future development projects. Mayor Tom Henry made the announcement Wednesday.
The City of Fort Wayne is the only entity in Indiana to receive funds from the New Markets Tax Credit Program this year. It grants tax credits to investors for development projects in low-income communities.
In 2008 Fort Wayne received approximately $15 million from the program, which went towards completing the Harrison project downtown.
The Ash Brokerage project set for Downtown Fort Wayne is getting bigger. And it's getting more expensive.
The news came Thursday as Fort Wayne Mayor Tom Henry and the project developers announced the signing of the development agreements for the building. The site is expected to take up nearly a full city block bordered by Wayne, Harrison, Berry and Webster streets.
The building includes office space for Ash Brokerage, condominiums, first floor retail space and an underground city parking garage.
Fort Wayne’s future now has a storefront. City residents will be able to learn about and offer input on community projects in person. Mayor Tom Henry officially opened the Envision Fort Wayne Center on Monday.
The center, located at 916 South Calhoun Street, currently features displays and information about riverfront development and the Downtown Fort Wayne Plan. It’s designed to be an open house of sorts – a space open for the public to engage with city government, planners, architects and artists.
Fort Wayne Mayor Tom Henry announced a proposal today to help renovate the University of Saint Francis’ downtown campus. The proposal would be paid for with the City’s Legacy Funds.
Henry says Fort Wayne is a center of education, and the city should capitalize on that benefit. He says "a lot of people don't realize that we have truly a college town. We have over 30,000 college students in this city."
USF plans to further renovate the Scottish Rite Facility on Berry Street, which is now their Performing Arts Center.