Another residential development is slated to begin construction in downtown Fort Wayne this year. The announcement was made Thursday.
$20 million in private investment will be met with up to $7 million from the City of Fort Wayne to develop Cityscape Flats. The project includes apartments, row houses, and a parking garage across from Parkview Field downtown.
The City signed a Memorandum of Understanding for the plan with Indianapolis-based Domo Development, that’s scheduled to be formally approved next week.
The City of Fort Wayne is making progress in redeveloping an historic group of downtown buildings.
Mayor Tom Henry announced Tuesday the city has worked with the Downtown Development Trust and other organizations to buy seven buildings and two parking lots in the Columbia Street area, called “The Landing.”
Henry says the acquisitions will allow the city to attract a developer.
The ultimate aim is to create mixed-use residential and commercial spaces, which will help Fort Wayne meet what he calls “the high-demand for downtown housing.”
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.