Officials in Fort Wayne have begun construction on the $14.5 million Bottle Works Lofts project. The development will include the rehabilitation of the former Coca-Cola bottling plant, which will be transformed into 31 affordable rental units.
The Coca-Cola building will also include an on-site management office, community room, business center, media room, fitness center, outdoor shelter and indoor and outdoor playgrounds, according to Mayor Tom Henry's office. The development will also feature 19 lease-to-purchase single-family homes.
Henry joined representatives from Miller-Valentine Group and Vincent Village for a groundbreaking ceremony Thursday morning.
"Miller-Valentine and Vincent Village are great partners in our work to revitalize southeast Fort Wayne," Henry said in a news release. “Over the last decade, the City, private sector and local non-profits have invested millions in new infrastructure, housing and community buildings in the Renaissance Pointe neighborhood and now we continue to move in the right direction with the construction of Bottle Works Lofts."
The Coca-Cola building was built in 1943 and was purchased by the city in 2012. The city also owns the vacant lots on which the single-family homes will be built.
Henry's office says the rental units in the Bottle Works Lofts building are expected to be complete by the end of the 2019. The single-family homes are expected to be complete by fall 2018.
The project is not the only one in the state involving a former Coca-Cola bottling plant. Plans are moving forward for the $260 million redevelopment of a similar property in downtown Indianapolis, which will be known as the Bottleworks District.
By Mike McCarty Chief Executive Officer, Safe Hiring Solutions
Every time there’s a shooting at a school or a workplace, the arguments begin. We need more police officers stationed in the buildings. We need to arm teachers or encourage employees to carry handguns. We should invest in smokescreen systems or bulletproof partitions. Everyone should hide from the shooter. Everyone should run from the shooter. Everyone should confront the shooter. It’s healthy that we’re discussing safety, but unfortunately, we’re talking...
Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.
The president of Butler University says the new building for the Lacy School of Business will create better engagement for students and faculty. The university unveiled the building Wednesday on the Indianapolis campus. James Danko says the new facility adds five times the classroom space and square footage for the school, which previously didn't have enough space for half of its classes. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman, Danko called...
West Lafayette city officials this week broke ground on the $31.5 million West Lafayette Wellness and Aquatic Center at Cumberland Park. Plans for the 72,000-square-foot project feature a natatorium, three gymnasiums, exercise machines, free weights and community rooms.
By Chad Halstead, Partner, KSM & Tim Cook CEO, KSM Location Advisors
The economic divide in large cities continues to expand. Despite a financial resurgence following the 2007-2009 recession, the system wasn’t fixing itself. Enter Qualified Opportunity Zones (QOZ), a program included in the Tax Cuts and Jobs Act of 2017 designed to boost development in economically distressed communities. In exchange for new investments in these communities, investors receive preferential tax treatment. As traditional as it sounds, the QOZ program is...