Parkview Field Answers 'Naysayers'

Posted: Updated:
FORT WAYNE -

As Fort Wayne basks in the glow of unprecedented downtown development, fueled by tens of millions of dollars in public-private partnerships, Mayor Tom Henry says interest in the state's second-largest city is showing no signs of slowing down. Henry says at least six projects, including two hotels, are scheduled to break ground in the spring, validating the city as a destination for businesses, tourists and talent. Henry says a hands-on approach to downtown redevelopment has been a key part of the city's strategy for more than a decade. "My feeling is a vibrant, thriving downtown, an exciting downtown, can contribute immensely to economic development," said Henry, on a special Fort Wayne Town Hall edition of Inside INdiana Business with Gerry Dick.

Henry says Parkview Field, which turns 10 years old in 2018, has been a catalyst for growth.

Henry says Fort Wayne's momentum is sparking increased interest from private investors.  

Earlier this month, officials unveiled plans for a nearly $62 million private, mixed-use development along the Fort Wayne riverfront. The seven-story project will be located next to Promenade Park, which is currently under construction and is one of the signature pieces of the downtown resurgence.

Plans from Minnesota-based Continental Property Group include 150 apartments, 20,000 square-feet of retail space and more than 1,000 parking spaces.

In November, plans were released for a new boutique hotel in the city's downtown. The nearly $28 million, five-story hotel will feature 125 rooms, restaurants, ground-level retail spaces and a rooftop entertainment space. The hotel is being developed by Barbara Bradley Baekgaard, co-founder of Fort Wayne-based Vera Bradley Inc. (Nasdaq: VRA), and Oregon-based Provenance Hotels. Baekgaard will oversee the interior design of the hotel.

Additional major projects in various stages of development in Fort Wayne include:

  • The Landing, a $36 million redevelopment of historic buildings
  • Riverfront Promenade, $100 million project to activate the confluence of downtown’s three rivers (2017-21; Watch construction progress)
  • Electric Works, a $300 million redevelopment of the historic former GE campus into a live, work, play community;
  • STEAM Park, a $180 million science, technology, engineering, arts, and math campus.

A $105 million downtown event center, which would also serve as an expansion of the Grand Wayne Center, was recently put on hold by Mayor Henry. "We threw a lot at our citizen base very quickly, with the hotels, restaurants and mixed use development," said Henry, who expects the project to come back as other, ongoing developments mature. "I think the event center is in our future," said Henry.

Watch the full Tom Henry interview:

  • Perspectives

    • Creating a Customer-Centric Marketing Strategy For Your Healthcare Business

      Obtaining and retaining customers is critical, especially in highly competitive markets like the healthcare industry. But, differentiating your organization with an exceptional customer experience can help you stay ahead in the $3.4 trillion industry. According to McKinsey, 70 percent of buying experiences are based on how the customer feels they’re being treated. Now more than ever the customer’s satisfaction needs to be at the top of focus for companies looking to...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Infosys Picks Indy For Training Center, 1K Additional Jobs

      Inside INdiana Business has learned that India-based tech giant Infosys (NYSE: INFY) will house a USA Training Center at the old Indianapolis International Airport site. The plans involve 1,000 new jobs, on top of the company's previous commitment of 2,000 new jobs as part of its downtown technology and innovation hub. Vice President Mike Pence will join Governor Eric Holcomb and others for the official announcement Thursday in Indianapolis.

    • 'Supercar' Assembly Operation Planned For Purdue

      The England-based manufacturer of a car billed as the fastest street-legal vehicle on the road has selected the Discovery Park District at Purdue University for a showroom and assembly facility. Keating Supercars LLC will produce its first model to be sold in the U.S., the Viperia Berus coupe, which is capable of reaching speeds greater than 230 miles-per-hour. The company is slated to cut the ribbon on the showroom late next month and eventually ramp up production at Purdue to...

    • IN3, formerly API, involves major defense, govermental, economic development and academic stakeholders from throughout the state.

      New Name, First Contract For Defense Tech-Focused Institute

      Indiana Innovation Institute, formerly known as the Applied Research Institute, is kicking off a rebranding with the announcement of its first contract. The $2.3 million trusted microelectronics collaboration with Purdue University also includes researchers and personnel from the Crane Naval Surface Warfare Center, Indiana University and the University of Notre Dame. The work involves rapid development of counterfeit-resistant technology that is immune to global attacks.

    • Manufacturer Adding Production in Daviess County

      Florida-based ISOFlex Packaging will Tuesday celebrate the opening of a third production line at its facility in Daviess County. The company, which produces specialty plastic films and bags, will add a small number of jobs as a result. The company has invested more than $4 million into the new production line. The facility originally opened in 2014 following a $25 million investment by Alliance Barrier Films, which was acquired by ISOFlex in January.

    • (Image courtesy of Greater Fort Wayne Inc.)

      New Women's Network Starts Up in Fort Wayne

      Greater Fort Wayne Inc. has launched an effort to drive connections among northeast Indiana organizations, networks and individuals supporting and empowering women. The GFW Inc. Women's Network will support career enrichment and professional development initiatives, as well as host events and programs focused on embracing diversity and boosting quality of life. Director of Investor Services and Programs Jami Thomas says it's the right time to establish the program.