Indiana Tech Planning Electric Works Space

Posted: Updated:
The first phase of the Electric Works project is slated to begin in 2018. The first phase of the Electric Works project is slated to begin in 2018.
FORT WAYNE -

A mixed-use innovation district in development at the former General Electric site in downtown Fort Wayne has landed a new tenant. Indiana Tech has signed a letter of intent to lease 10,000 square feet of space in a more than 100-year-old building at Electric Works. 

Indiana Tech says it is working with the Electric Works development team to explore options for the most appropriate use of the space. The university says it will enter into an official lease once those plans are further developed.

"Indiana Tech has long been a partner to our community in providing quality educational opportunities for students of all ages," said Indiana Tech President Karl Einolf. "As seen in the growth and improvements on our main campus, we also believe in doing our part to help our city become an even better place to live, learn and work. We’re excited about the possibilities created by the Electric Works project and look forward to continuing our work with the development team.”

The space the university intends to lease is located inside building 19 at Electric Works, which developers are planning to turn into 230,000 square feet of rentable space. 

"We are thrilled to enter into this collaboration with Indiana Tech," said Jeff Kingsbury with the Electric Works development team. "We are creating a district that will be the convergence of innovation, energy, and culture. It’s through significant and cornerstone partnerships with entrepreneurial, future-focused and locally invested organizations like Indiana Tech that Electric Works will find its roots for growth and success."

Last week, the Indiana Economic Development Corp. approved a tax incentive for the $213 million first phase of the Electric Works project. Work on the first phase, which will include more than 616,000 square feet of space, is expected to begin in 2018.

  • Perspectives

    • Expand Your Workforce to Include The Deaf Community

      While there are arguably many minority groups that are grossly underutilized in the workforce, I’d wager that most people do not consider the Deaf community when thinking about diversity and inclusion strategies. The Deaf community shares a unique culture that is closely networked, but few employers know how to tap into this community, which comprises 10 percent of the population. In fact, many people probably see barriers for the Deaf community when it comes to employment...

    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

    • Indiana Lands $21M in Opioid Treatment Funding

      The U.S. Department of Health and Human Services has awarded more than $18 million to the Indiana Family and Social Services Administration. The two-year grant will be used for opioid treatment services throughout the state.

    • The Union Club Hotel was built in 1929. (photo courtesy of Purdue University)

      $30M Gift to Fund Purdue Hotel Renovation

      Purdue University says it plans to use a $30 million gift to transform an existing building into a world-class hotel. The gift from Bruce White, a Purdue alumnus and former trustee, his wife Beth, and the Dean and Barbara White Foundation, will fund the renovation of the Union Club Hotel, which will also serve as a laboratory learning environment for students. The university says the renovations will feature upgrades in furnishings, fixtures, and amenities for the hotel, as well as a...
    • MainSource to Acquire Kentucky Bank

      Greensburg-based MainSource Financial Group Inc. (Nasdaq: MSFG) has announced plans to acquire Louisville-based FCB Bancorp Inc., the parent of The First Capital Bank of Kentucky. The nearly $57 million cash and stock deal is expected to be complete by the second quarter of 2017.

    • MainSource Completes FCB Acquisition

      Greensburg-based MainSource Financial Group Inc. (Nasdaq: MSFG) has completed its nearly $60 million acquisition of Louisville-based FCB Bancorp Inc. The bank says it plans to fully integrate all First Capital Bank of Kentucky branches into MainSource Bank locations later in the second quarter.

    • Cottongim Joins Taft’s Municipal And Legislative Team

      Taft Stettinius & Hollister LLP has added Ann Cottongim as director of municipal and legislative relations. In this role, she will direct the firm's objectives involving local and state government affairs by maintaining and nurturing relationships with municipal, county and state officials. She previously served as deputy director and CFO of Aim (Accelerate Indiana Municipalities, formerly known as Indiana Association of Cities and Towns (IACT)).