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

    • Filing the Gap Between Background Checks

      Because I run a background screening company, you might be surprised when I confess that there’s a huge inherent flaw in background screening. The flaw isn’t in our services or our people, both of which are remarkably thorough. The problem is that a background screening captures a moment in time. Whether you screen someone as part of the pre-employment process or check on their background a decade after you’ve hired them, even the most effective background screening...
    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

    • Shelly Timmons

      IU Health Names New Leader of Neurosurgery

      The Indiana University School of Medicine and IU Health Physicians have named Shelly Timmons to lead the department of neurosurgery. She previously served at Penn State Health Milton S. Hershey Medical Center as vice chair for administration in the department of neurosurgery and director of neurotrauma.  

    • (Photo Courtesy: Roche Diagnostics)

      Roche VP on List of Influential Women Executives

      An executive with Roche Diagnostics has joined an exclusive list of prominent and influential women, including Oprah Winfrey and Serena Williams.  Cindy Carlisle, Vice President of Human Resources at Roche Indy, was named to Savoy Magazine’s 2019 Most Influential Women in Corporate America. 

    • New Mixed-Use Development Planned for Fishers

      A new mixed-use development is coming to Fishers. Thompson Thrift Retail Group has announced the development of The Station, an office building that is part of an overall project that includes a 150-room hotel, a future retail pad along 116th Street and nearly 40 3-story townhomes.

    • Muncie Official, Business Owner Indicted for Fraud

      The district administrator for the Muncie Sanitary District and a Muncie business owner have been indicted on multiple charges, including wire fraud. U.S. Attorney Josh Minkler's office says Debra Nicole Grigsby and Tony Franklin were allegedly involved in a kickback scheme involving contracts for infrastructure projects.

    • Baby Boomers Are Impacting the Building Industry

      There are currently 78 million baby boomers in the U.S., making up 25% of the population and controlling 67% ($28 trillion) of the country’s wealth, according to the Living In Place Institute. AARP says 90% of people surveyed want to remain as long as possible in their homes. The majority of those 65 and older remodel their home to make it safer and accessible. In fact, 45% of all remodeling work is being done for people over the age of 65. With this amount of data supporting...