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

    • A Pro Photographer Can Be Your Best Friend

      It's no surprise that an estimated 8.8 trillion photos were taken worldwide during 2018, given that most of us carry high-quality cameras in our phones. But shooting all those photos doesn't make us photographers. Digital technology has become a powerful equalizer in so many ways. Everyday people have access to tools that are far more sophisticated than what professionals had at their disposal a couple decades ago. High-school-age musicians can craft 24-track studio recordings in the...
    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

    • Local Real Estate Team Appoints CEO

      Evelo Team, with Keller Williams Realty, has promoted Hannah Perkey to chief executive officer. She started with the team in 2015 and most recently served as director of operations. As CEO, Perkey will continue in the role that she has expanded into which includes oversight of all daily activities, leading the sales team, and providing strategic direction to the team.

    • Chamber Unveils 'Best Places to Work'

      The Indiana Chamber of Commerce has released its list of the Best Places to Work in Indiana. This year's list features 125 companies throughout the state, including more than 40 that were not on the list last year. The chamber will unveil company rankings April 30 at an awards dinner at the Indiana Convention Center in downtown Indianapolis. Winners are sorted into four categories based on size. Out-of-state parent companies must have at least 15 full-time employees in Indiana to...

    • Amendment Makes Major Change to Hate Crimes Bill

      A bill that would allow for longer sentences for hate crimes is moving forward with a significant change. Our partners at WIBC report the Senate passed an amendment Tuesday that removed the list of individual groups that would be covered under the law. Originally, Senate Bill 12 said a sentence could be lengthened if someone convicted of a crime was found to have deliberately targeted someone based on factors including race, religion, and sexual orientation, among others.

    • Lev Bringing Headquarters to Indy

      Marketing technology consulting firm Lev has announced plans to relocate its headquarters to Indianapolis. The company, which is currently based in Arizona, says it plans to hire 70 employees this year, part of a previously-announced effort to create up to 175 jobs by 2021. Lev has had a presence in Indianapolis for nearly three years and Chief Executive Officer Michael Burton says, since that time, the company has outgrown every space it has occupied in Indy. In an interview with...

    • Mixed-Use Project Proposed For Speedway Main Street

      A Fishers-based commercial real estate development firm is proposing an $8 million mixed-use development in Speedway. Rebar Development says the project would redevelop a section of Main Street that would include residential, office and retail space.