Six months after a planned mixed use development on Superior Street across from Promenade Park fell through, Fort Wayne city officials this morning announced new plans for the site.
Barrett & Stokely, the Indianapolis firm developing the Lofts at Headwaters Park, has been tapped to build a $70 million mixed-use project at the corner of Harrison and Superior streets in downtown Fort Wayne. Barrett & Stokely was one of five firms that responded to a request for proposals for the site. The firm was chosen by a selection committee comprised of Redevelopment Commission members, city staff, and representatives from Land Collective, the Allen County Commissioners, and the Allen County-Fort Wayne Capital Improvement Board.
The project, which will be developed as part of a public-private partnership, will feature 225 apartments, a 900-space parking garage and about 30,000 square feet of office space. Plans also call for 15,000 square feet of retail space and 15,000 square feet of flex space.
"Fort Wayne continues to be on a positive roll with yet another new investment planned in the heart of our city. Barrett & Stokely has a proven track record of developing successful projects and will be a welcome addition to our community," Mayor Tom Henry said in a statement. "Having additional housing, retail and parking options will further strengthen Fort Wayne's position as a point of destination for job growth, new private investment opportunities and unique amenities that emphasize the importance of the live, work and play model."
The next step in the process is to create an economic development agreement between the city and Barrett & Stokely. Construction is expected to start late this year or early 2020. It will take about 18 months to complete.