Skyline Tower, a $42 million mixed-use development in downtown Fort Wayne, officially opened Thursday.
Mayor Tom Henry and officials with Great Lakes Capital and Bradley Co. were on hand to cut the ribbon on the 12-floor tower, which features 123 apartments and 30,000 square feet of commercial space anchored by Ruth's Chris Steakhouse on the first floor and the regional headquarters of First Merchants Bank on the second.
“The Skyline Tower mixed-use development is a tremendous addition to our growing and thriving downtown,” Henry said in a statement. “Public-private partnerships at the state and local levels have resulted in a project that will have a lasting and meaningful impact on our community and region. Skyline Tower is another example of how we've positioned Fort Wayne as a leader in providing live, work, and play opportunities for individuals, families, and businesses.”
The development received $2.8 million from the Regional Cities Initiative funds, as well as support from the Indiana Economic Development Corp.'s Community Revitalization Enhancement District tax credit, federal New Markets Tax Credits and the city's community and economic development divisions, as well as private investors.
Rent for the apartment units reportedly ranges from $1,000 for one-bedroom units and $1,200 to $1,800 for two bedrooms.
“The Skyline Tower is a perfect example of what's possible when you bring together state, regional and community leaders,” Gov. Eric Holcomb said in a statement. “Because of this collaboration, we can better support economic opportunities that will allow us to take Fort Wayne and the surrounding areas to the next level.”