When GE closed its Fort Wayne operations in 2015, the future of the 39-acre campus was uncertain. But following nearly $300 million in redevelopment by Ancora, Biggs Group, Weigand Construction, and RTM Ventures, Electric Works has been revitalized. Today, it serves as a vibrant hub for entrepreneurs, students, and professionals, continuing its legacy of innovation while helping to retain and create jobs. It’s a powerful catalyst for regional economic growth and neighborhood revitalization in northeast Indiana.
Ancora, of RTM Ventures, is the master developer of Electric Works. With a strategic focus on urban redevelopment and a commitment to community revitalization, the principals of RTM Ventures have developed over $1 billion of real estate in Indiana and across the United States. The principals each bring a unique and extensive track record in sophisticated capital structures, public/private partnerships, brownfield redevelopment, historic adaptive reuse, as well as the application of federal, state, and local tax credit and economic development incentive programs. The name RTM Ventures honors Ranald T. McDonald, the early entrepreneur who first launched the Fort Wayne Jenney Electric Light Co. in the late 1800s.
