The Fort Wayne City Council gave its unanimous preliminary approval to our rezoning request as we move forward with Phase 2 of Electric Works. This rezoning paves the way for us to move forward with the $107 million project, which is a mixed-use development including an 1,100-space parking garage wrapped by more than 280 residential units, an early childhood learning center, a fitness and wellness center, and retail space.
https://fortwayneelectricworks.com/wp-content/uploads/2021/07/Electric-Works-Phase-II-render.jpeg31796750Kevin Erbhttps://fortwayneelectricworks.com/wp-content/uploads/2017/08/logo-5.pngKevin Erb2021-07-08 12:46:492021-07-26 12:52:53Phase 2 of Electric Works given green light by Fort Wayne City Council
Northeast Indiana’s first food hall and public market will be known as Union Street Market, its name harkening back to the earliest days of the former General Electric campus, where it will open fall 2022.
Modeled on many of the country’s most successful market halls, Union Street Market will offer a range of regionally sourced foods and beverages in a historic setting at Electric Works. Driven by its mission to support local farmers and food producers while enhancing community wellness and providing access to healthy foods, Union Street Market will feature 20-plus merchants open daily and also serve as the permanent home of the Ft. Wayne’s Farmers Market. Merchants already committed to Union Street Market include Joseph Decuis and Conjure Coffee.
https://fortwayneelectricworks.com/wp-content/uploads/2021/05/Union-St-Historic-Future-Comp.jpg5851200Kevin Erbhttps://fortwayneelectricworks.com/wp-content/uploads/2017/08/logo-5.pngKevin Erb2021-05-13 13:12:092021-05-13 13:17:44Electric Works unveils identity of food hall and public market
The Ft. Wayne’s Farmers Market will make historic McCulloch Park its home this summer as it prepares for its permanent relocation to Electric Works in 2022, and to accommodate its growing list of vendors.
The market will begin its summer outdoor season on Saturday, May 15, with more than 60 local and regional vendors expected to participate. It will move to two days a week beginning June 16, operating from 3–7pm each Wednesday and 9am–1pm each Saturday through the summer. The market will feature live entertainment at the park’s gazebo, as well as other family-friendly activities throughout the summer. Multilingual signage and banners will be present as well.
The National Trust Community Investment Corporation (NTCIC), an organization that supports the country’s architectural heritage, community development, and renewable energy initiatives through the provision of Federal and State Historic Preservation, Low-Income Housing, Renewable Energy, and New Markets Tax Credits, provided critical capital sources for Electric Works. This includes $35.7 million in federal Historic Tax Credit (HTC) equity and $12.5 million in New Markets Tax Credit Allocation; this represents NTCIC’s largest Historic Tax Credit investment in NTCIC history.
https://fortwayneelectricworks.com/wp-content/uploads/2020/10/Rendering-7-13-202011.jpg21603840Kevin Erbhttps://fortwayneelectricworks.com/wp-content/uploads/2017/08/logo-5.pngKevin Erb2021-03-16 10:07:372021-03-16 10:07:37NTCIC Finances Electric Works Development, Largest HTC Investment in Company History
The development team behind Electric Works announced today that it has closed on $286 million in project financing. Officials say they will now invest more than $200 million alone over the next 24 months to redevelop the historic former General Electric campus.
Weigand Construction has already begun mobilizing for the massive redevelopment project that will ultimately create and support approximately 2,000 construction-related jobs. The project – first introduced back in 2017 when RTM Ventures acquired the property from General Electric – will play a pivotal and critical role in helping the local and regional economy recover and regain its momentum.
https://fortwayneelectricworks.com/wp-content/uploads/2020/01/EW-Jan-2020-newsletter.jpg533800Kevin Erbhttps://fortwayneelectricworks.com/wp-content/uploads/2017/08/logo-5.pngKevin Erb2021-01-12 15:34:312021-01-12 15:37:34Electric Works developers complete closing on $286 million in financing for mixed-use innovation district