Electric Works celebrates construction progress on The Elex

FORT WAYNE, Ind., Oct. 14, 2024 – Senator Todd Young joined leaders from Electric Works,
Weigand Construction, and the City of Fort Wayne today to celebrate construction progress on
The Elex, a mixed-use residential development.

The Elex will include 296 apartments, an early childhood learning center, and fitness and
wellness facilities. The development includes 89 affordable housing units, with 59 of those units
restricted to individuals aged 55 and above. Scheduled for delivery in late 2025, The Elex is
named after the association of women employed by General Electric, first established in 1916.

“Housing costs are high, and across the country, communities are trying to figure out ways to
revitalize downtowns and make housing more affordable,” Senator Young said. “That’s why The
Elex is a big win for Fort Wayne. The public-private partnerships that have made Electric Works
a reality can serve as a model for communities looking to increase housing options and improve
their quality of place.”

Electric Works leaders have created a multi-phased vision to develop a vibrant campus with 18
hours of activities and amenities. In line with this vision, The Elex will provide retail and
restaurant space in addition to the apartments, early childhood learning center, and health and
wellness services. Residents of The Elex will also have convenient access to all existing
campus amenities, including Union Street Market, Chapman’s Brewing, PrayerWorks, the Union
Parking Garage, and more.

“In Phase 2 of Electric Works, we’re not just building apartments; we’re continuing our
commitment to building an inclusive district of innovation, energy, and culture,” said Jeff
Kingsbury, chief customer officer for Ancora, the lead developer of Electric Works. “The Elex is a
testament to our city’s history, and it should inspire a future where residents can truly live, work,
play, and learn on one campus in the heart of Fort Wayne. Adding residential opportunities to
campus will enhance the vibrancy of downtown while offering a diversity of residents new
housing options.”

Electric Works will release floor plans and rents and begin pre-leasing activities later this year.
Interested individuals can join a list to share their interest in housing options and receive the
latest updates by visiting the Electric Works website.

“The City of Fort Wayne is thrilled to celebrate construction progress for this important
residential development,” said Andrea Robinson, economic development administrator for the
City of Fort Wayne. “The Elex will add in-demand housing options to meet a variety of needs in
our community, including affordable options and units for seniors. Diverse housing and quality of
life services like early childhood education and fitness and wellness are an important part of the
economic development plan to attract new businesses and serve our city’s growing population.”

Partners in The Elex development include Ancora, Weigand Construction, Biggs Group, and
MSquared, a women-owned real estate impact platform focused on creating mixed-income,
mixed-use projects that promote affordability, sustainability, and diversity. For more information
about Electric Works and its ongoing developments, visit www.fortwayneelectricworks.com.

About Electric Works
Electric Works is a mixed-use district of innovation, energy and culture, developed as a
public-private partnership between Ancora Partners and the City of Fort Wayne, Allen County,
and the State of Indiana. A redevelopment and adaptive reuse of the former General Electric
campus, the first phase of Electric Works includes more than 730,000 square feet of space and
offers office, innovation, education, healthcare, retail, entertainment, residential and community
uses to create new opportunities for inclusive economic growth. For more information, visit the
Electric Works website at fortwayneelectricworks.com.

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