New Development Plan Unveiled On Riverfront
Fort Wayne Mayor Tom Henry unveiled a $70 million plan Wednesday that would develop the property on the northeast corner of Superior and Harrison streets -- the city’s “premiere riverfront property” -- into a mixed-use development.
Under Henry’s proposal, the site -- next to the brand new Promenade Park -- would include 225 apartments, a parking garage of 900 spaces, and 60,000 square feet for offices, retail space and “flex space.”
Indianapolis development firm Barrett and Stokely will lead the project; the team is also working with the city on its Lofts at Headwaters Park project. They are the second developer attached to a major mixed-use riverfront development; earlier this year, Fort Wayne’s Plan Commission terminated a $62.5 million agreement due to the developer failing to meet contractual benchmarks.
The proposal has numerous obstacles to overcome, including the standard approval process requiring a green light from City Council. If approved, construction could begin as early as late fall, possibly in early 2020.
The team that selected Barrett and Stokely as developer consisted of Redevelopment Commissioners, City of Fort Wayne staff, a Capital Improvement Board representative, a representative from the Allen County Board of Commissioners, and a representative from Land Collective, the consultant team leading the riverfront project, according to a press release from the City of Fort Wayne.