Skyline Tower Lands Regional Cities Funding
(Image courtesy of the city of Fort Wayne)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Skyline Tower in Fort Wayne is getting a funding boost, thanks to the Regional Cities Initiative. The Indiana Economic Development Corp. has approved the allocation of $2.8 million to help fund the 12-story, 170,000 square-foot mixed-use development.
The Skyline Tower is the first project in the northeast Indiana region to receive Regional Cities funding. The project will cost $40 million to complete and will be part of the Ash Skyline Plaza which is nearing completion and the city-owned Skyline Garage, which opened earlier this week.
"Additional residential housing for downtown Fort Wayne is in demand as we look to attract more talent to the area," said John Sampson, president and chief executive officer of the Northeast Indiana Regional Partnership. "The Skyline Tower is exactly the kind of project for which the Regional Cities Initiative is designed – to encourage investment that makes Northeast Indiana a place people want to live and work. The project is already attracting other exciting and vibrant investments in the central city."
The Skyline Tower will include 124 apartments, second-floor office space and first-floor retail space. Ruth’s Chris Steak House and Another Broken Egg will have a presence at the tower, while Great Lakes Capital and Bradley Co. have committed to relocating operations and bringing at least 70 employees to the office space.