Fort Wayne Mayor Tom Henry today led a groundbreaking ceremony to mark the beginning of construction on the $27 million Cityscape Flats residential development across from Parkview Field in downtown Fort Wayne.
Mayor Henry was joined by project developer Domo Development, LLC, City leaders, elected officials, downtown advocates and neighborhood leaders.
*163 unit multi-family complex consisting of five studio, 118 one bedroom, and 40 two bedroom apartments
*14 row houses
*173 space parking garage
*The 3.59 acre area is bordered by Ewing Street on the east, Fairfield Avenue on the west, West Jefferson Boulevard on the north, and Brackenridge Street on the south.
The development is $20 million in private investment, with the City's investment being $7 million. The City's participation includes the parking garage and streetscape work and comes from existing tax increment financing (TIF) funds and tax phase-in. No property taxes are being used to fund the City's portion of the project.
"We're continuing to see unprecedented momentum and growth in our downtown," said Mayor Henry. "Unique housing options position Fort Wayne as an attractive location for residents and businesses. We're investing in the future to make a meaningful difference in our community. Partnerships like the one with Domo Development are moving us forward in the right direction."
Weigand Construction is the construction manager for the project, and Design Collaborative serves as the architect. Project investors include Tim Ash, Eric Doden, Sunstone Construction, Mark Webb and Larry Weigand. STAR Financial Bank and Old National Bank are the financial partners for the project.
Domo recently completed a 264-unit residential complex, Steeplechase at Parkview, in the area of Diebold and Dupont roads.