FORT WAYNE, Ind. (Inside INdiana Business) — Two major mixed-use development projects in Fort Wayne’s Riverfront District are moving forward. The Fort Wayne City Council has approved the projects, which the city ways will bring more housing, retail options, office space and parking to downtown Fort Wayne.
Now that it has received city approval, construction on the $88.7 million Riverfront at Promenade Park project is expected to begin this spring. Located on nearly 3.5 acres, the six-story development will include more than 200 apartments, seven townhomes, 24,000 square feet of office space, 14,000 square feet of retail space and nearly 13,000 square feet of “flex space” that could be used for retail, live-work units or townhomes.
The project will also include a 913-space parking garage, which will be operated by the Fort Wayne Redevelopment Commission. The garage is expected to be complete by mid-2021 with the entire project slated for completion in the third quarter of 2022.
The council also approved the six-story, nearly $68 million Lofts at Headwater Park project (pictured). The development will also feature more than 200 apartments, as well as 15 townhomes, nearly 12,000 square feet of commercial space, and a 651-space parking garage, which will also be operated by the redevelopment commission.
Site work on The Lofts at Headwater Park will begin this summer. Construction on the parking garage is expected to begin later this year, with the entire project expected to be complete in early 2023.
“These projects are crucial to the long-term viability of the Riverfront District because they deliver much-needed public parking in conjunction with high-quality retail, office space and a variety of residential options,” Fort Wayne Mayor Tom Henry said in a news release. “Additionally, these developments will stay true to the Riverfront Fort Wayne guiding principle of inclusivity, by ensuring that all residents and visitors can continue to enjoy our riverfront and have access to the restaurants and shops in the area.”