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If you’re from Fort Wayne or a surrounding area, it’s likely you’ve heard about the Electric Works project that will take place on the historic 39 acre General Electric campus encompassing 18 historic buildings and more than 1.2 million square feet of space. According to the Fort Wayne Electric Works website, “Electric Works will offer a broad cross-section of tenants and uses.” Additionally, “Our vision for the reimagined space is for a well-conceptualized, mixed-use district of innovation, culture and community that is seamlessly integrated with other downtown development projects currently underway.”
Earlier this year (January) developers closed on the $286 million deal to for this mixed-use innovation district, allowing construction to officially begin. With the closing of this deal, 2,000 construction-related jobs will be created and supported by the project and, “The 12-acre West Campus – the first phase of Electric Works – is expected to generate nearly $300 million in economic impact during construction and almost $400 million in annual economic impact when the campus opens in 2022” (Wane).
According to Tim Ash, CEO of Fort Wayne-based Ash Brokerage, “Electric Works is a once-in-a-generation opportunity for our city and our region – it keeps us moving forward and continues the momentum of positive development that has been taking place in downtown for the past several years.”
We are excited to be apart of such a vibrant, growing community here in Fort Wayne and we look forward to seeing all that the Electric Works project does for our city. Take a look at more of the plans, here!
At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR®, visit our website at NorthEasternGroup.com.
North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.