FORT WAYNE, Ind. (WFFT) - Fort Wayne Metals is the latest company with plans to move into Electric Works.
Developers announced Wednesday the letter of intent to lease was recently signed.
Plans for Fort Wayne Metals include locating space for research and development in the project.
This announcement means developers are closer to turning the former General Electric plant into an innovation district.
As part of the redevelopment agreement, developers need to secure enough commitments from companies wanting to lease space before they have access to $65 million in public funds that were approved last year.
Construction on the project is expected to begin this summer.
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