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Fort Wayne approves funding for 2 riverfront developments

The projects are The Lofts at Headwaters Park and The Riverfront on Promenade Park.

Posted: Mar 10, 2020 7:59 PM
Updated: Mar 10, 2020 9:16 PM

FORT WAYNE, Ind. (WFFT) -- Fort Wayne City Council tonight approved funding for two riverfront developments that will bring more housing, retail, office space and parking to downtown. 

The projects are The Lofts at Headwaters Park and The Riverfront on Promenade Park.

THE LOFTS

The city says they expect construction on The Lofts at Headwaters Park to begin this summer and be completed in early 2023.

The six-story, $67.75 million development will be located at the northeast corner of Clinton and Superior Streets. It includes 217 apartments on upper floors and 15 townhomes along Clinton and Barr streets. 

It also includes 11,700 square feet of commercial space on Superior Street.

Parking will be provided by a 651-space garage that the city's Redevelopment Commission will lease, operate and manage for 25 years. The city says one level will be underground, two will be above-ground but "virtually no portion of the garage will be visible from public rights-of-way. 

The city says the project will not affect Club Soda. The project includes a public plaza with outdoor seating between Club Soda and the development. 

THE RIVERFRONT

The city says construction on The Riverfront on Promenade Park will be started this spring with completion expected in the Fall of 2022. 

The six-story, $88.7 million project will be located on 3.44 acres on the northeast corner of Superior and Harrison streets, just east of Promenade Park. 

It includes 222 apartments, seven townhomes, 24,000 square feet of office space, 14,000 square feet of retail space, and 12,800 square feet of "flex space" that could include retail or townhomes. 

It will also have a 913-space parking garage for apartment residents, county government employees and the public.

The garage will have four levels, four of which will be above ground. The city says the "majority" of the garage will not be visible from public right-of-ways. 

That garage will also be leased, operated and managed by the city for 25 years. The city has the option to own half of both garages after 25 years. 

“I am encouraged to see The Lofts at Headwaters Park and The Riverfront at Promenade Park move forward,” Mayor Tom Henry said in a statement. “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."

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