FORT WAYNE, Ind. (WFFT) - Ruoff Home Mortgage is moving forward with plans for a new headquarters in downtown Fort Wayne.
The company announced plans to start building the nine story building across from Parkview Field at Jefferson and Ewing Monday.
Fort Wayne mayor Tom Henry said the city and Ruoff are working on finalizing a redevelopment plan for the $43.5 million investment.
The building will include about 110,000 leasable square feet of office and retail space with a 260 space parking garage.
“Having Ruoff Mortgage as part of our revitalized downtown speaks volumes about how well things are going in Fort Wayne,” said Mayor Henry. “I appreciate and value Mark and his team. Having a nationally-recognized company wanting to call downtown Fort Wayne as home for their corporate headquarters sends a powerful message that Fort Wayne is worth investing in. Public-private partnerships are making a tremendous difference in our community. We’re well positioned for current and future success and even more investments by the private sector moving forward.”
“While we are proud of what Ruoff Mortgage has accomplished to date, we believe that our growth is still accelerating. We want to secure the future of our headquarters in Fort Wayne, and the ability to have a signature building in my hometown that continues the revitalization of our downtown is an important step in accomplishing this goal. We hope that we can quickly finalize our development agreement, receive all the appropriate approvals, and get started on this project as soon as possible,” stated Mark Music, President and CEO of Ruoff Mortgage.
Approvals from several local governing bodies will be required in the coming weeks and months in order to move the project forward to eventual construction.
Construction is expected to start during the winter and will take 20-24 months.
Ruoff Mortgage is currently headquartered on Magnavox Way in Fort Wayne.