Right in Our Region
Electric Works to Open Next Year
The $286 million Phase One of Electric Works will open late next year and is about 70 percent pre-leased. It includes 700,000 square feet of space for offices, education, retail, healthcare, entertainment and community use.
By Peggy Werner
F
ort Wayne’s former General Electric Company campus is beAncora and based in Durham, NC, acquired the former General ing transformed into a modern-day mixed-use district called Electric manufacturing campus, which consists of 39 acres and Electric Works that’s one of the largest projects of its kind in the 18 historic buildings with 1.2 million square feet of space. The Midwest and an important addition to Fort Wayne’s downtown. redevelopment of the GE campus and repurposing of its buildAfter five years of work, the countdown has begun toward openings and grounds is a public/private partnership between RTM ing the first phase next year. Ventures and the City of Fort Wayne. The property is within easy “We’re almost 70 percent pre-leased on the west campus, walking distance of the downtown and riverfront. which will be open to the public in about one year. Not all tenThe project is divided into numerous phases, the first having ants will be in, but the buildings will be move-in ready,” says begun in January 2021 with an expected completion date in late Jeff Kingsbury of Ancora, the lead developer of Electric Works. 2022. The $286 million first phase includes more than 700,000 “We’ve been planning, putting together financing, and working with the community over the past five years to bring this project to life. We’re hoping it will be a center of gravity and a hub for innovation, energy, and culture for Northeast Indiana, while also being an inspiration for future job growth and more.” In 2017, RTM Ventures Ranald T. McDonald, an 1800s entrepreneur, founded Fort Wayne Electric Co. on what became the GE campus. The LLC, a partnership led by name RTM Ventures LLC pays homage to his name. RTM and the city are re-developing Electric Works. 16
Smart Living Fort Wayne
October 2021 • II
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