Housing partner for Ash project still uncertain

Ash Brokerage development

FORT WAYNE, Ind. (WANE) – The Ash Brokerage project climbs higher into the downtown Fort Wayne skyline with each week.  Pass by the construction and you can’t help but wonder whether apartments will be part of the high-rise, as originally planned.  The city is giving the same answer they’ve been giving for months when asked what progress they’re making in finding a developer for the residential part of the Ash Brokerage project.
They continue to negotiate with a single developer, but won’t name that partner until the details have all been worked out.

When does the city predict an agreement will be formalized?  They don’t know and won’t speculate.  Meantime, the Ash Brokerage parking lot is going up on schedule.  It should be finished by the end of this year, and construction will begin on the tower soon, with a completion date of 2016.

Hanning & Bean, the first firm committed to the residential leg of the project, pulled out last September.  The city has been searching for a replacement ever since.  “We don’t want to jump to conclusions, or jump the gun and make an announcement when everything is not completely ready,” said city spokesman John Perlich.  “We owe it to the community to do our due diligence to make sure that when we announce this project, that it’s the best possible project, and one that’s going to be of great benefit to the community.”  Perlich also said it is a great accomplishment for downtown Fort Wayne to be home to the new national headquarters of Ash Brokerage, and that the significance of the project shouldn’t be diminished because the residential component is still up in the air.

Comments are closed.