FOR IMMEDIATE RELEASE
Great Lakes Capital Holds Groundbreaking Press Conference/Ceremony for Skyline Tower in Downtown Fort Wayne
Fort Wayne, IN (October 27, 2016) – Great Lakes Capital (GLC) is proud to announce the official “groundbreaking” of Skyline Tower, a distinctive $40-million-dollar mixed-use development that is a key component in completing the overall Ash Skyline Plaza and Skyline Garage project in downtown Fort Wayne. Weigand Construction began their work last week.
This historical project is the first to be approved for state matching funds through the Regional Cities Initiative, made possible through support from three commercial lending partners; including lead financial partner Old National Bank with collaboration from Lake City Bank and Salin Bank. All three of these financial partners are Indiana owned and operated.
“The Regional Cities Initiative has given communities a blueprint to address critical economic development issues and make Indiana the best place to live, work, play and stay,” said Lt. Governor Eric Holcomb. “In northeast Indiana, 11 counties are working together by investing in nature, community, culture and ideas. Downtown amenities and housing are essential to building quality of place, and the Skyline Tower in Fort Wayne will be a driving force in creating vibrant communities that retain and attract talent, supporting northeast Indiana on its Road to One Million.”
“Skyline Tower is a tremendous addition to the heart of our City,” said Mayor Tom Henry. “I continue to be encouraged by the progress we’re seeing throughout Fort Wayne. We’re strengthening our position as a point of destination where individuals, families, and business want to invest. By working together, we’re attracting and retaining jobs as a community moving in the right direction.”
Skyline Tower will feature nationally recognized Ruth’s Chris Steakhouse on the ground floor and office space on the second floor, a combined 30,000 square feet of commercial space. Above that, the tower will house 124 high-end apartments which will address the strong demand for quality housing in the heart of Fort Wayne’s growing downtown neighborhood. Upon completion, Skyline Tower will be approximately 170,000 square feet and create as many as 60 new jobs. Delivery of the restaurant, office and half of the apartments will be in Q1, 2018 and the second half of the apartments will be delivered in Q2, 2018.
“Skyline Tower will offer a very unique living environment which will continue to make our city and our region ever more competitive in retaining and attracting talent,” said David Arnold, Director of GLC, “It’s a community asset which has been the result of hard work and perseverance by many people in both the private and public sectors.”
GLC will also be partnering with Bradley Company, a local and regional commercial real estate services leader with expertise in leasing and management of retail and office space, as well as multi-family housing. Bradley Company is a full-service commercial real estate firm that will not only provide exceptional on-site services to Skyline Tower’s residents and commercial tenants, but will also further its investment in the core of the city with the addition of staff and relocation of its offices to this new landmark property.
“Collectively, GLC and Bradley Company join forces to build and manage long term,” said Brad Toothaker, President and CEO of Bradley Company and Managing Partner of GLC, “This project has brought together businesses and the community to create a project that truly moves the needle for the region as it continues to elevate the landscape of downtown Fort Wayne.” Both companies, Great Lakes Capital and Bradley Company, will be relocating their offices into Skyline Tower, which guarantees nearly 70 professionals will occupy a substantial portion of the newly created office space.
Please visit Skyline Tower’s new website, www.skylinetowerfw.com, for more information regarding available space, property features and amenities.
About Great Lakes Capital
Great Lakes Capital is a real estate private equity firm uniquely positioned to add value to real estate investments through development, redevelopment and opportunistically investing across the real estate spectrum and throughout the capital structure. We concentrate on several core asset classes, including office, industrial, retail, medical office, multifamily and other similar conforming product types as well as mixed use projects. As a market leader in new development we actively address the needs of our tenant partners in addition to speculative development meeting needs the market has not yet reacted to. For more information, please visit: www.greatlakescapital.com
About Bradley Company
With eight regional offices throughout Indiana and West Michigan, Bradley Company provides commercial brokerage services, commercial and multi-housing management, real estate tax consulting, maintenance services, project and facilities management, corporate services, research services and strategic planning. Bradley Company was founded in 1978 and employs over 250 professionals that manage nearly 2,500 multi-housing units, over 10 million square feet of office, medical, industrial, and retail space. For more information, please visit www.bradleyco.com