Skyline Tower opens in downtown Fort Wayne; more than half of its 123 apartments rented
Nearly two years after construction began, the $43 million Skyline Tower residential project in downtown Fort Wayne was officially opened Thursday.
The 12-story tower at 855 Webster St. is next to the Ash Brokerage building and contains a Ruths Chris Steakhouse, a First Merchants Bank and 123 apartments — more than half of which are rented, according to Dave Arnold of Great Lakes Capital, the project’s developer.
“More than 100 people call this home, and many have come from out of the area and were looking for an environment like this,” Arnold told a crowd gathered in the expansive fifth-story green space between the tower and Ash Building. The rooftop park is believed to be the largest elevated green space in Indiana.
The city’s Redevelopment Commission provided $4 million to the project, to be repaid by taxes generated by the tower. The city also provided New Market Tax Credits and the Indiana Economic Development Commission provided funds as well. The tower also received $2.8 million in state “Regional Cities” funds.
“The Skyline Tower is a perfect example of what’s possible when you bring together state, regional and community leaders,” Gov. Eric Holcomb said in a statement. “Because of this collaboration, we can better support economic opportunities that will allow us to take Fort Wayne and the surrounding areas to the next level.”