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UPDATED: It’s official: Ruoff Home Mortgage plans new downtown headquarters

Ruoff Home Mortgage released this image of a proposed downtown headquarters last year.

Nearly two years after The News-Sentinel first reported the project, Ruoff Home Mortgage has filed plans to build a new headquarters in downtown Fort Wayne.

The company is seeking permission from the Department or Planning Services to erect the building on 0.728 acres of city-owned property at 405 W. Jefferson Blvd. Because the structure’s height would exceed 170 feet, the company is seeking a waiver from height limitations and also property line setback requirements.

According to the plans, which could be considered by the Fort Wayne Plan Commission and Board of Zoning Appeals next month, a parking garage will be incorporated into the lower floors, accounting for much of its height.

The News-Sentinel reported in late 2017 that the Indiana Economic Development Corp. had approved a $5.88 million Community Revitalization Enhancement (CReED) tax credit for the project. At the time the project was expected to cost about $36 million.

As of 2017 Ruoff had grown to 500 employees in four states, with $2 billion in annual loan volume. The company is currently located at 1700 Magnavox Way.

Company officials in 2018 confirmed Ruoff’s headquarters plans, saying they planned an eight-story, 97,000 square foot building, possibly with commercial space at street level. The currently vacant site is adjacent to Parkview Field and the Cityscape Flats housing project.

“The city of Fort Wayne’s Redevelopment Department is working with Ruoff Home Mortgage in exploring the possibility of a downtown headquarters,” spokesman John Perlich said. “We’re hopeful this project will become a reality. It would be a great addition as part of our downtown revitalization efforts. Currently, the city does not have an economic development agreement with Ruoff and no plans are final.

“Ruoff is doing its due diligence by submitting plans to the Department of Planning Services in order to determine if variances would be approved because the variances would be necessary to move the project forward.”

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