Deal reached for former GE site

(Photo Supplied/Greater Fort Wayne Inc.)

FORT WAYNE, Ind. (WOWO): RTM Ventures has closed on a $5.5 million deal for the former General Electric property, according to the Journal Gazette.

The deal was finalized late Thursday, according to officials.

Related: Fort Wayne GE Campus development named “Electric Works”

RTM Ventures includes Cross Street Partners of Baltimore, Greenstreet Ltd., of Indianapolis, and Biggs Development of Decatur.

Plans for the 39-acre property called “Electric Works” were unveiled back in Febrary for a $300 million mixed-use development.

Now, crews are expected to begin work on removing hazardous materials before the end of the year. Those expenses could range anywhere from $3.5 million to $9 million, including removing lead paint found throughout the buildings.


RTM will also work on applying federal and state grants.

Occupancy is slated for late 2019 or early 2020.






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