Skyline Plaza apartments to be developed by Great Lakes Capital

FORT WAYNE, Ind. (WOWO): Mayor Tom Henry has announced Great Lakes Capital as the developer of the residential component of the Skyline Plaza project in downtown Fort Wayne.

As a press conference Wednesday morning, Henry announced that a development agreement between the City of Fort Wayne and GLC was signed just prior to the announcement, adding that GLC will invest $40-million to construct 124 apartments, as well as retail and office space totaling 170,000 square feet. Retail will be on the first floor, office space on the second and then the building will feature 10 floors of apartments.

“I'm encouraged by the momentum we continue to see in our downtown,” Mayor Henry said via a press release. “GLC will be a great partner, and we appreciate their commitment to Fort Wayne as we work together to move our community forward in the right direction.”

GLC and Bradley Company will collaborate on the project to both build and manage it long term. They'll relocate their offices into Skyline Tower.

In September 2014, developers Hanning and Bean backed out of the residential component of the Skyline Plaza project.