{"id":72225,"date":"2018-05-31T18:00:48","date_gmt":"2018-05-31T22:00:48","guid":{"rendered":"https:\/\/www.aroundfortwayne.com\/news\/?p=72225"},"modified":"2018-05-31T18:00:48","modified_gmt":"2018-05-31T22:00:48","slug":"study-confirms-electric-works-potential","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2018\/05\/31\/study-confirms-electric-works-potential\/","title":{"rendered":"Study confirms Electric Works potential"},"content":{"rendered":"

\"Greater
\nNews release from Greater Fort Wayne, Inc.:<\/p>\n

Analysis Confirms Electric Works’ Catalytic Potential<\/strong>
\nRCLCO study shows project can spur larger economic transformation<\/em>
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\n(May 31, 2018) – An independent market analysis confirms that Electric Works can help accelerate Northeast Indiana’s economic momentum, with the unique reuse of a historic landmark helping to transform the local economy by attracting 21st-century jobs and talent to Allen County. The study, presented today by RCLCO Real Estate Advisors, shows abundant demand for space on the West Campus of Electric Works and estimates that the current pricing levels are reasonable for the Fort Wayne market.
\n“For months, potential tenant companies have been seeking us out, specifically looking for the amenities proposed at Electric Works,” said John Urbahns, executive VP of economic development at Greater Fort Wayne Inc. “RCLCO’s market analysis confirms what we’ve been seeing firsthand\u00e2\u20ac\u201dthat there’s a demand for a project like this, and that Electric Works can be a transformational project for our entire region’s economy.”
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\nThe analysis shows strong market depth in Fort Wayne’s downtown office, residential, and retail sectors. RCLCO analysts projected an overall demand for 700 downtown apartment units, up to 115,000 square feet of retail space at Electric Works, and 650,000 square feet of downtown office space in the next five years, due to future growth and pent-up demand for new space.
\nAccording to the analysis, Electric Works can help satisfy those demands:<\/p>\n