<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=02JmcJ_1AUFWMEv00" alt="https://img.particlenews.com/image.php?url=02JmcJ_1AUFWMEv00" width="1200" height="600" >FORT WAYNE, Ind. (WPTA) - The developers behind the Electric Works mixed-use innovation district near downtown Fort Wayne cut the ribbon Wednesday on The Elex, the district’s $100 million second phase.The project features a newly constructed building adjacent to the revitalized former General Electric campus with 296 apartment units, including 89 affordable housing units and 59 units for individuals aged 55 and above.Kevan Biggs, president of development partner Biggs Group, told Inside INdiana Business that having an affordable housing option was a key focus for the project.“Even though this is new construction, we really wanted to try to meet the community’s challenges that it faced, and a mixed-income development like this is difficult,” Biggs said. “The financing was not easy to put together, the construction being wrapped around a parking garage [created] a lot of unique challenges.”That idea of addressing a community challenge, Biggs said, matches the mission of Electric Works as a whole, which aimed to revitalize a vacant historic property that potentially could have faced demolition.The Elex features one-, two- and three-bedroom options and began leasing to potential tenants in September, though Biggs noted that most of the property, including its various amenities, came online in January.And developers are not done just yet. Future plans for the building include commercial space such as a fitness and wellness center and a 10,000-square-foot early childhood learning and daycare center. Biggs said the latter is another component of addressing challenges in the community.“Given the challenges here in the state around child care, finding an operator that can be successful in that state has been challenging,” he said. “We know that child care has been a bit elusive throughout the state, especially with the dynamics around funding currently, but we’re very committed to making sure that we can find the right operator to add that amenity to the campus and to the community at large.”Biggs said the project has received tremendous support from the community, particularly from the Fort Wayne Common Council and the investors his team has been able to assemble.“The reaction has been really positive, and especially as people have now been able to see the space come to fruition,” he said. “We’re excited for the ribbon cutting, because [for] a lot of people, it’s going to be their first exposure to actually getting into the space and seeing how it turned out.”In addition to filling the commercial space, Biggs said the development team’s goal now is to get the word out to continue filling units until all are occupied.The $286 million first phase of Electric Works, which involved the redevelopment of the former GE campus, was completed in late 2022.</div></body>

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FORT WAYNE, Ind. (WPTA) - The developers behind the Electric Works mixed-use innovation district near downtown Fort Wayne cut the ribbon Wednesday on The Elex, the district’s $100 million second phase. The project features a newly constructed building adjacent to the revitalized former General Electric campus with 296 apartment...

The Elex opens in Fort Wayne’s Electric Works district

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FORT WAYNE, Ind. (WPTA) - The developers behind the Electric Works mixed-use innovation district near downtown Fort Wayne cut the ribbon Wednesday on The E

The Elex opens in Fort Wayne’s Electric Works district

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