Boutique hotel slated for city lot

0
365

Staff reports

Provenance Hotels will build its new boutique hotel in downtown Fort Wayne on the northwest corner of Harrison and Main streets.

The site currently is a parking lot owned by the city of Fort Wayne. The $27.7-million, 125-room specialty hotel will have five floors, restaurants, ground-level retail spaces and a rooftop entertainment space. Provenance announced the project a few months ago, but did not specify a site at that time.

Barbara Bradley Baekgaard, co-founder of Vera Bradley, is working closely with Provenance to bring the upscale hotel to the community. Provenance owns nine boutique hotels, each of which received 2017 Condé Nast Traveler Readers’ Choice Awards, and just last week added a 10th property to the portfolio. Baekgaard will oversee the interior design of the Fort Wayne hotel.

“For years, I’ve dreamed of bringing colleagues to Fort Wayne and providing them with a memorable experience, something unique to our community,” Baekgaard said. “Northeast Indiana has so much to offer, and our visitors and residents are well-traveled, they deserve a hotel that captures the spirit of the region and reflects our values.”

On Nov. 13, the Fort Wayne Redevelopment Commission will consider a proposal to invest just under $4 million in tax increment financing in the project. The TIF dollars will reimburse loans from the Allen County Commissioners, the city of Fort Wayne and the Capital Improvement Board. The TIF funding is generated by new property taxes that would be generated by the new hotel.

The Capital Improvement Board will also consider a request to invest in the hotel, as will the Indiana Economic Development Corp. Construction is expected to begin in early 2018 and the hotel could open as soon as mid-2019.