Parkview Health announced plans Tuesday to bring a health care clinic to the Electric Works campus.
Officials from Parkview and RTM Ventures, the development team behind Electric Works, said they are in the process of finalizing a 10-year lease commitment for space in the former General Electric campus.
This is the first major lease commitment since the adoption of the local economic development agreement, according to the release. And it came just hours before the Fort Wayne City Council is set to consider whether to award money from its Legacy Fund to the redevelopment project.
“Parkview Health believes in the vision for Electric Works and the transformational impact it will have on this community and region,” Josh Parker of RTM Ventures said in the release. “We’re incredibly grateful to Parkview for their commitment to the future of downtown Fort Wayne and the entire northeast Indiana region.”
Parkview plans to bring the clinic to “a medically underserved area of Fort Wayne,” according to the release. It has also expressed interest in the healthy food hall/public market planned as part of the project.
In addition, Parkview, RTM Ventures and higher education institutions plan to partner to develop a dedicated research and innovation space that, combined with the food hall/public market, will encompass 130,000 square feet.
“I’m encouraged by Parkview Health’s planned investment in the Electric Works project,” Fort Wayne Mayor Tom Henry said in the release. “Parkview continues to demonstrate a strong commitment and willingness to make a lasting and meaningful difference in Fort Wayne and northeast Indiana. Parkview will be a valued partner in our collective efforts to help make the unique Electric Works initiative a reality and success.”
In December 2017, the Indiana Economic Development Corp. approved a conditional redevelopment tax credit of up to $50 million for Electric Works as part of its Industrial Recovery Tax Credit (IRTC) program, “which is used to incentivize investment in the redevelopment of former industrial facilities requiring significant rehabilitation or remodeling expenses,” according to the release.