Parkview Health will lease space at the Electric Works redevelopment project, officials announced Tuesday.
Parkview Health and RTM Ventures, the development team behind Electric Works, are in the process of finalizing a 10-year agreement for Parkview to be a tenant. Parkview plans to open a healthcare clinic at Electric Works to address a “medically underserved area of Fort Wayne,” a press release reads.
The area’s top heathcare provider also plans to have a presence in the healthy food hall/public market part of the project, and develop a dedicated research and innovation space.
“We believe in the redemptive qualities of this project and its potential to make our region more competitive when it comes to talent attraction,” said Parkview Health President and CEO Mike Packnett. “We recognize that this project – and others currently underway in our community – are crucial to advancing our region as a destination for business growth, strong neighborhoods and quality of place characteristics that are attractive and unique.”
Financial details of the lease were not released.
The deal marks Electric Works’ first significant lease commitment since the adoption of the local Economic Development Agreement.
“Parkview Health believes in the vision for Electric Works and the transformational impact it will have on this community and region,” said Josh Parker of RTM Ventures. “This is a true community development project, and it will take the leadership of this community to be successful – we’re incredibly grateful to Parkview for their commitment to the future of downtown Fort Wayne and the entire northeast Indiana region.”
The announcement comes just hours before Fort Wayne City Council will vote whether to contribute $10 million in Legacy funds and $3.5 million in CEDIT funds to the project. Developer RTM Ventures has asked for $65 million in local public funds to move forward with the project, which is expected to cost a total of about $300 million.