New Apartments Urge On Downtown Growth

New Apartments Urge On Downtown Growth

Developers broke ground this week on a new apartment complex in downtown Fort Wayne. They say they're taking advantage of a boom in downtown housing options over the past year. WFFT spoke with some of those developers and city officials, and they say more could be on the way.
"We saw that and think it's going to be a great deal. We're already getting cold calls of people wanting to live in ours." -Jeff Ryan, Development Associate, RealAmerica Development
Developers broke ground this week on a new apartment complex in downtown Fort Wayne.

They say they're taking advantage of a boom in downtown housing options over the past year.

WFFT spoke with some of those developers and city officials, and they say more could be on the way.

Construction is starting this week in the old Randall building, putting in the Randall Loft Apartments, opening next summer.

It's the latest example of the boom of housing right here in downtown Fort Wayne.

You've seen this red brick building on the corner of Pearl and Harrison.

Carmel, Indiana-based RealAmerica Development is renovating the top floors, and turning them into what they call- 'affordable apartments.'

"We saw that and think it's going to be a great deal. We're already getting cold calls of people wanting to live in ours,” says RealAmerica development associate Jeff Ryan.

The 44 apartments are expected to rent for no higher than $900 a month.

"Young professionals want to make sure that they have a place to live downtown as well. And really, this is very intentional and deliberate- to work with developers who want to provide the whole range of housing options,” says Office for Housing and Community Development Deputy Director Heather Presley-Cowen.

The Randall Loft Apartments are part of a boom in downtown living options, spawned over the past year.

High-end condos are continually opening in the Anthony Wayne Building- along with luxury apartments inside the Harrison Building.

"We see this as rounding out the market for downtown- with having them in the affordable range for rent- versus the for sale over at the Anthony Wayne versus the high end. It makes it so just in these three developments, it can go for a whole range of people that would want to live downtown,” Ryan says.

Now in the Randall Building- they're expecting it to be open next summer.

So sometime in the spring they'll be taking pre-orders for those apartments.

And of course, the Anthony Wayne Building, the Harrison- already open- so you can check those out as well.

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