City Prepares For More Residential Development Near Parkview Field

City has dibs on more land near Parkview Field

Dan Stockman | The Journal Gazette

The block of vacant lots and rental homes next to Parkview Field could soon be city-owned and earmarked for downtown residential development.

The Fort Wayne Redevelopment Commission voted unanimously Monday to authorize staff to get appraisals on the properties, which the state law requires before purchase.Redevelopment Director Greg Leatherman said the commission already has options on all but one of the properties it is pursuing, giving the city the sole right to buy them until July 1.

The block, bordered by Fairfield and Ewing streets on the east and west and Jefferson Boulevard and Brackenridge Street on the north and south, covers about four acres.

About 1.2 acres is already owned by the city, purchased as a staging area for construction of The Harrison. The city is not interested in the Shell gas station at Jefferson and Fairfield, Leatherman said, and it is in final negotiations to buy the auto-repair shop at Jefferson and Ewing.

The remaining properties cover about 2.7 acres, officials said, and the prices negotiated total about $1.8 million.

Leatherman said the idea is to create a nearly four-acre site prime for development, especially residential development. A study said there is demand for that and officials say that is needed to spur yet more development downtown.

Because the money will come from the TIF district and the commission has authority to purchase land, Leatherman said, no City Council approval is needed for the project.

For more on this story, see Tuesday’s print edition of The Journal Gazette or visit http://www.journalgazette.net after 3 a.m. Tuesday.
Original article can be found here

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Categories: Goverment, Harrison Square, Housing, Parkview Field, Project Updates

3 Comments on “City Prepares For More Residential Development Near Parkview Field”

  1. December 10, 2012 at 9:38 PM #

    I’m not sure about a timeframe but they did mention a possibility of later 2013 pending developer interest. We know how that goes, but it’s still a very exciting prospect of a 4th residential project taking shape downtown (not taking into consideration many small scale projects happening).

    On top of this, they would supposedly be leased at a price point lower than the Harrison’s $900 for a 1BR. Thats kinda awesome

  2. Terry T
    December 10, 2012 at 9:31 PM #

    I heard this could happen within a year!

Trackbacks/Pingbacks

  1. Neighborhood Supports Parkview Adjacent Redevelopment | The Downtown Insider - December 13, 2012

    […] article can be found here For more information about redevelopment plans see CITY PREPARES FOR MORE DEVELOPMENT… #gallery-2985-1 { margin: auto; } #gallery-2985-1 .gallery-item { float: left; margin-top: 10px; […]

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