An artists rendering of the proposed Cityscape Flats on Ewing Street. (City photo)

FORT WAYNE, Ind. (WOWO): A major residential development on the horizon for downtown.

Mayor Tom Henry announced this afternoon the city has reached an agreement with an Indianapolis-baased developer to build a 167-unit apartment complex called Cityscape Flats near Parkview Field.

The $27 million dollar project will include eight row houses and a parking garage.

Work could be begin this spring, with completion coming in the next 24 months. 

Here's the press release from the Mayor's Office, verbatim:

FORT WAYNE, Ind. (WOWO): Mayor Tom Henry announced Thursday afternoon, that a new $27 million residential development project is coming to downtown Fort Wayne.

The project, Cityscape Flats, will feature apartments, row houses, a parking garage, and streetscape improvements. The complex will be built on an area just to the west of Parkview Field. The 3.9 acre area is bordered by Ewing Street on the east, Fairfield Avenue on the west, West Jefferson Boulevard on the north and Brackenridge Street on the South.

Project Highlights:

• * 167 unit multi-family complex consisting of studio, one bedroom and two bedroom apartments

• * 8 row houses

• * 177 space parking garage

According to a press release, the City of Fort Wayne and Domo Development LLC, based in Indianapolis, reached a Memorandum of Understanding (MOU) for the project.

“I continue to be encouraged by the unprecedented growth and development taking place in the heart of our City,” said Mayor Henry. “We’re committed to meeting the high demand for downtown housing options. The City of Fort Wayne is moving in the right direction as we invest in the future and enhance economic and quality of life opportunities.”

The development will be $20 million in private investment, with the City's investment being up to $7 million. They City's participation will include the parking garage and streetscape work and will come from existing tax increment financing funds and tax phase-in.

The Fort Wayne Redevelopment Commission will take formal action on the approval of the MOU at its next meeting, Tuesday, January 20th.