From the Fort Wayne News and Sentinel:
Mayor Tom Henry verified on Monday what has been rumored for several weeks: Ash Brokerage will located their new national headquarters in downtown Fort Wayne.
The site for the new location on the corner of Harrison and Berry is currently home to Cindy's Diner, but Mayor Tom Henry said the city already has found several potential locations for the diner and will help the business finance the move.
The new location also incorporates downtown housing and retail into the plans, and will be a $71 million dollar investment in the heart of the city. The project is a collaboration among the city, Ash Brokerage Corp.; Bill Bean, vice president of Hanning & Bean Enterprises, and the Indiana Economic Development Corp.
The city has signed a memorandum of understanding with Ash Brokerage and Hanning & Bean Enterprises for the two major projects.
There will be 95,000 square feet of office space, a parking garage and 21,600 square feet of retail on the first floor. Ash will bring 200 employees to the downtown area. Tim Ash, president and chief executive officer of Ash Brokerage, said it would add 115 more jobs by the 2017. The average wage is $60,000 plus benefits. Ash's investment would be $19.6 million.
Hanning & Bean Enterprises will build a residential development with 80 apartments, 10-14 condominiums and six townhouses. The parking ramp will have green space on the roof.
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Henry said they will be using very little new tax money, but using Legacy money, food and beverage tax money plus money from the State to put the financial package together. Henry said he couldn't give exact breakdown of the numbers yet as they are still putting it together.
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