Skyline Tower opened in ribbon-cutting
Great Lakes Capital and Bradley Company, along with Fort Wayne Mayor Tom Henry, officially cut the ribbon today to open Skyline Tower, a $42 million mixed-used downtown development.
Located at 855 Webster St., Skyline Tower rises 12 floors above its downtown neighborhood and features 123 apartments as well as 30,000 square feet of commercial space. The first floor is home to Ruth’s Chris Steakhouse, while the second floor is the regional headquarters of First Merchants Bank.
The development was the first to be approved for matching funds through the Regional Cities Initiative, resulting in a $2.8 million investment. Additional support came from the Indiana Economic Development Corp.’s Community Revitalization Enhancement District tax credit, federal New Markets Tax Credits, the City of Fort Wayne’s community and economic development arms and private investment.
Old National Bank was the lead financial partner with collaboration from Lake City Bank and Salin Bank.