Harrison Square: Downtown Fort Wayne to get a new
ballpark for the Wizards. Also condos, retail and a
hotel.
by Mayer, Kathy
SITE WORK IS UNDER WAY and the bases about to be loaded at the
16-acre, $125 million Harrison Square development along Jefferson
Boulevard and Harrison Street in downtown Fort Wayne
Soon to be on first base: a minor league stadium for the Fort Wayne
Wizards, With a condominium/retail building at second and a Courtyard by
Marriott hotel on third.
The L-shaped, multi-block development will be a home-team success
long in planning, says Greg Leatherman, redevelopment director for the
city of Fort Wayne.
"It was extremely challenging," he says. "In the
last four to five years, we've been working hard to create an
environment downtown that is receptive and inviting to private
investment. We were planning for growth and development when the Wizards
went up for sale."
Approached by a group With interests in both baseball and urban
development, "need met opportunity," Leatherman says. Plans
took shape, "and here we are today."
A key player--in the project, not on the field is Chris Schoen, now
one of the owners of the Wizards and a senior executive at Atlanta-based
Hardball Capital, a company that invests in and operates
baseball-related businesses. Schoen also owns Atlanta-headquartered
Barry Real Estate Companies, which is developing the condominium and
retail complex at the site.
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The city's Redevelopment Commission acquired and assembled the
real estate for the project, which included property with several
different zoning classifications, Leatherman says. "Now, it's
all zoned for downtown mixed use."
Eight businesses and 23 houses have been cleared from the property
The city is issuing a general obligation bond to cover its share of the
$125 million price tag; $61 million in private money rounds out the
funds.
The ballpark, condo/retail project and a 900-space, $14 million
parking deck with stadium seating on top are slated to open in April
2009. Construction of the hotel is scheduled to begin in spring 2008 and
take 16 months to build.
Not just for baseball. "This will be the most innovative minor
league stadium in America," says Jim Irwin, project manager for
Harrison Square and a principal in Barry Real Estate. "The owners
have visited over 60 minor league stadiums and are putting all the best
ideas into this one stadium."
Hardball Capital is contributing $6 million toward the $31 million,
city-owned stadium and will operate it for the city Its 16 private
suites have already sold out, to buyers such as Indiana Michigan Power,
Edy's Grand Ice Cream and Ratheon,
The Wizards, a Class A Midwest League affiliate of the San Diego
Padres, in 15 seasons have built a solid fan base who root for the navy
blue-and-silver.
Stadium features will include player batting cages on the concourse
that can also be used by fans, a conference center with rooftop seating
also available for private parties, a 40-foot video board to show
full-length motion pictures for picnickers on the green, a two-acre
public park with a water feature and a public amphitheatre, among
others.
"We are creating an environment that's not just for
baseball," Irwin says. "That's the city's
mission."
A facility that extends beyond baseball is a plus, says Betsy Perry
Patton, communications manager at the Fort Wayne/Mien County Convention
and Visitors Bureau. "We are on board with the developer's
vision of there being great potential for multiple functions at the
facility."
Besides private rentals, "Depending on how they build the
field, it could host other tournaments and drum corps. It's going
to be a visitors' destination, and we want to maximize its use.
We're very excited about it. It has definite potential."
Downtown living. The five-story, $20 million condo/retail building
along Jefferson Boulevard will offer 62 residences and 24,000 square of
feet of first-floor retail space. The condos will be a mix of
one-bedroom, one-bedroom plus den, two-bedroom and three-bedroom units,
Irwin says. "We have two target markets: young professionals
without children and Baby Boomers who don't want to do any yard
work."
The units are not billed as sports condos. "Baseball just
happens to be there," Irwin says. "These are unquestionably
year-round living." Purchase prices have not yet been set.
He expects retail tenants to range from three to eight, depending
on the space needed, and to include casual dining, a drugstore, a
fitness center and others.
A 250-room hotel. The six-story, $35 million Courtyard by Marriott
is being developed by Merrillville-headquartered White Lodging Services.
It will have 250 rooms, 6,000 square feet of meeting space, a
restaurant, bar, indoor pool and fitness center.
The hotel will also feature an overhead crosswalk to the recently
expanded Grand Wayne Center conference facility via the Embassy Theatre.
In the end, the time and effort will pay off for Fort Wayne and the
investors, Irwin says. "It's taken an enormous amount of
sustained effort to get us where we are. We've done our due
diligence, and we would not be doing this unless we believed it would
work."
But, he says, it couldn't have happened without the city.
"The opportunity presented itself, and the city was looking for a
private partner who had the skill set to do this. The stars were
aligned. The city welcomed us with open arms, and that goes a long way
when city business leaders are willing to take a risk with us."
The project is a giant step forward, says John Sampson, president
and CEO of Northeast Indiana Regional Partnership. "It's very
important for communities to invest in themselves. It represents a very
strong statement by the city of Fort Wayne to improve and be
better."
It may be just the beginning in new developments, suggests Ron
Sheets, president of the Fort Wayne-Allen County Economic Development
Alliance. "We're committed to the Harrison Square project both
as a catalyst for downtown development and for its potential to enhance
the quality of life by bringing additional vitality to the core area of
our community."
COPYRIGHT 2007 Curtis Magazine Group,
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Copyright 2007, Gale Group. All rights
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NOTE: All illustrations and photos have been removed from this article.