More details about the first major private development along the riverfront are included in plans for the Eddy at North River that were filed this week.
Plans for the Eddy at North River include a four-story building that is more than 150,000 square feet on a 2.3-acre triangular property bordered by the St. Marys River and Ewing and Wells streets. The property lies across the river from Promenade Park.
The development was previously announced as the Wells Street Wedge, a $45 million mixed-use development.
An application filed this week with the Department of Planning Services asks for the Fort Wayne Plan Commission°®¶¹app™s approval of its primary development plan. The plans will not be required to go before the City Council after getting the commissions approval because the developer has not requested a rezoning.
The development is expected to be discussed at a Jan. 13 public hearing, however, and plan commission members will likely act on the proposal Jan. 27.
The application was filed by Fishers-based Civil & Environmental Consultants Inc. The property owner is listed as The Wedge at North River LLC, along with the Indianapolis address for Barrett Realty Investments, formerly known as Barrett & Stokely.
The Eddy at North River, 919 Wells St., is expected to have 66 one-bedroom units and 46 two-bedroom apartments.
The mixed-use development will have more than 3,100 square feet for retail and about 3,500 square feet for amenities. The parking garage is planned to be more than 68,000 square feet and have 206 spots.
City officials in October referred to it as the first major private development along the riverfront. Joe Giant, community development administrator, has said construction is expected to bring a $76.3 million economic impact, and an additional $4.6 million will follow after completion.
Once the project is complete, Barrett Realty will have invested more than $230 million across three downtown developments, including the Riverfront at Promenade Park and the Lofts at Headwaters Park.
