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$18.3 MILLION INVESTMENT TO TRANSFORM FORMER GATKE SITE IN WARSAW

Friday, June 2, 2023

故事从 钢筋的发展 .

Fishers, IN – Together with project partners, 钢筋的发展 announced a new $18.3 million project at the former Gatke site in Warsaw, Indiana. The project was approved by the City of Warsaw’s Redevelopment Commission and includes the rehabilitation of the existing Gatke Warehouse and the development of a new market-rate apartment 构建ing on the former Gatke factory site. The Gatke project brings a unique mix of housing, flexible office/studio options, commercial space to the 阿贡走廊.

“The City of Warsaw couldn’t be more excited about the Gatke阁楼 project that 钢筋的发展 has proposed at the McKinley Street location. This project will provide needed 工作force housing and attractive public space that will activate the McKinley Street Ride-Walk corridor and be transformational in this old historic industrial area,” said City of Warsaw Mayor Joe Thallemer. “Our partnership with Rebar and support of the Gatke阁楼 is the culmination of a lengthy search for a sustainable project on this challenging site and we are thrilled to finally be moving ahead.”

Officially named The Gatke Warehouse and Lofts, the project includes the rehabilitation of the existing warehouse structure, bringing back to life 100 years of Warsaw history. The aging structure will be transformed into a 12,000 sq. ft. hub with eight 940 sq. ft. flexible live-工作 studio units and 4,300 sq. ft. 商业空间. The restored 构建ing will offer opportunities for a unique mix of residential studios, 办公室, 餐厅, innovation/lab space, or other related uses.

The residential portion of the project, known as The Gatke阁楼, will replace the dilapidated structures that are beyond restoration. The new 构建ing will pay homage to the original structures with coordinating brick, architecturally significant details, industrial-style interior finishes. The Lofts 构建ing includes 75 one- and two-bedroom Class-A apartments with amenities that include a rooftop terrace, 工作-from-home lounge, 咖啡馆, 会议室, state-of-the-art fitness center, 自行车存储, incredible views of Winona Lake.

“The Gatke project was a collaborative effort with local, 区域, state officials and just wouldn’t have been possible without their support and commitment,谢尔比·鲍恩说, President of 钢筋的发展.

Project partners include the City of Warsaw, 科修斯科山县 Economic Development Corporation, Northeast Indiana Regional Development Authority and the Indiana Economic Development Corporation (IEDC). Contributions from the city and a $4 million 重建 tax credit from the IEDC, round out this unique private-public partnership.

“The Gatke project is the type of projects we aim for at the IEDC,马克·瓦斯基说, Senior Vice President of Community Affairs at the IEDC. “By rehabilitating this property in the 阿贡走廊 with mixed-use space, the city is not only creating a solution for housing 工作force, but it’s also beautifying and revitalizing the area, making it a more attractive place to 工作 and relax. 这个大胆的, future-focused project is helping Warsaw attract and retain new businesses and the 工作force to support.”

“We believe the Gatke Warehouse and Lofts will be a fantastic place to live, 学习, 工作, visit in the region and are eager to bring new life to this key piece of the 阿贡走廊,鲍恩说.

Construction is expected to begin in August of 2023 and is expected be complete in the winter of 2024.

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