Surack Enterprises And Weigand Construction Unveil Community Project Update
Press Release
FORT WAYNE, IN – The Pearl, a mixed-used development currently under construction at 247 Pearl Street in downtown Fort Wayne, has reached 60% completion. Set to be finished late summer of 2024, the $72 million dollar project will bring a multitude of new amenities including:
76 Apartments
Live/Work Storefronts
Crescendo Coffee Shop
300 Seat Event Center
Pedestrian-Oriented Concrete Streetscape on Pearl St.
The ability to host small concerts, events, and more.
12,000 square feet of commercial retail tenant space for any business that opens onto Pearl Street.
Residents interested in making The Pearl their new home will have many options to choose from, with 24 1-bedroom, 30 2-bedroom, and 13 3-bedroom units available for rent. There are also choices for remote professionals searching for work-from-home accommodations, as The Pearl will include 9 apartments with built in offices along with a community business center off of the lobby, bringing the total residential space to 84,914 square feet. With access to several floors in the facility, occupants will enjoy special features such as:
A 3rd floor, climate-controlled, private parking garage with bike storage.
A 4th floor green roof plaza, complete with a water feature, outdoor seating, fire pits, grills, and miniature golf.
A 7th floor community green roof terrace will have 2 pergolas, lounge space, grilling areas, and fire pits, with a connected indoor amenity space for community gathering and recreation.
An onsite fitness center.
A dog wash station.
The Pearl will be a vibrant community, combining walkable living spaces, offices, storefronts, fitness centers, food and drink, live music, education, the arts, entertainment, and culture under one roof right in the heart of the city. This project will open a host of opportunities for businesses and entrepreneurs, creating a new place for visitors and residents alike to experience, share, and enjoy the best that Fort Wayne has to offer.
Across the street from The Pearl, another Surack Enterprises redevelopment is underway. Renovating 37,000 SF of the east end of the iconic Perfection Bakery Building, The Hagerman Group is also scheduled to complete this exciting $22.5M project, known as the Pearl Street Arts Center, in the summer of 2024. The fine arts center will feature:
Office Space
A 16-Room Music Academy
Two fully accessible education classrooms
A 400-Person state of the art performance theatre
Backstage and public amenities
These two projects, forming the Pearl Street District, are a complete, private investment in Fort Wayne’s downtown, totaling $94.5 million in all.
For more information about The Pearl, please visit www.thepearlfw.com
To find out more about The Pearl Street Arts Center, go to pearlarts.org