The partnership developing Electric Works predicted a blizzard of leasing commitments would come if city and county officials committed $65 million to the $248 million project.
That forecast seems to be spot on.
Medical Informatics Engineering, commonly called MIE, has signed a letter of intent to open future operations at the former General Electric campus, officials announced Monday, less than one month after RTM Ventures secured the last piece of requested local funding.
Additional leasing agreements are working their way through the pipeline.
Organizations that have already announced plans to occupy space in Electric Works include Parkview Health, Fort Wayne Community Schools and Indiana Tech. An Indiana University trustee told The Journal Gazette that IU is also pursuing a place there.
MIE's initial plans include an advanced research and development center, as well as a state-of-the-art “virtual presence” training center. It's unclear how many square feet the company will need.
Doug Horner, MIE's founder and CEO, said Electric Works is among the projects reinvigorating downtown. His firm, which was founded in Fort Wayne in 1995, wants to participate.
“As we look ahead, we anticipate growth in the health information technology sector and the employer and clinical clients we serve,” he said in a statement. “Adding more space at Electric Works will help us attract and retain the management, software development and deployment staff needed to support scalable expansion.”
MIE built its Med-Web network to help northeast Indiana hospitals, physicians and other health care providers exchange electronic data. The company then ventured into web-based electronic health record applications, among the first in the country.
MIE's products are used by hospitals, physician practices, Fortune 500 employers, government agencies and consumers.
Electric Works, a 39-acre, mixed-use development, will include an area dedicated to innovation. Other portions of the total 1.2 million square feet will be used for office, educational, retail, residential, hotel and entertainment purposes.
By taking up residence in Electric Works, MIE will allow its advanced research and development center staff to collaborate more easily with follow tenants working in health care and higher education, officials said in a news release.
Jeff Kingsbury, a partner in RTM Ventures, said Electric Works is the ideal place for MIE to grow and expand.
“Doug and his team recognize the unique opportunity this project presents – serving as a key facilitator for businesses to partner and collaborate with leading institutions,” he said in a statement. “MIE's presence at Electric Works will be vital in bringing our community's vision of a mixed-use district of innovation, energy and culture to life.”