Barry Real Estate Statement On The Harrison: We Need More Time

By Eric Clabaugh
By Scott Sarvay
By Jeff Neumeyer

May 10, 2011 Updated May 10, 2011 at 5:26 PM EDT

FORT WAYNE, Ind (Indiana's NewsCenter)-The developer of "The Harrison" is asking for more patience in the face of persistent construction delays.

The issue triggered a letter from Fort Wayne’s mayor, seeking answers about what's holding things up.

In February, the head of Barry Real Estate out of Atlanta rolled into town, announcing the residential-retail project was all but a done deal.

But May first, the targeted date for groundbreaking, came and went with no sign of progress.

Monday, Mayor Tom Henry delivered a letter to the city redevelopment commission, requesting the agency summon the developer for a status update before the end of May.

The letter read in part, "…It is clear with the passing of the developer's expected early-May groundbreaking deadline, that an update on The Harrison and the work underway are essential."

Chris Schoen of Barry Real Estate released a statement of his own Tuesday, saying, “…this project is complex and has so many moving pieces that it has required some additional time. I am determined to make sure that everything is in place and confirmed twice over before specifics are announced."

We talked to a member of the redevelopment commission, getting his sense for the cause of the delay.

Casey Cox/Ft. Wayne Redevelopment Comm.: " I'm sure it's something with financing, the extent of those details I'm not quite sure. Hopefully Mr. Schoen will give us information about what exactly the remaining hurdles are, if any."

Under a settlement agreement, $2.4 million in fines and penalties could be levied against Barry Real Estate and Hardball Capital if those companies don’t deliver the project.

It includes plans for 42 apartments, an Irish restaurant, a law firm, credit union branch, and possibly a health and fitness club.




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