Possible New I-69 Interchange Figures To Impact Commercial Growth In Northern Allen County

By Jeff Neumeyer

June 18, 2010 Updated Jan 12, 2010 at 7:12 PM EDT

FORT WAYNE, IN (Indiana's NewsCenter) --- Speculation about a new interchange being built on Interstate 69 near Parkview Hospital’s north campus also raises questions about the potential for commercial growth in conjunction with that project.

Though it makes sense new access to the interstate in Northern Allen County would cause more shops and stores to spring up, a representative of a local commercial real estate outfit says an explosion of business development is probably unrealistic.

That area is already in the process of transformation.

Dupont Road on either side of I-69 has seen lots of development over the past 20 years.

But Sam Schenkel, with CB Richard Ellis Sturges, says the new businesses there have popped up gradually, in an orderly fashion.

He expects more growth, but says that it may well look more like the tortoise than the hare.

Sam Schenkel/CB Richard Ellis Sturges: " Places like Indianapolis, Columbus Ohio, their overall metropolitan areas are larger than Fort Wayne. They’ve got different growth rate patterns. I always caution people when they talk about explosive growth, explosive rates, we're more slow and steady, versus explosive."

Schenkel is taking a wait and see attitude about how fast changes on the interstate materialize.

He says he's heard lots of rumors about a new interchange getting built in that location for years, but nothing has happened yet.

Schenkel knows that interchange will get built, but he also knows INDOT, for various reasons, makes slow, deliberate progress.

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