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    First Public Square, Now Terminal Tower


    Terminal Tower was built in the 1930’s, and KD Tower City LLC, an affiliate of KD Management plans substantial renovation and adaptive reuse, while preserving the historic interior of the building.

    The developer will convert the 4th through 14th floors of the 52-story building from office space to approximately 260,000 SF of residential space. When complete, the floors will have approximately 300 1-bedroom and 2-bedroom units. The developer will also renovate some existing office space to attract more tenants to the building. Lastly, the developer will make improvements to the adjacent North Park Garage. The redevelopment is expected to cost over $101 million, commence late 2018 and expected to be completed in 2020.

    Terminal Tower was purchased by K&D Group September 2016 for $38.5 million. The Department of Economic Development entered into and Non-School Tax Increment Financing agreement with KD Tower City LLC to assist with the financial feasibility of the project. The additional housing proposed with this project will provide much needed supply to an area that is in high demand for people looking to live downtown—where occupancy has soared to nearly 98%.  Further, housing located directly above downtown’s primary transit hub for RTA provides access anywhere in the city without the need for a car.