Major players emerging in competition to build Frankfort’s Capital Plaza redevelopment


From Kentucky Today

Some major players are emerging in the competition to build the Capital Plaza redevelopment project.

The State Journal reported that CRM and D.W. Wilburn of Lexington, the same developers who teamed up to build the new state office building at 300 Sower Blvd., sent representatives to a recent walk-through for potential bidders, according to a sign-in sheet released by the Kentucky Finance and Administration Cabinet.

Will Crumbaugh points out a development his father had once envisioned for downtown Frankfort. (The State Journal/Alfred Miller)

The newspaper reported that Mary Beth Wright of Messer Construction and Webb Companies’ Dudley Webb and Ralph Coldiron were also listed on the sign-in sheet.

Frankfort’s Will Crumbaugh also is interested in the project. Frankfort-based Crumbaugh Companies are teaming up with Weyland Ventures of Louisville to vie for the project.

Weyland Ventures’ portfolio includes the Louisville Slugger Museum and downtown Louisville’s Henry Clay building. Crumbaugh said even if he and Weyland don’t win the project, he’s encouraged about the prospect of 1,500 state employees relocating to downtown Frankfort.

Firms from as far away as Georgia, Illinois, Indiana, Louisiana, Michigan, Nevada, New York, Ohio, Pennsylvania, Tennessee, Texas, and Washington, D.C., and Toronto, Canada, have also expressed interest in bidding on the project.

The project includes demolishing the 28-story Capital Plaza Tower, Fountain Place Shoppes and the Frankfort Civic Center.

In place of the Capital Plaza Tower will be a five-story, 385,500-square-foot office building designed to bring about 1,500 state employees, twice the number that worked in the Tower, under one roof.
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This story first appeared in The State Journal: www.state-journal.com.


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