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Let's Be Clear: An open conversation with Terminal Tower ownership CEO Doug Price

Price is the CEO to K&D Group, which owns the tower.

CLEVELAND — "Let's Be Clear" is all about transparency. WKYC has a clear, mobile newsroom that we're taking across the state to talk to those making headlines in Ohio. Whether you agree with the guest, disagree, or are a fan of them, we know you have questions for them.

Terminal Tower is the quintessential Cleveland landmark.

The 52-story building looms over Public Square as the anchor of the city's skyline. Now, the Cleveland icon is transforming with the times, though its exterior remains the same. 

K&D Group purchased Terminal Tower in 2016. K&D CEO Doug Price joined WKYC's Let's Be Clear truck on Tuesday on Public Square to give more details on plans for the tower.

Watch the full interview again below:

Price is excited for the future of Terminal Tower

Price, who is from Cleveland, said his father used to work at Central National Bank inside the tower. 

"He said, 'It is Terminal Tower. You have to buy it,'" Price recalled.

Now, the focus is on restoring the tower while maintaining its historic roots.

Terminal Tower will soon open its interior to residents, as 297 new apartments with modern amenities are set to open in September. The project began last August and crews are inching closer to the first move-ins.

Price said about 25% of the building has been leased, with all units expected to be finished by March. Price said one floor should be completed every three weeks.

Business may also begin booming inside the building, as Cleveland business mogul Bernie Moreno continues to pursue interest in making Tower City home to Blockland, Cleveland's blockchain effort. Cleveland Cavaliers' owner Dan Gilbert's Bedrock real estate firm owns the mall portion of Tower City. 

MORE | Let's Be Clear: An open conversation with Cleveland car mogul, entrepreneur Bernie Moreno

"We're very excited about that. What a great use for that mall space that's sort of partially occupied at this point for a high tech center," Price said. 

K&D also owns Post Office Plaza at Tower City. Post Office Plaza is currently at 70% occupancy, which Price said is expected to increase to 90% by the year's end.

"If you look at the amount of people that work in Tower City, especially with the blockchain thing, it's going to be literally thousands of people working in this area," he added. "Public Square is sort of their front yard where they can come out, relax, get some sunshine and maybe partake in some of the events going on. What a beautiful front yard for where you live or work."

Click here to watch past episodes of Let's Be Clear.

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