Lexington-based CRM/DW Wilburn has been selected to design, build, finance, and operate the 385,500 sq ft, 1,500 employee office building and 1206 space parking structure.
Before a final contract is awarded in early December, negotiations are proceeding to ensure all aspects of the request for proposal will be met.
Once the contract is finalized, approximately 16 acres of land in downtown Frankfort will be deeded over to the developer.In addition to the new construction, the developer will be responsible for demolition of the Capital Plaza Tower, Frankfort Convention Center, two plaza area parking garages, elevated plaza and plaza infrastructure, Fountain Place Shops, Wilkinson Boulevard Offices, the elevated overpasses on Clinton and Mero Streets, and the cooling towers on Wilkinson Boulevard.
Additionally, the developer will be responsible for improvements to the Wilkinson Boulevard pedestrian bridge, Capital Plaza Hotel façade, and YMCA parking garage Clinton Street façade.Once substantial construction of the building and garage are complete in March of 2020, the 8-acre parcel where the Fountain Place Shops and convention center are located will revert to the Commonwealth.
As previously reported the Finance and Administration Cabinet received strong interest in the civic P3.