A nonprofit publication of the Kentucky Center for Public Service Journalism

Construction more than three months ahead of schedule on building to replace Capital Plaza Tower

By Tom Latek
Kentucky Today

The project to replace the 26-story Capital Plaza Tower is ahead of schedule.

Finance and Administration Cabinet Secretary William Landrum told Kentucky Today on Tuesday construction on a new building is three to three-and-a-half months ahead of schedule.

He credits a lot of that to the contractors, CRM Companies and D.W. Wilburn, who built a similar sized structure, known as the 300 Building, at 300 Sower Boulevard.

“We are very excited about the opportunity to move public service employees from various cabinets, who are in eight, nine, 10 different buildings around the Frankfort area, consolidate them, improve command and control, improve our business processes, to reduce the footprint of state government,” he said.

Construction is ahead of schedule for the building that will replace the Capital Plaza Tower in Frankfort. (Photo by Tom Latek, Kentucky Today)

There are also 6.4 acres of the former Capital Plaza Complex, which also included the Frankfort Civic Center and Fountain Place Shoppes, which Landrum said, “I plan on putting as a private sector, mixed-use property into the project, which allows property taxes to be accruing for the schools and local governments.”

Landrum said he has entered into a Memorandum of Agreement with Frankfort Mayor William May and Franklin County Judge-Executive Huston Wells on the land. “They are holding public meetings and hopefully a request for information to get developer input because Frankfort’s in control. I wanted Frankfort to be in control, for them to design and put in what they felt they need.”

He said he is unaware of any example in the past where the state has turned over the property to the city of Frankfort. “I can’t find anything in over 50 years where they have done that and helped the city with property taxes and schools.”

Landrum said he is working on a space management program to determine which state agencies will move into the new building.

“Right now I have about 1.5 million square feet of leased property within Franklin County, and about 385,000 square feet of a five-story building,” Landrum said. “So, we’ll still have over a million square feet of rental property. Once I do that, there will be about 4,000 public service workers who will be located downtown.”

He said the new building will not have a cafeteria for the state employees. “I want them to enjoy the local economy. That was one of the main points in the design of the building.”

There will be a parking garage attached and space for additional street parking if needed.

The project’s scheduled competition date is April 2020, and Landrum adds, “We are on time and on budget.”

After the project is completed, Landrum said he is looking at talking with officials at the adjacent YMCA about expanding the available land there, and on to the Kentucky River, for use as private sector mixed-use property.

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