Property Lines

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Real Estate & Retail

Kosene pitches towers

April 18, 2007

A $130-million retail and residential complex with two towers on either side of Market Street is one of the proposals expected today for redevelopment of the Market Square Arena site. Proposals are due at noon.Chase Tower
The project pictured here would include 180 condo units, 240 apartments, 68,000 square feet of retail space and 880 parking spaces. It is being proposed by a partnership of Kosene & Kosene Residential Inc., Pedcor Cos. and Market Square Equity LLC, which includes Lewis Smoot of Smoot Construction Co., the Ohio-based company that previously tried to develop the site. Smoot owns six acres adjacent to the site, including a parking garage, that could be developed as part of the plans. The project was designed by New York-based Ehrenkrantz Eckstut & Kuhn Architects.
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