Editing Terminal Tower (section)

==Ownership==
The tower, owned by Forest City Realty Trust since 1983, was purchased by Cleveland's K&D Group on September 15, 2016 for $38.5 million (equivalent to ${{formatprice|{{inflation|US-GDP|38,500,000|2016}}}} in {{inflation/year|US-GDP}}).{{inflation/fn|US-GDP}} K&D added a mixed-use element to the building, converting 11 of the lower, larger floors to residential use, with 293 one- and two-bedroom apartments. Many other historic downtown buildings are undergoing similar conversions. K&D is the largest privately held owner/manager of apartment buildings in the area and maintains the tower's upper floors as office spaces.<ref>{{Cite news |last=Jarboe |first=Michelle |date=15 September 2016 |title=Terminal Tower sold to K&D Management, LLC in $38.5 million deal; apartments planned for 12 floors |url=http://realestate.cleveland.com/realestate-news/2016/09/terminal_tower_sold_to_kd_grou.html |access-date=10 November 2016 |work=The Plain Dealer |location=Cleveland |archive-date=14 November 2016 |archive-url=https://web.archive.org/web/20161114145832/http://realestate.cleveland.com/realestate-news/2016/09/terminal_tower_sold_to_kd_grou.html |url-status=live }}</ref>