K & D Group
The K & D Group, of Willoughby, Ohio, is an American major real-estate holder of numerous prominent office and residential properties in Northeast Ohio. K&D Properties was originally established as a partnership by Douglas E. Price, III and Karen M. Paganini in 1984.[1]
The partnership began purchasing and renovating properties and formed K&D in 1998 to manage and acquire future properties. Today, as Northeast Ohio’s largest privately owned property management and development firm, K&D owns and manages over 45 apartment communities, consisting of nearly 10,000 units throughout Northeast Ohio, and includes properties attractive to high, moderate, and lower income individuals and families.[2] Mr. Price functions as K&D’s Chief Executive Officer, and Mrs. Paganini is its President.[3]
In 2016, it was announced by CEO Douglas Price III that the K&D Group had purchased the historic Cleveland landmark, The Terminal Tower, for $38.5 million.[4] This purchase was part of a $100 million project to transform floors four through 15 into luxury apartments.
In 2021, K&D was criticized for its slow response to flooding in its apartments at Terminal Tower.[5]
Properties
[edit]- Terminal Tower[7]
- 668 Euclid Avenue[8]
- 1717 East Ninth Building[9]
- Halle Building[10]
- Hanna Building[11]
- Keith Building[12]
- Leader Building[13]
- Reserve Square[14]
- Stonebridge Condos
- Stonebridge Plaza
- Franklin Hall[15]
- 55 Public Square[16]
- Artcraft Building [17]
References
[edit]- ^ "K&D | About Us". www.kandd.com. Retrieved 2021-07-13.
- ^ "K&D | About Us". www.kandd.com. Retrieved 2021-07-13.
- ^ "K&D | About Us".
- ^ "K&D Group buys Terminal Tower for $38.5 million". Crain's Cleveland Business. 2016-09-15. Retrieved 2021-06-24.
- ^ Sedlak, Emma. "Residents of Terminal Tower Apartments Say K&D Was Slow to Respond After Major Waterline Break, Quick to Go After Tenant Facebook Group That Shared Information". Cleveland Scene. Euclid Media Group, LLC. Retrieved 3 August 2021.
- ^ "Real Estate Services". Retrieved on 2015-10-21
- ^ Jarboe, Michelle (2016-05-09). "K&D Group has deal to buy Terminal Tower, with apartments planned; Forest City HQ move looms". The Plain Dealer.
- ^ Jarboe, Michelle (2009-07-23). "K&D Group's apartments at 668 Euclid Avenue complex to be available Aug. 15". The Plain Dealer. Archived from the original on 2016-03-04. Retrieved 2020-02-12.
- ^ McFee, Michelle Jarboe (March 22, 2012). "K&D Group plans to buy, remake East Ohio Building in downtown Cleveland as 223 apartments by 2014". The Plain Dealer. Retrieved 12 December 2012.
- ^ McFee, M.J. (December 4, 2014). K&D Group buys Halle Building, garage from Forest City, plans 240-unit apartment conversion. The Plain Dealer
- ^ Mcfee, M. J. (September 12, 2012). K&D Group closes Hanna Building Annex deal, will start construction on Playhouse Square apartments. The Plain Dealer.
- ^ McFee, M.J. (February 19, 2015). K&D Group set to buy Keith Building at Playhouse Square - but not for apartments. The Plain Dealer
- ^ McFee, M. J. http://www.cleveland.com/business/index.ssf/2014/08/leader_building_in_downtown_cl.html Leader Building in Downtown Cleveland Fetches 5.4 Million in Sale to K&D Group Retrieved on 2015-09-06
- ^ Bullard, Stan. K&D buys Reserve Square, Crain's Cleveland Business. 2005-08-31.
- ^ "Our Properties | K&D Real Estate Services".
- ^ "K&D buys 55 Public Square office tower, plans partial conversion to apartments". 11 February 2021.
- ^ "Cleveland's Artcraft Building is poised for apartment makeover". 22 January 2021.