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By Sam Hoffman
A large crowd watches Mayor Tom Henry and executives of Ash Brokerage, Hanning & Bean break ground Thursday for the new downtown project.

Building begins on Ash Skyline Plaza, Skyline Terrace

By Sam Hoffman
Tim Ash, chief executive officer of Ash Brokerage talks about his new construction project, Thursday at the ground breaking for the Ash Brokerage, Hanning & Bean project.

Construction on the Ash Skyline Plaza has officially begun.

Officials from Ash Brokerage, developer Hanning & Bean and numerous city government entities held a groundbreaking Thursday to kick off work for a massive commercial, retail and residential project that will cover most of a city block among Wayne and Berry, Harrison and Webster streets downtown.

Ash Brokerage is planning an eight-story, 95,000-square-foot, $29 million headquarters building on the site. The company will move its 200 employees to the new building and add 115 more.

Also in the project is a $30 million, 17-story residential tower of 100 townhomes, apartments and condos by Hanning & Bean Enterprises.

Both projects will sit on top of a city-owned 1,200-space parking garage, which will be surrounded by street-level retail.

The Ash Brokerage office tower will be known as “Ash Skyline Plaza,” while the residential tower will be called “Skyline Terrace.”

Local government is contributing about $39 million toward the project, which includes the land, demolition of the buildings currently on the site, excavation and construction of the parking garage.

For more on this story, see Friday’s print edition of The Journal Gazette or visit after 3 a.m. Friday.