The reason: The property is in the city's Downtown Historic District, protected from demolition and radical exterior changes. At least one building goes back to 1886.
Kling couldn't be reached at GlobeSt.com's publication deadline for comment on what he plans to do with the asset. It's the most frequently-asked question Downtown and the city's biggest secret to date.
But brokers who have worked with Kling's investor group, F.F. South & Co., tell GlobeSt.com on condition of anonymity the investor isn't too concerned over not being able to demolish or change the outside look of the properties because he is considering uses other than entertainment for the asset.
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