The project formally began in 2016 when the city solicited design ideas; it selected a winning proposal in 2017.

The market currently occupies an adjacent building, with the project site utilized as a 130-space surface parking lot.

The market currently occupies an adjacent building, with the project site utilized as a 130-space surface parking lot.

[1] Seven teams of developers presented ideas; the winning proposal, "Market Tower" by Wood Companies and Schiff Capital Group, was chosen in April 2017, over designs by the Pizzuti Companies, Nationwide Realty Investors, Kaufman Development, Flaherty & Collins, Casto, and Lifestyle Communities.

[7] The winning design was initially proposed to have 35 stories, with a square floorplan and an exterior predominantly made of tall glass panels.

[9] At the time the winning project was announced, it was proposed for construction to take place from 2018 to 2020 at a cost of $120 million.

[13] In September 2021, changes were made to the project, including increasing the number of floors to 31, making it potentially the tallest building constructed in the city since 1990.