The property at 668 Euclid Ave. has a 73-foot central atrium,and is adjacent to the East Fourth Street entertainment district.K&D is demolishing the adjacent Dollar Bank Building, andadding in a park and a four-story annex building.

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Wyse is currently in two floors at the Landmark Office Towers inthe Downtown, but its lease is reportedly up next summer. Presidentand CEO Michael Marino said in a statement that the 10-year leasein the building fits the criteria for his 70 employees. "We lookedat a number of sites. This prime, visible Euclid Avenue locationwas the best reflection of the energy of our company and makes astrong statement in the revitalization of the Downtown businessdistrict. It also delivers everything our employees said theywanted – nearby amenities like parking, restaurants, entertainmentand convenient access to public transportation," Marino said in thestatement. He did not return calls for comment.

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His 57-year-old firm will likely move into ground floor of thenew building in August 2009. A parking ramp will also beconstructed at the site. Developer K&D owns and manages morethan 13,000 residential units, and has developed such properties asthe Stonebridge residential complex on the west bank of the Flatsin the Downtown, and other holdings include the Embassy SuitesHotel at Reserve Square and the Reserve Square Apartments.

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