Skyline on Fifth was planned as a condominium development in the 1960s, but it was never brought to market as intended. Ownership of the property changed hands for years, including several times during the years of the Great Recession. Finally, Altis Cardinal acquired the property in 2012 while it was operating as an apartment building. The Altis Cardinal team recognized that the property was underperforming and took on the challenge of bringing it to its full potential.