Konak Square underwent significant transformations, particularly in the second half of the 20th century, further solidifying its role as the city’s center. Among these changes, the construction of the İzmir Metropolitan Municipality service building, the Central Bank İzmir branch building, and the SSK (Social Security Authority) Business Blocks were particularly significant. The projects for all three buildings were selected through architectural design competitions, with planning and construction activities beginning in the second half of the 1960s and concluding in the early 1980s. The İzmir Metropolitan Municipality service building, which held a prominent place in the square’s landscape due to its location, was demolished after being deemed structurally unsafe following the earthquake on October 30, 2020.
In the 1950s, international design competitions were held to implement a comprehensive redevelopment plan for Konak Square. However, despite the selection of several noteworthy projects, none were put into practice. The reorganization of Konak Square reemerged on the city’s agenda in the 1980s, but the project was only realized in the early 2000s. With the “Konak Square and Surrounding Area Redevelopment Project” designed by Ersen Gürsel, Konak Square attained its present appearance in 2003. As part of the project, the square was closed to vehicular traffic and reconnected with the sea. This change allowed passengers arriving at Konak Ferry Terminal to walk directly into the square and continue toward Kemeraltı Bazaar. Additionally, a recreational area of approximately 35,000 square meters was created, transforming the square’s surroundings into a space for strolling and relaxation.