Nationwide, compact, walkable cities rich with culture and entertainment options are the new places to be. Therefore, strategies to make Greater Downtown an urban neighborhood with 18-hour-a-day vibrancy are integral to it becoming a more active, busy, and fun environment – attractive to people and businesses.

Downtown’s neighborhood is growing. Condo and apartment options across the Greater Downtown have increased by 320 units since 2010 and the population in downtown’s core has been increasing since 2000. The number of downtown condos alone has increased by 75% since the launch of the Greater Downtown Dayton Plan, with many of these new units selling before construction even finished. Consistently increasing sales prices show demand remains strong.

The historical neighborhoods surrounding downtown also provide excellent opportunities for urban living. Many of these homes have been carefully restored, and on weekends owners are often hard at work renovating the homes yet to be refurbished. This work is paying off – in a period from 2011 to 2014 when most of the residential property in the region dramatically declined in value, the 1,875 residential properties in the ten historical districts increased in value by 14.4%. ( Source: Dayton Daily News).

Apartment seekers contend with a competitive market downtown. 240 units have come online since 2010, but demand is still outpacing supply. For four straight years, downtown Dayton has had the tightest apartment market in the region; typically at an occupancy rate of 96 to 98%. Seeing an investment opportunity, developers have plans in the works to add another 445 units.

Plan goals include:

  • Create an urban neighborhood with 18-hour-a-day street activity by developing 2,500 new housing units between 2010 and 2020.
  • Increase the residential population in downtown’s core by 50% by 2020.
  • Create a multimillion-dollar fund to assist in the development and financing of housing projects in the Greater Downtown.
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New apartments coming to downtown Dayton

A former industrial property in the Water Street District will soon become an apartment building with 100 units, along with on-site parking.

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Dayton Arcade lands $5M in tax credits

In a major boost for its latest redevelopment plan, the Dayton Arcade has landed $5 million in historic tax credits, state officials announced Wednesday.

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Downtown Dayton housing demand holds strong

Housing is at the heart of the city’s downtown comeback and, with current apartments and homes almost all spoken for, there appears to be room for much more.

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UD in the Arcade: Why it makes sense

University of Dayton will have a presence in the Dayton Arcade, echoing the ideas of another city its developers have looked to for inspiration.

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Construction boom: 10 downtown Dayton projects

Greater downtown Dayton is in the midst of a healthy construction boom that promises to bring new jobs, housing, amenities, entertainment and infrastructure upgrades.

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Downtown investment exceeds $1B this decade

Investments made or planned for downtown have surpassed the $1 billion mark since 2010, a milestone in the effort to re-energize the center city, and a benchmark that speaks to many projects yet to come.

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Dayton Arcade awarded $20 million in funding

A proposal to convert part of the Dayton Arcade into housing has secured a whopping $20 million in tax credits, which officials hope to use to jump-start the large-scale redevelopment of the iconic complex.

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Increased housing options a downtown win

Downtown Dayton is enjoying renewed interest as more businesses open and bring more employees downtown. Meanwhile, more millennials and empty-nesters seeking a different lifestyle…

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Stakeholders see downtown Dayton on the rise

Tuesday’s annual Downtown Dayton Special Improvement District meeting was an opportunity for downtown’s stakeholders, investors and champions to gather and view the progress that downtown has made, particularly since the beginning of 2015, and to set sights to the future

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Plans unveiled for downtown entertainment district

Two investors who are part of a development group said Tuesday they’ve purchased key commercial buildings in downtown Dayton to launch a new entertainment and residential district around East Third Street.

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Downtown Dayton: City on the Move in 2015

2015 will be a year on the move for downtown Dayton. Here are a few highlights of what you can expect in your city as we travel through the new year:

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Downtown housing surge continues

Downtown Dayton’s hot housing market shows no signs of cooling off, with already half of the Patterson Place townhomes and Rubicon Square condos sold, according to homebuilder Charlie Simms.

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New condos on the block: The McCormick

More residential options are coming to downtown Dayton, which is good news as more people living downtown should bring more business, more activity, more stuff!

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Student Suites project moves forward

Dayton City Commissioners on Wednesday night approved spending an additional $215,000 to complete the demolition and cleanup of the former Schwind Building property, which was a hurdle preventing the $18 million Student Suites project from moving forward. – See more … Continued

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PNC confirmed as anchor tenant for Water Street

PNC Bank has officially confirmed it plans to anchor the new $33.5 million Water Street development project downtown. The bank signed on as the anchor tenant for the 50,000-square-foot office building portion of the riverfront development. PNC will occupy the … Continued

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$36 million Downtown Project Moves Forward

The Dayton City Commission approved an amendment to the city’s zoning code that allows the proposed mixed-use Water Street Project to move forward. The project calls for new retail, residential and office space along downtown’s riverfront.