Two big players in urban redevelopment have signed on to partner on the Arcade project.
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.
Two big players in urban redevelopment have signed on to partner on the Arcade project.
Read the latest Greater Downtown Dayton Plan Progress Report: The 2017 Progress at a Glance.
It’s no secret that downtown Dayton is the hottest area for development in the city. More and more experienced developers are entering the market, and Dayton is seeing the largest construction boom in decades thanks to new investment in and … Continued
Downtown Dayton attracted dozens of new developers last year and that growth is expected to continue throughout the new year.
Downtown Dayton is experiencing the largest construction boom in decades, driven by colossal interest in urban living and the growing appetite for unique and authentic live, work and play opportunities.
A former industrial property in the Water Street District will soon become an apartment building with 100 units, along with on-site parking.
A new 70,000-square-foot mixed-use building in the Oregon District is now open for residents, and will soon be open for business.
In a major boost for its latest redevelopment plan, the Dayton Arcade has landed $5 million in historic tax credits, state officials announced Wednesday.
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.
The Resurgence of Downtown Dayton forum was held at Sinclair Community College drawing roughly 300 attendees.
The accelerating pace of downtown Dayton development has planners looking at how to connect the dots between major projects in the core.
There have always been places to live in downtown Dayton, but increasingly, downtown is becoming the place to live.
Downtown Dayton saw a busy April as spring construction season brings some big ideas to life.
The developers behind Fire Blocks District in downtown Dayton have been playing things close to the vest as they build the capital for the $100 million revival.
Read the latest Greater Downtown Dayton Plan Progress Report: The 2016 Progress at a Glance.
University of Dayton will have a presence in the Dayton Arcade, echoing the ideas of another city its developers have looked to for inspiration.
Greater downtown Dayton is in the midst of a healthy construction boom that promises to bring new jobs, housing, amenities, entertainment and infrastructure upgrades.
After decades of housing companies started in Dayton, the developers of Downtown’s Fire Blocks district hope rehabilitation will prepare for a new generation of businesses.
A half-acre rooftop park could adorn what developers are terming “the base of lifestyle development” in downtown Dayton’s Fire Blocks project.
To Winfield Scott Gibson, the six-story-tall Elks Building in downtown Dayton looks not like an underused space, but a crown jewel.
With years of anticipation built up, developers say an ambitious $100 million plan for the Fire Blocks District will transform a big sector of downtown Dayton in 2017.
Developers say they can’t keep up with demand for apartments in downtown.
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.
The Dayton area is in the midst of a “renaissance” where larger corporations have opened or expanded, millennials are lowering vacancy rates downtown, and small business and manufacturing growth is looking up.
The city government is wasting little time in its designs to revive south downtown Dayton.
An office tower that contributed to downtown Dayton’s rapid development more than a century ago could now play a role in its revival.
Bit by bit, block by block, downtown Dayton is undergoing a re-imagining. Talk to anyone who lives, works or plays there, and you’ll hear a growing sense of excitement. We’re tracking more than 50 projects in downtown that are in … Continued
WHIO Reports: Downtown Housing and Revitalization
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.
One of the transformative changes in downtown Dayton has been the rise in residential development.
Dozens of projects are in the works or under construction in downtown Dayton.
For so many Daytonians, a dream is being realized…a vital, vibrant and vivid city! The amazing turnaround is all most too much to believe, but cities everywhere are taking notice.
Two buildings in downtown Dayton were recommended for approval to the National Register of Historic Places — a designation that makes properties eligible for a 20 percent federal tax credit on renovation projects.
A major project in the South park neighborhood of Dayton is close to beginning.
Read the latest Greater Downtown Dayton Plan Progress Report: The 2015 Year in Review.
A new development partnership has announced plans to rehabilitate the Dayton Arcade in several phases…
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…
People are flocking back to downtown Dayton’s urban core.
Key elements of the plan to make downtown Dayton a vibrant and walkable destination are taking shape, with more than $168 million in investment coming to the Central Business District in the next four years.
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
The city core is showing signs of a new sparkle…
Charlie Simms has plans for another housing development in downtown Dayton.
The pieces are coming together for a multi-million-dollar commercial and residential development…
Dayton area residents are invited to celebrate Summer in the City with a new slate of branded downtown events…
Wednesday morning, the city commission threw its support behind three housing projects moving forward in downtown Dayton.
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.
Water Street developers have secured the financing to build 215 market-rate apartments, the first of which are expected to open by the end of summer.
Miller-Valentine Group has purchased the Barclay building at 137 N. Main St. in Dayton.
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:
One of downtown’s most successful residential developers has another project in the works for downtown Dayton.
Downtown Dayton section will be a thriving hot-spot in 10 years
Hundreds of business owners and community leaders packed the Schuster Center Wednesday evening to talk about the progress made downtown in 2014 and in the years since the Greater Downtown Dayton Plan was created.
Unveiled Wednesday during an event at the Schuster Performing Arts Center, the new Greater Downtown Dayton Plan builds on recent progress in the center city and seeks to accelerate growth related to housing, economic development, arts and recreation and transportation … Continued
Read the Greater Downtown Dayton Plan Progress Summary & Updated Recommendations for 2015-2020.
The developer for the Water Street project that’s revamping downtown Dayton’s riverfront just purchased a historical building next to the project.
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.
The apartment market is still one of the hottest sectors of Dayton’s real estate market, according to a recent study.
From running an emergency room to singing in nightclubs to pay for college, Dr. Mike Ervin has led a varied career. Now the co-chair of the Downtown Dayton Partnership devotes his life to serving on company and charitable boards in … Continued
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!
Developers of the Water Street district in downtown Dayton are upping the number of residential units in the first phase of the project again.
CityWide Development Corp. is looking to sell some apartment units it owns downtown as condos.
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
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
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.
The Sixth Street Lofts in the Oregon District has already welcomed its first resident, with three more scheduled to move in during September.
Charlie Simms, a leading builder of downtown Dayton housing, said he’s “very bullish on downtown living” because “that’s where the market’s going.”
Take a look as Simms Development owner, Charlie Simms, gives us an inside tour of a Patterson Square townhome.