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.”
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Downtown housing developments in the works
1. Patterson Place
North Patterson Boulevard and East First Street
Builder Charlie Simms is planning to build 31 units at Patterson Place, an approximately $5 million project, to consist of several buildings.
2. Student Suites
45 S. Ludlow St.
Cox Media Group Ohio (the owner of this newspaper) announced April 10, an $18 million project to convert the former Dayton Daily News building and certain other surrounding properties into a 200-unit apartment complex for Sinclair Community College student housing.
Cox Media Group Ohio said it plans to sell the property to nonprofit United Housing and Community Services Corp. of California, which would partner with Missouri-based Student Suites.
Plans call for 150 two-bedroom and 50 one-bedroom apartments. The timetable is for a fall 2014 opening.
3. Sixth Street Lofts
207 E. Sixth St.
Oberer Thompson and Sixth Street LLC are nearly finished renovating the former Excelsior Laundry building, turning it into a 17-condominium building with enclosed parking, scheduled to open by the end of summer. The $3 million project is in the city’s Oregon District.
4. Lux-Lofts Apartments
115 E. Third St.
Excel Realty Group hopes to turn the David Building into 110 apartments. The project was awarded a $3.3 million Ohio Historic Preservation Tax Credit and they are applying for additional funding from the Ohio Housing Finance Agency. Excel President Peter Jobson says if all applications are approved, he hopes to begin work on the $15.3 million project later in 2013.
5. Water Street Redevelopment LLC
North of Monument Avenue, east of Patterson Boulevard
City commission approved July 10 a pre-development agreement with Columbus-area company Crawford Hoying to build a $36 million mixed residential-office-retail project on a vacant Dayton riverfront property just north of the Dayton Dragons ballpark.
Phase 1 plans call for construction of a 50,000-square-foot Class A office building with a restaurant, 161 apartment units and a 320-space parking garage north of Monument Avenue and east of Patterson Boulevard.
If all goes well, the city would execute a purchase agreement with developer Water Street Redevelopment, and construction could begin in spring 2014, targeting completion in fall 2015.