New Dayton Arcade partners part of amazing Midwest transformations

Updated March 09, 2018
Model Group developed the $10 million Trevarren Flats in Walnut Hills. The project has three attached historic buildings. The development offers 30 market-rate apartments and first-floor retail space. CONTRIBUTED

Miller-Valentine has stepped back from the Dayton Arcade project. But up stepped two big-time players in urban redevelopment: the Model Group and McCormack Baron Salazar.

They have partnered with lead developer Cross Street Partners on the arcade project.

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Model Group’s work is well-known in Cincinnati, where the firm played a lead role in transforming Over-the-Rhine from a ramshackle, crime-ridden neighborhood into a premier entertainment district and one of the region’s hottest places to live and play.

McCormack Baron Salazar has achieved national prominence as a leader in for-profit redevelopment of urban neighborhoods. The firm has developed 195 projects in 46 cities, resulting in 21,290 housing units and 1.2 million square feet of commercial space. Development costs have been about $3.9 billion.