WA­TER STREET ADDS TO DAY­TON GROWTH

Day­ton’s down­town ex­pected to see more res­i­dences, busi­nesses.

Dayton Daily News - - FRONT PAGE - By Cor­nelius Fro­lik Staff Writer

New hous­ing, ameni­ties and mixed-use de­vel­op­ments have com­pletely trans­formed for­merly strug­gling and ho-hum sec­tions of down­town Day­ton, and the pace of re­vi­tal­iza­tion is ac­cel­er­at­ing, with some ma­jor and po­ten­tially cat­alytic projects near­ing lift off.

The thriv­ing Wa­ter Street Dis­trict, which has helped fuel down­town’s growth with nearly 350 hous­ing units and new of­fice and com­mer­cial spa­ces, is look­ing at adding new con­dos, apart­ments and other new work­ing spa­ces and des­ti­na­tions, ac­cord­ing to in­for­ma­tion shared Tues­day as part of the Down­town Day­ton Part­ner­ship’s an­nual spe­cial im­prove­ment dis­trict meet­ing.

Since 2010, the amount of pri­vate and pub­lic in­vest­ment in down­town has topped $932 mil­lion, the part­ner­ship said.

The resur­gence shows no signs of slow­ing, ac­cord­ing to the part­ner­ship, since there are about $428 mil­lion worth of projects un­der de­vel­op­ment, in­clud­ing the Le­vitt Pav­il­ion Day­ton, the Day­ton Ar­cade and down­town’s first new of­fice tower in years and its first new ho­tel in decades.

“We have seen over $1.3 bil­lion in in­vest­ment in our down­town,” said Sandy Gu­dorf, pres­i­dent of the Down­town Day­ton Part­ner­ship. “Some projects are com­pleted, oth­ers are in the pipe­line.”

Down­town has been on a roll, and its hous­ing mar­ket got the

ball rolling.

Since the launch of the Greater Down­town Plan seven years ago, down­town has added 759 new hous­ing units, help­ing in­crease the to­tal num­ber of mar­ket-rate hous­ing in the core to about 1,517 units, the part­ner­ship said.

Ad­di­tion­ally, there are nearly 450 new hous­ing units in the pipe­line, and more def­i­nitely could be in store. Down­town’s apart­ment mar­ket leads the re­gion with a 97.5 per­cent oc­cu­pancy rate, the part­ner­ship said.

The Delco Loft apart­ments, next to Fifth Third Field in the dis­trict, opened sev­eral months ago and 110 of the 133 units are leased, said de­vel­oper Ja­son Woodard, prin­ci­pal of Woodard De­vel­op­ment.

The 215 Wa­ter Street apart­ments along the Mad River are 100 per­cent oc­cu­pied, and 54 new apart­ments are un­der con­struc­tion.

Woodard on Tues­day shared a map of the Wa­ter Street Dis­trict that noted some po­ten­tial fu­ture re­de­vel­op­ment projects.

“We have a lot of op­por­tu­nity to grow the dis­trict,” Woodard said during Tues­day’s meet­ing.

This in­cluded a new fourstory build­ing, with 110 apart­ments and 10,000 square feet of re­tail space, just west of the ball­park at a prop­erty the de­vel­op­ers pur­chased ear­lier this year.

New hous­ing also could be tar­geted for a grass lot just west of the Delco Lofts, next to the Lincoln Stor­age build­ing. De­vel­op­ers are po­ten­tially look­ing a 60 new apart­ments over street-level re­tail and a park­ing garage, the map states.

A new, four-story of­fice build­ing could be built just south of the Wa­ter Street apart­ments.

The de­vel­op­ers also are in­ter­ested in con­struct­ing 48 new con­dos across the river at Deeds Point. The project could fea­ture town­homes and flats.

A study by the part­ner­ship ear­lier this year found that down­town is un­der­built by more than 1,350 apart­ments and 950 con­dos.

Aside from hous­ing, down­town is on track to wel­come its first new ho­tel in decades in the Wa­ter Street Dis­trict, and not far from there, it will get a new of­fice tower, which is be­ing built by CareSource.

A mas­sive re­hab of the Day­ton Ar­cade could get started early next year, and con­struc­tion could get un­der­way this year on the Le­vitt Pav­il­ion Day­ton, a new out­door mu­sic am­phithe­ater planned for South Main Street.

COR­NELIUS FRO­LIK / STAFF

This view shows the Wa­ter Street apart­ments along the Mad River from the north side of pedes­trian bridge that leads to Deeds Point. Wa­ter Street de­vel­op­ers are look­ing at pos­si­bly build­ing hous­ing in the Deeds Park area.

COR­NELIUS FRO­LIK / STAFF

Peo­ple walk by the Wa­ter Street apart­ment de­vel­op­ment along the Mad River in down­town Day­ton. Fifty-four new apart­ments are un­der con­struc­tion.

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