The Adobe Flash Player is required to view this multimedia interactive. Get it here.

Retail development on tap for Xenia

Asphalt can only be sealed; only concrete is resurfaced
10:43 a.m.
Dollar stores get wider range of customers
10:32 a.m.
Honda gets a double-shot of good consumer news
10:30 a.m.
Anthem puts emphasis on quality
10:29 a.m.
UD researcher uses know-how to photograph local eagles
5/25/12
> More headlines

By Tim Tresslar, Staff Writer 10:57 AM Monday, August 16, 2010

XENIA – Developers want to build a $5 million retail center here.

Plans call for the initial phase of Xenia CenterPlace will include two buildings, each measuring about 8,000 square feet.

The proposed project is a collaboration between Equity Inc. and the Leslie Group Inc., said Kelly Gray, a vice president with Equity’s office in Dayton.

Though phase one will cover five acres at Harner and South Progress drives, executives anticipate the project will encompass 21 acres when it’s fully developed, Gray said.

Developers hope to break ground by the end of September, if they can sign enough tenants by then, Gray said. No tenants have been signed yet, she said.

“We do have a decent bit of interest,” she said. “There are some tenants who are starting to get active and they are looking for opportunities.”

Retail vacancies in the Dayton region have declined over the last four quarters and in the second quarter stood at 9.1 percent, according to CoStar Group, a commercial real estate data company.

In general, Gray said national retailers have become more active in making offers on store space.

Contact this reporter at (937) 225-7317 or ttresslar@DaytonDailyNews.com.

Share this article