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Downtown housing potential set to be studied
Project to determine the support for rental and for-sale condominium spaces in area.
Sunday, May 11, 2008
DAYTON — While city of Dayton officials and Ballpark Consultants search for a new developer to partner with them on the proposed Ballpark Village project, groundwork for the $230 million development continues.
The Dayton City Commission on Wednesday, May 7, contracted with Columbus-based Vogt Williams & Bowen, LLC to conduct a downtown housing market study for use in potential projects, including Ballpark Village.
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The purpose of the study is to determine support for rental and for-sale condominium housing downtown.
"We know that housing is very important to the growth of downtown," said Sandy Gudorf, president of the Downtown Dayton Partnership. She added the partnership is interested in looking at housing through downtown, not just the Ballpark District.
"We are looking at the whole downtown market, specifically for mixed reuse of downtown buildings prime for office and housing," Gudorf said.
The study will provide recommendations for optimum unit mix, number and size, floor-plan analysis, a detailed summary of competitive unit and project amenities along with rent levels or sales prices by development scenarios.
The study will cost about $16,000, with the Downtown Dayton Partnership providing $8,000.
This study marks the second in as many months the city has engaged exploring sustainable development downtown.
The City Commission, on March 5, agreed to pay Montgomery County $20,000 to be part of a retail analysis for two locations — the proposed Ballpark Village site across from Fifth Third Field and the Parkside Homes site off Keowee Street.
The city is working out details for Ballpark Village, a mixed-use development with retail, housing and offices that the City Commission has not yet committed to. The project was proposed in November 2006 by Bear Creek Capital of Cincinnati and Ballpark Consultants Inc., a subsidiary of Mandalay Baseball Properties of Los Angeles, which owns the Dayton Dragons.
On May 2, Bear Creek agreed to step away from the downtown waterfront development and the city began looking for a new development partner.
