Nearly a decade ago, the owner of the building at Main and Fourth streets faced foreclosure by PNC Bank.
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In May 2010, the Kuhns Building 1883 Inc. owed nearly $1.08 million in principal and interest on a $1.2 million promissory note.
What is believed to be one of the first commercial mail chutes in the United States is found in the building, which was placed on the National Register of Historic Places in the late 1970s.
Built in 1882 in the Romanesque style, the Kuhns building is made from brick, stone and terra cotta and has a slate roof.
The developer in the ongoing Arcade development project, Baltimore-based Cross Street Partners, is scheduled to have principals address Dayton Area Chamber of Commerce members in a breakfast meeting at the Dayton Club Friday morning.