Development is booming in Dayton downtown as buildings left vacant after the loss of multiple major companies are being bought up by investors and put to new uses.
The Downtown Dayton Partnership lists $564.25 million in estimated investment for 33 significant projects that have been completed, are under construction or have some funding secured since 2015. Two more projects, renovation of The Landing and the Grant-Deneau Tower have recently been announced but developers do not yet have the estimated value of those projects.
RELATED: How the next recession could affect Dayton
The most expensive project of the group is the $100 million Water Street District, which includes commercial, residential and a hotel near Riverscape and the Dayton Dragons’ Fifth Third Field.
Water Street is a joint project of Dayton-based Woodard Development and Crawford Hoying Development of Columbus.
“If you look nationally the urban resurgence has continued,” said Jason Woodard, principal at Woodard Development. “We were behind the trend a little bit but are catching up. I think every segment of the community has to be strong. Downtown, we believe, is sustainable.”
Here’s a look at the 35 downtown projects:
Trucking industry must overcome challenges to continue growth
3 reasons Wright-Patterson is top choice for F-35 program
These jobs are expected to see the highest demand in Ohio through 2024
How do we get the economy to boom for all?
Vacant houses add to blight, slow recovery efforts
5 reasons officials believe the Dayton region could handle another recession