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.
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:
| Significant downtown Dayton investments since 2015 | |
|---|---|
| These are projects that have been completed, are under construction or are in the pipeline with some funding secured. | |
| Project | Estimated investment |
| The Landing renovation | not available |
| Grant-Deneau Tower (40 W. Fourth) | not available |
| Water Street (commercial, residential and hotel) | $100 million |
| Dayton Arcade | $96 million |
| Dayton Metro Library | $64 million |
| CareSource | $44 million |
| Sinclair College | $36.5 million |
| Fire Blocks | $35 million |
| Fidelity Medical Building | $22 million |
| Chaminade Julienne Catholic High School | $20 million |
| Barclay Building | $20 million |
| 15 McDonough | $18.2 million |
| YWCA | $17 million |
| Dayton Towers | $13.5 million |
| Webster Street Bridge | $11 million |
| Wheelhouse | $8 million |
| Monument Walk | $7 million |
| 601 E. Third St. | $5 million |
| Levitt Pavilion | $5 million |
| Brownstones on Second | $4.5 million |
| City View townhomes | $4.2 million |
| RiverScape River Run | $4 million |
| 18 W. Fifth St. (Triad) | $4 million |
| Steam Plant | $3.7 million |
| 111 W. First St. | $3 million |
| 2-10 S. Patterson Blvd. | $3 million |
| Avant-Garde | $3 million |
| 130 W. Second St. | $2.8 million |
| Talbott Tower | $1.8 million |
| Courthouse Plaza SW | $1.7 million |
| Greater Dayton RTA renovation | $1.5 million |
| PNC Arts Annex | $1.5 million |
| 444 E. Second St. | $1.15 million |
| 6 N. Main St. | $1.1 million |
| Riverfront Grande | $1.1 million |
| TOTAL* | $564.25 million |
| *Not including the two new projects that do not yet have estimated investment costs. | |
| Source: Downtown Dayton Partnership, January 2019 |
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