TODAY: Developer, buyer to close on $625K townhouse downtown

Simms Development was readying Friday to close on the sale of a Monument Walk condominium for $625,000, a higher price for a downtown Dayton residence.

That kind of price is comparable to some of Performance Place’s pricier residential condos, said Robi Simms, of Simms Development, Monument Walk’s developer and longtime builder of downtown homes.

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“We’re really excited about bringing this type of home to downtown Dayton,” said Simms, son of company founder Charlie Simms.

It will mark the sale of the second Monument Walk home.

The buyer, Premier Health physician Todd Kepler, said he’s happy to be among the first to buy a Monument Walk townhouse.

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“If it’s something that helps set a new bar in Dayton, then I’m all for that,” Kepler said Friday.

The first sale at the development at West Monument and Ludlow Street across from the downtown YMCA happened in December, with the purchase of 102 W. Monument closing in the mid-$500,000 range. (An employee at the Montgomery County auditor’s office said that address and accompanying Monument Walk addresses had not been recorded yet.)

Not long after Monument Walk was first announced in 2015, the site quickly drew six reservations, seen as a promising sign.

Three units were on their way to being sold before the development was officially opened, Simms said.

The project was seen early on as a measure of whether downtown could support large, relatively expensive upscale homes.

Prices start from $489,900, according to Simms’ web site, with square footage ranging from 3,227 to 3,470.

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Still under construction across from the Great Miami River, Monument Walk will feature 16 large three-bedroom, two-car heated garage, four-story, elevator-ready luxury townhomes.

Simms has built five communities in Dayton and others in Springboro and Beavercreek.

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