The Wayne Avenue project, with a pricetag of $8 million, has $1.9 million in state tax credits to create about 40 apartment units and commercial space on the ground floor. Construction could begin on the Weustoff and Getz Co. property this year.
The next steps are part of a series of moves in the area that gained momentum in March when the city of Dayton authorized transferring a six-story industrial building at 15 McDonough St. to an LLC linked to Gosiger. The Dayton-based manufacturing company has more than $300 million in annual sales. Gosiger uses the building for storage but other potential reuses include housing.
The city also owns 101 Bainbridge after purchasing it for less than $100,000 in November 2013. But the city has prepared legislation authorizing the building’s transfer to Gosiger at some point, said Amy Walbridge of the city’s Office of Economic Development. The transfer would be a similar transaction as 15 McDonough St.
The Bainbridge structure has property behind it owned by Norfolk Southern Railroad. The city has been attempting to come to agreement with the railroad on that property, Walbridge said.
A small park, Garden Station, with environmental exhibits, gardens and art installations has been created by local residents on the lot next door to 101 Bainbridge. They're hopeful the park will be preserved in the redevelopment effort.
Weyland said the goal of the master plan is to expand Gosiger’s footprint in the area and to help build a dynamic entertainment and residential district that connects to the Oregon District.