Dayton Arcade’s offices, apartments fill up ahead of schedule

Luis Estevez, left and Yuxing Wang, inside The Hub powered by PNC in the Arcade. MARSHALL GORBY\STAFF

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Luis Estevez, left and Yuxing Wang, inside The Hub powered by PNC in the Arcade. MARSHALL GORBY\STAFF

All 72 offices are occupied and all 110 apartments are leased

All of the private offices and apartments in the Dayton Arcade are full and have a waiting list, and project partners say they are looking at ways to expand the office space to meet the robust demand.

“We were bullish on the opportunity, but we never expected that we would have that kind of uptake that quickly,” said Scott Koorndyk, president of the Entrepreneurs’ Center, which is one of the arcade’s anchor tenants.

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The Dayton Arcade’s stunning recently completed Hub and Rotunda in downtown Dayton. The Hub Powered by PNC, a joint venture of the University of Dayton and The Entrepreneurs Center, houses the UD Crotty Center for Entrepreneurial Leadership, The Small Business Development Center from the Entrepreneurs’ Center, co-working and private office spaces, meeting rooms, conference areas, pop-up retail opportunities, learning labs and classrooms including UD studios for creatives. TOM GILLIAM / CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

The Dayton Arcade’s stunning recently completed Hub and Rotunda in downtown Dayton. The Hub Powered by PNC, a joint venture of the University of Dayton and The Entrepreneurs Center, houses the UD Crotty Center for Entrepreneurial Leadership, The Small Business Development Center from the Entrepreneurs’ Center, co-working and private office spaces, meeting rooms, conference areas, pop-up retail opportunities, learning labs and classrooms including UD studios for creatives. TOM GILLIAM / CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

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The Dayton Arcade’s stunning recently completed Hub and Rotunda in downtown Dayton. The Hub Powered by PNC, a joint venture of the University of Dayton and The Entrepreneurs Center, houses the UD Crotty Center for Entrepreneurial Leadership, The Small Business Development Center from the Entrepreneurs’ Center, co-working and private office spaces, meeting rooms, conference areas, pop-up retail opportunities, learning labs and classrooms including UD studios for creatives. TOM GILLIAM / CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

Credit: Tom Gilliam

The Hub Powered by PNC Bank at the Dayton Arcade officially opened in March of this year.

The innovation hub has about 95,000 square feet of space in multiple buildings in the arcade complex, and its anchor tenants are the Entrepreneurs’ Center and the University of Dayton. The arcade consists of nine interconnected buildings.

The innovation hub’s 72 offices have been occupied since June, which was way ahead of schedule, Koorndyk said.

There’s about 20,000-square feet of private office spaces, which does not include a shared kitchen and conference and common areas.

Koorndyk said the partners are taking a close look at their current floor plan and available space on the third floor of the rotunda building for a potential expansion.

The third floor potentially could house roughly another 30 offices.

“We are examining a variety of pathways to grow our space, but we have not made any decisions yet,” he said.

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The University of Dayton held classes for the first time Tuesday August 24, 2021. The Hub, a partnership of the University and the entrepreneurs' center is the anchor tenant of the arcade redevelopment. JIM NOELKER/STAFF

Credit: Jim Noelker

The University of Dayton held classes for the first time Tuesday August 24, 2021. The Hub, a partnership of the University and the entrepreneurs' center is the anchor tenant of the arcade redevelopment.  JIM NOELKER/STAFF

Credit: Jim Noelker

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The University of Dayton held classes for the first time Tuesday August 24, 2021. The Hub, a partnership of the University and the entrepreneurs' center is the anchor tenant of the arcade redevelopment. JIM NOELKER/STAFF

Credit: Jim Noelker

Credit: Jim Noelker

Koorndyk said there’s a short waiting list, but encourages interested businesses and entrepreneurs to come tour the spaces.

There’s still co-working space available in the hub, but those memberships are becoming more and more popular, Koorndyk said.

Koorndyk said the Entrepreneurs Center now has 570 business members, which are evenly split between tech and more traditional types of businesses.

About one-third of business members are minorities, he said, and about a quarter are women.

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The University of Dayton held classes for the first time Tuesday August 24, 2021. The Hub, a partnership of the University and the entrepreneurs' center is the anchor tenant of the arcade redevelopment. The Hub was cited as a regional success story in a newly released report on talent attraction and retention. JIM NOELKER/STAFF

Credit: Jim Noelker

The University of Dayton held classes for the first time Tuesday August 24, 2021. The Hub, a partnership of the University and the entrepreneurs' center is the anchor tenant of the arcade redevelopment. The Hub was cited as a regional success story in a newly released report on talent attraction and retention.  JIM NOELKER/STAFF

Credit: Jim Noelker

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The University of Dayton held classes for the first time Tuesday August 24, 2021. The Hub, a partnership of the University and the entrepreneurs' center is the anchor tenant of the arcade redevelopment. The Hub was cited as a regional success story in a newly released report on talent attraction and retention. JIM NOELKER/STAFF

Credit: Jim Noelker

Credit: Jim Noelker

Scott Murphy, vice president of economic development with the Downtown Dayton Partnership, said it’s incredible that the hub’s private office space is fully leased, considering the challenges businesses have faced during the pandemic.

“It’s an extraordinary achievement,” he said. “We thought it would be popular — it far exceeded expectations in terms of interest.”

The 110 apartments inside the arcade have been fully leased since earlier this month, said Trace Shaughnessy, vice president of McCormack Baron Salazar Inc., which is developing the housing components of the arcade.

Residents started moving into the arcade residential units in the spring, and Shaughnessy said units came online during a four-month period, and construction fully wrapped up late last month.

People once again are living in the complex for the first time in more than four decades.

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Jillena McConnell and her children will live in an apartment in the Dayton Arcade. She said she really looks forward to living there and thanked the property managers for all their assistance. She met the income restrictions to live in the Art Lofts. CORNELIUS FROLIK / STAFF

Jillena McConnell and her children will live in an apartment in the Dayton Arcade. She said she really looks forward to living there and thanked the property managers for all their assistance. She met the income restrictions to live in the Art Lofts. CORNELIUS FROLIK / STAFF

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Jillena McConnell and her children will live in an apartment in the Dayton Arcade. She said she really looks forward to living there and thanked the property managers for all their assistance. She met the income restrictions to live in the Art Lofts. CORNELIUS FROLIK / STAFF

The arcade’s famous rotunda and theater-in-the-round tank space started hosting events in late spring and early summer.

The arcade’s public spaces have been rented out for weddings and special occasions, such as the Pet Afflaire Gala and a Rubi Girls fundraising event.

Next month, the arcade rotunda will welcome Holly Days, which was a popular holiday festival more than 30 years ago.

The event, which is free and open to the public, will have an artisan gift market, live holiday entertainment and food and drink options.

It will run from 3 to 8 p.m. on Dec. 7, 8 and 9.

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Holly Days at the Arcade during a Dayton Holiday Festival in the 1990s Photo credit: Downtown Dayton Partnership

Holly Days at the Arcade during a Dayton Holiday Festival in the 1990s Photo credit: Downtown Dayton Partnership

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Holly Days at the Arcade during a Dayton Holiday Festival in the 1990s Photo credit: Downtown Dayton Partnership

Additionally, about 250 students take classes at the hub each day, but that could increase to more than 400 early next year.

UD and Sinclair Community College currently have about 26 classes at the arcade, but that should grow to 33 in the spring.

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