Downtown Dayton sees $140M in new investment

Credit: CORNELIUS FROLIK

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Greater downtown Dayton has seen $1.65B in investment since 2010

Credit: CORNELIUS FROLIK

The second year of the global pandemic was an eventful time for greater downtown Dayton, which saw more than $140 million in new investment despite an uncertain and sometimes challenging economic climate, according to data provided by the Downtown Dayton Partnership.

This year, the Dayton Arcade — downtown’s “sleeping giant” — reawakened, and about 29 new first-floor businesses opened their doors or committed to leasing downtown space.

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Vinyl posters depicting a sleeping giant are covering the north entrance of the Dayton Arcade. The coverings feature a 40-foot-long giant, who is a metaphor for the Arcades long sleep and eventual awakening, according to Cross Street Partners, the firm that is working to redevelop the arcade. CORNELIUS FROLIK/STAFF

Vinyl posters depicting a sleeping giant are covering the north entrance of the Dayton Arcade. The coverings feature a 40-foot-long giant, who is a metaphor for the Arcades long sleep and eventual awakening, according to Cross Street Partners, the firm that is working to redevelop the arcade. CORNELIUS FROLIK/STAFF

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Vinyl posters depicting a sleeping giant are covering the north entrance of the Dayton Arcade. The coverings feature a 40-foot-long giant, who is a metaphor for the Arcades long sleep and eventual awakening, according to Cross Street Partners, the firm that is working to redevelop the arcade. CORNELIUS FROLIK/STAFF

Urban living and amenities remained in strong demand, and the revitalization of the urban core continues to chug along, with hundreds of millions of dollars worth of new projects in the pipeline, including new hotel, office and housing projects.

“Downtown progress was strong in 2021,” said Sandy Gudorf, president of the Downtown Dayton Partnership. “There are $600 million in projects in the works — things are definitely not slowing down, and the progress we have seen this year, despite the pandemic, is remarkable.”

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Construction crews work on the Monument apartments, across from RiverScape MetroPark, over the summer. CORNELIUS FROLIK / STAFF

Construction crews work on the Monument apartments, across from RiverScape MetroPark, over the summer. CORNELIUS FROLIK / STAFF

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Construction crews work on the Monument apartments, across from RiverScape MetroPark, over the summer. CORNELIUS FROLIK / STAFF

Since the launch of the Greater Downtown Dayton Plan in 2010, about $1.65 billion has been invested in the greater downtown area, according to the Downtown Dayton Partnership.

This year, there has been about $140 million in new investment in greater downtown — up from $94 million last year, according to data from Amy Walbridge, Dayton’s downtown development coordinator.

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Investment in downtown Dayton core and entire greater downtown. CONTRIBUTED

Investment in downtown Dayton core and entire greater downtown. CONTRIBUTED

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Investment in downtown Dayton core and entire greater downtown. CONTRIBUTED

The pandemic impacted some projects, causing delays, supply chain issues and other setbacks. But many projects barreled ahead.

Greater downtown saw $233 million in new investment in 2019 and $100 million in 2018, according to Walbridge’s estimates.

The first phase of the Dayton Arcade historic rehab project is mostly complete. It cost about $90 million.

Earlier this year, residents started moving into 110 newly constructed apartments in the complex, and people are living in the arcade for the first time in more than 40 years.

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AfterpARTy – A Night in The Arcade was a ticketed soirée held in the Dayton Arcade’s newly restored Rotunda and The Tank – Inspired by CenterPoint Energy, a new in the round basement level event and performance space on Friday, August 6, 2021. Hosted by Dayton Arcade Events, Culture Works and Cross Street Partners, the evening was a celebration of the public grand opening of The Arcade and Art in the City. The night’s featured performance was a new orchestral, dance and multimedia piece by conductor, composer and arranger Mark Hanson titled “The Giant Awakens” which was accompanied by a laser show and slides showing historic photos of The Arcade. Did we spot you there? TOM GILLIAM / CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

AfterpARTy – A Night in The Arcade was a ticketed soirée held in the Dayton Arcade’s newly restored Rotunda and The Tank – Inspired by CenterPoint Energy, a new in the round basement level event and performance space on Friday, August 6, 2021. Hosted by Dayton Arcade Events, Culture Works and Cross Street Partners, the evening was a celebration of the public grand opening of The Arcade and Art in the City. The night’s featured performance was a new orchestral, dance and multimedia piece by conductor, composer and arranger Mark Hanson titled “The Giant Awakens” which was accompanied by a laser show and slides showing historic photos of The Arcade. Did we spot you there? TOM GILLIAM / CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

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AfterpARTy – A Night in The Arcade was a ticketed soirée held in the Dayton Arcade’s newly restored Rotunda and The Tank – Inspired by CenterPoint Energy, a new in the round basement level event and performance space on Friday, August 6, 2021. Hosted by Dayton Arcade Events, Culture Works and Cross Street Partners, the evening was a celebration of the public grand opening of The Arcade and Art in the City. The night’s featured performance was a new orchestral, dance and multimedia piece by conductor, composer and arranger Mark Hanson titled “The Giant Awakens” which was accompanied by a laser show and slides showing historic photos of The Arcade. Did we spot you there? TOM GILLIAM / CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

Credit: Tom Gilliam

The nine-building complex, which shut its doors in the early 1990s, also welcomed its anchor tenants this year: the University of Dayton and the Entrepreneurs Center, which occupy about 95,000 square feet of space in multiple buildings, including the famed rotunda.

The developers are planning a second phase of the project, focused on buildings north of an alley that cuts through the property.

According to Walbridge, other projects completed in 2021 include:

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Here’s a sneak peek of the new Graphic Arts Lofts, located inside the historic Graphic Arts Building in downtown Dayton. Constructed in 1924 for the Christian Publishing Association, the building was added to the National Register of Historic Places in 2009. Columbus based The Windsor Companies, owner-developer of the Fire Blocks District, started redeveloping the long vacant property in early 2020. TOM GILLIAM/CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

Here’s a sneak peek of the new Graphic Arts Lofts, located inside the historic Graphic Arts Building in downtown Dayton. Constructed in 1924 for the Christian Publishing Association, the building was added to the National Register of Historic Places in 2009. Columbus based The Windsor Companies, owner-developer of the Fire Blocks District, started redeveloping the long vacant property in early 2020. TOM GILLIAM/CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

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Here’s a sneak peek of the new Graphic Arts Lofts, located inside the historic Graphic Arts Building in downtown Dayton. Constructed in 1924 for the Christian Publishing Association, the building was added to the National Register of Historic Places in 2009. Columbus based The Windsor Companies, owner-developer of the Fire Blocks District, started redeveloping the long vacant property in early 2020. TOM GILLIAM/CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

Credit: Tom Gilliam

Twenty-nine new businesses opened in first-floor spaces this year, and 20 Black-owned businesses have opened downtown in the last 18 months, according to the partnership.

The Fire Blocks District, centered around the 100 block of East Third Street, welcomed a variety of businesses into its storefronts, including Two Social, a bar with axe-throwing and other adult games; Jollity, a new restaurant with “elevated midwestern fare”; Bozacks Cocktail Lounge; and Third Perk Coffeehouse & Wine Bar.

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Two Social, a brand new spot to gather with friends, play retro-style and modern video games, have a drink and even throw a few axes officially opened Sept. 10. Located at 123 E. 3rd St. in downtown Dayton, Two Social will be open every day of the week except for Tuesdays, and will offer axe throwing every day except Wednesdays.

Credit: Staff

Two Social, a brand new spot to gather with friends, play retro-style and modern video games, have a drink and even throw a few axes officially opened Sept. 10. Located at 123 E. 3rd St. in downtown Dayton, Two Social will be open every day of the week except for Tuesdays, and will offer axe throwing every day except Wednesdays.

Credit: Staff

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Two Social, a brand new spot to gather with friends, play retro-style and modern video games, have a drink and even throw a few axes officially opened Sept. 10. Located at 123 E. 3rd St. in downtown Dayton, Two Social will be open every day of the week except for Tuesdays, and will offer axe throwing every day except Wednesdays.

Credit: Staff

Credit: Staff

New businesses opened elsewhere downtown, including 1Eleven Flavor House, a comfort and Caribbean food restaurant; Sueño, an upscale Mexican restaurant; Flyboy’s Deli; Beaunique Boutique; the Entrepreneurs Connection; and BBA Café.

About 30 new market-rate apartments were added this year at the arcade and the Graphics Arts building, the partnership said, and nearly 470 new units are expected to open by the end of 2023.

There are now about 1,837 market-rate units downtown — a 66% increase from 2015. Most of the new apartments in the arcade are affordable units.

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Step inside a model apartment unit at the newly completed Art Lofts at The Arcade. Redeveloped by McCormack Baron Salazar, The Art Lofts are comprised of the Dayton Arcade’s Ludlow, Commercial and Fourth Street buildings. For more information, visit daytonarcadeapts.com. TOM GILLIAM / CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

Step inside a model apartment unit at the newly completed Art Lofts at The Arcade. Redeveloped by McCormack Baron Salazar, The Art Lofts are comprised of the Dayton Arcade’s Ludlow, Commercial and Fourth Street buildings. For more information, visit daytonarcadeapts.com. TOM GILLIAM / CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

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Step inside a model apartment unit at the newly completed Art Lofts at The Arcade. Redeveloped by McCormack Baron Salazar, The Art Lofts are comprised of the Dayton Arcade’s Ludlow, Commercial and Fourth Street buildings. For more information, visit daytonarcadeapts.com. TOM GILLIAM / CONTRIBUTING PHOTOGRAPHER

Credit: Tom Gilliam

Credit: Tom Gilliam

Walbridge says there are about $323 million worth of projects currently under way and about $231 million are in the design phase.

Woodard Development and Crawford Hoying, the Water Street District developers, are constructing a new apartment building called the Sutton near Day Air Ballpark, as well as new hotel product and a brewery and taproom nearby.

The Sutton, a five-story structure, is being built on a vacant lot on the 300 block of East First Street, next to the Lincoln Storage building, west of the baseball stadium.

The project is expected to create about 47 one-bedroom units and two dozen micro units.

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A construction worker stands atop a shaft on the site of the new Sutton apartments, located just east of Day Air Ballpark, where the Dayton Dragons play. CORNELIUS FROLIK / STAFF

A construction worker stands atop a shaft on the site of the new Sutton apartments, located just east of Day Air Ballpark, where the Dayton Dragons play. CORNELIUS FROLIK / STAFF

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A construction worker stands atop a shaft on the site of the new Sutton apartments, located just east of Day Air Ballpark, where the Dayton Dragons play. CORNELIUS FROLIK / STAFF

Just a few blocks east is the site of a new 134-room AC Hotel by Marriott, which is going up next to the massive Mendelson’s liquidation outlet.

AC hotels can be found at about 175 destinations around the world, and Marriott says they provide a modern, stylish, comfortable and elegant stay.

The hotel is expected to have a luxurious rooftop bar, with sweeping views of downtown.

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Construction continues on the Monument apartment building, located across the street from RiverScape MetroPark. CORNELIUS FROLIK / STAFF

Construction continues on the Monument apartment building, located across the street from RiverScape MetroPark. CORNELIUS FROLIK / STAFF

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Construction continues on the Monument apartment building, located across the street from RiverScape MetroPark. CORNELIUS FROLIK / STAFF

The Water Street developers also are constructing a $27 million new apartment building called the Monument across the street from RiverScape MetroPark.

The building is expected to have 124 market-rate units, as well as first-floor retail and restaurant space.

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A rendering of the Monument apartment building, across from RiverScape MetroPark. CONTRIBUTED (courtesy of Woodard Resources and Brackett Builders)

A rendering of the Monument apartment building, across from RiverScape MetroPark. CONTRIBUTED (courtesy of Woodard Resources and Brackett Builders)

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A rendering of the Monument apartment building, across from RiverScape MetroPark. CONTRIBUTED (courtesy of Woodard Resources and Brackett Builders)

Other downtown projects under way include a $26.5 million conversion of the Barclay building on North Main Street into a new boutique hotel called the Hotel Ardent; a $30 million renovation of the Biltmore Tower senior-housing apartments; and a mixed-use renovation of the old Price Stores and Journal Herald buildings into housing and commercial space.

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A construction worker works on the outside of the Price Stores building at South Jefferson and East Fourth streets. CORNELIUS FROLIK / STAFF

A construction worker works on the outside of the Price Stores building at South Jefferson and East Fourth streets. CORNELIUS FROLIK / STAFF

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A construction worker works on the outside of the Price Stores building at South Jefferson and East Fourth streets. CORNELIUS FROLIK / STAFF

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