This plan calls for more than four acres of retail fronting Ohio 741 at Miami Village Drive with the apartments being built on more than 10 acres to the east, said Greg McCann, vice president of USC Properties, the lead developer of the project.
The apartments, expected to cost $18 million to $20 million to build, will address the “appetite” for multi-family housing in Dayton’s south suburbs, McCann said.
“We think there’s going to be a real need,” he said. “I think there’s a real niche for this.”
The Ackermann Group of Cincinnati will develop the apartments, McCann said. Attempts on Monday to reach Dobbs Ackermann, the company’s chief executive officer were unsuccessful.
Developers are asking to rezone nearly 15 acres for Austin Ridge, which seeks to be part of “one of the most exciting developments in the area and is planned to continue and tie into the success of the Austin District area,” according to the rezoning application.
The area is now zoned for multiple uses, including planned office and Austin Center Professional Office District. Developers seek to change it to planned mixed use, according to documents. The proposal is expected to be heard next month.
The property is on the east side of Ohio 741 next to Waldruhe Park north of Austin Boulevard, where the 142-acre Austin Landing is being developed by RG Properties, according to township documents.
A 274-unit residential development with an estimated cost of $35 million - The Flats at Austin Landing - was recently proposed at that development.
The 10.4 acres projected for the 210 apartment units covering more than 208,000 square feet would be east of the retail property and include eight residential buildings consisting of two and three stories that surround a clubhouse, documents show. The plan calls for 126 units to consist of two or more bedrooms and 84 one-bedroom apartments.
The complex would provide pedestrian access to the park and to the regional bike path, documents show.
The 4.5 acres of property earmarked for retail would consist of three lots planned for: credit union/bank retail ( .9 acres), neighborhood retail ( 1.7 acres), and restaurant/retail (1.97 acres), documents show. No retail building would be more than two stories or 35 feet in height.
The apartments are projected to begin construction next spring with completion expected 18 months later, documents indicate.
The first lot of the retail portion is projected to be constructed next summer with the opening by the fall of 2015. The other two retail lots are projected for development next year or in 2016, documents show.
About the Author
