$100M Water Street: New apartments, condos, offices may be on the way

New condos, apartments, offices may be headed to Dayton’s Water Street area.

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New condos, apartments, offices may be headed to Dayton’s Water Street area.

The Water Street District, which has already dramatically transformed the northeastern section of downtown Dayton, could add even more housing and offices to the rapidly growing mixed-use development.

RELATED: Numbers don’t lie: Downtown Dayton’s 2017 was HUGE

The Water Street developers are looking at building a four-story apartment building just east of Fifth Third Field, which could contain 110 new apartments and 10,000 square feet of restaurant space, according to information shared today at the Downtown Dayton Partnership’s annual special improvement district meeting.

The district’s investments already have topped $100 million.

The developers also are looking at potentially developing a six-story apartment building that sits west of the Delco Lofts apartments building, which opened 133 apartments earlier this year.

“We have a lot of opportunity to grow the district,” said Jason Woodard, principal of Woodard Development, during Tuesday’s meeting.

The Delco building sits next to the ballpark, on the west end of the field. Directly adjacent to it is the Lincoln Storage building. There’s a grassy lot just west of the storage building that could be redeveloped.

Potential plans for the “Lincoln Liner” building could include 60 apartments and street level retail and parking, according to a map of the water street shared by developers Woodard Development and Crawford Hoying. The map identifies current and potential projects in the district.

RELATED: Water Street developer plans new downtown residences next to Fifth Third Field

Other potential projects could include a four-story, 60,000-square-foot office building, south of the bridge and the Water Street apartments along the river.

And the developers are exploring redeveloping vacant land at Deeds Point to belongs to the city of Dayton, which they have an option to purchase. Deeds Point sits at the intersection of the Miami and Mad rivers, across from the Water Street District’s apartments along the waterway.

The land could be turned into 48 condominiums for sale, featuring townhomes and flats, according to the developers’ map.

Water Street has seen explosive growth. The district’s 215 apartments along the river are fully occupied, and so is its four-story office building at Monument and Patterson Boulevard.

The Delco Lofts, which opened a few of months ago, has 133 apartments, 110 of which are leased. A new Fairfield Inn and Suites is under construction, which should open in the fall of 2018.

The developers are building 54 new apartments by the Mad River, which should open in the spring.

RELATED: Numbers don’t lie: Downtown Dayton’s 2017 was huge

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