The Fire Blocks developers have acquired the Grant Deneau tower, with plans to create new offices, residential, retail and possibly hotel uses.
The 22-story tower, which was Dayton’s first modern skyscraper, is vacant and emptied out as the last owner’s redevelopment plans fell flat.
But the Windsor Companies has acquired the 200,000-square-foot office tower, located at 40 W. Fourth St., across from the Dayton Arcade, said Eric VanZwieten, head of marketing with Columbus-based Windsor Companies.
The building has wide-open floor layouts that provide opportunities to turn the spaces into a variety of creative uses, VanZwieten said.
Cubicle-type spaces in a lot of aging office buildings feel claustrophobic and can only be used for office functions, he said.
Windsor Companies has been on a shopping spree for downtown buildings. The company this year has purchased a variety of buildings in the Fire Blocks District, which is centered around the 100 block of East Third Street.
Currently, the company is working to transform the Elks and Huffman Block buildings in the Fire Blocks into housing and first-floor amenities.
Windsor also has acquired the fully-occupied Firefly building at 123 Webster street and the vacant Graphic Arts building at 221 S. Ludlow St.
The Firefly has condos and offices. The Graphic Arts building, once known as Drury Press, was completed in 1925.