Williams said last week the eight-building property will likely be split between 73,000 square feet for retail occupants; 66,000 square feet for office space; 165 residential units; and 50 hospitality rooms, a hotel component.
“Housing is now an anchor tenant component,” Williams said. “We know housing is there, but the question is, how deep? We think we’ve got plenty of room to go.”
Williams said the developer has not yet applied for historic tax credits from the state.
Priscilla Kreutzer, of Dayton, said she would love to see the Arcade redeveloped. She used to work at McCrory’s department store.
“It’s pretty, very pretty,” Kreutzer said of the building.