Luna Blues, a children’s clothing store at 8 E. Central Ave., is looking for a larger site while OinkADoodleMoo, a restaurant with several Dayton-area locations, wants a spot in downtown Miamisburg, said Jim Dunn, one of five owners of the North Main Renaissance group.
The two businesses will occupy nearly half of the leasable space on the property, he said.
“It’s another step for Miamisburg because we’re really trying to get more retail spaces down there — little shops,” he said.
Another three storefronts remain, Dunn said, noting “we’ve been getting a lot of activity” with other potential tenants for the remaining space.
The site has been vacant for more than a decade and “the city’s kind of excited to see that project come to fruition,” said Miamisburg Development Director Chris Fine.
“We’ve talked to the North Main Renaissance folks for several years and now that the economy has started to pick back up, they decided to kind of move forward with the project,” he said.
An agreement going before Miamisburg City Council tonight calls for the city to provide a $55,000 grant to the North Main Renaissance Project. The request for the grant should be accompanied by the project’s investment amount, which is defined as at least $580,000, according to the agreement.
The project would not have be possible without the city’s backing, Dunn said.
“We wouldn’t have done it had this agreement not been on the horizon,” he said. “Because rental rates down in Miamisburg right now are just starting to go up to where it would make good financial sense to do it. But because the city is helping us with some money, that’s the difference between go and no go.”
Aside from making use of a long-dormant site, Fine said, it will provide some balance to Miamisburg’s downtown redevelopment, which in recent times has been occurring mostly on the southern portion.
“So we’re hoping that that will generate some more activity on the north end of downtown,” he said.
Once all tenant spaces are filled, the North Main Renaissance group will consider constructing a second “slightly smaller” building to the north for similar retail tenants, Dunn said.
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