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The four-story building also has about 10,500 square feet of first-floor retail space that so far does not have commercial tenants.
The apartments are a mix of studios and one-bedroom and two-bedroom units.
Apartments will have a contemporary style featuring quartz countertops, wood-look vinyl flooring in the kitchens and living areas and juliet balconies in most apartmens.
The building will have a roof top lounge and a community area with games and other amenities.
The Flats propperty is located just north of the Brown Street business corridor, Miami Valley Hospital and the University of Dayton.
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Oberer has asked the city to approve its plans for the next stages of development in that area.
The company plans to build a three-story structure just south of the Flats on about 1.2 acres of land.
The building is expected to house between 27 to 30 new condos for purchase, which would start at about $200,000, Hibner said. Oberer is moving forward with the marketing and design of the condos, which hopefully would break ground before the end of the year, he said.
All three floors would contain condos. Sizes are expected to be around 1,200 to 1,500 square feet. Parking would be underground.
A future phase of development calls for building new housing on 4.7 acres of land that previously was home to the Cliburn Manor public housing projects, which were demolished nearly a decade ago. The concept plan likely would include a mix of single-family housing, townhomes and flats.
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