Washington Prime, which also owns The Mall at Fairfield Commons in Beavercreek, has agreed to share in some of the costs of a study involving the mall in Miami Twp., Morris said.
Washington Prime is “looking at investigating some things,” Morris said. “And the trustees basically said we should probably look to engage a study so we’re more educated on is this a good use of that space?”
A message left with Washington Prime on Tuesday was not returned.
A feasibility study would examine a variety of uses for the Dayton Mall area and the township’s land near the Austin Boulevard interchange, ranging from an entertainment complex to a convention center, hotels or offices, according to Morris.
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The Dayton Mall area was the focus of a 145-page master plan adopted more than four years ago by what is now the Miami Crossing Joint Economic Development District Board of Directors. The JEDD board oversees a tax-sharing district created by the township and the city of Miamisburg.
That study was part of a long-range plan to redevelop the area around the Dayton Mall. It outlined more than $200 million in proposed investment with a market assessment that included creating 1,200 multifamily residential units, and more than 350 new jobs from thousands of square feet of new retail and office space within 12 years.
Since the study was completed, Elder-Beerman and Sears — two anchor tenants at the mall — have closed stores there.
Morris said township and Washington Prime officials want to see if that master plan is still viable.
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“This is just them to us and us coming to them and saying, ‘Is this master plan we put together (in 2015) still good or should we look at something else?” he said.
“And we decided it’s time to revisit and engage a study to see,” Morris added. “Because there’s been a lot of changes in the communities in and around us. And so we want to make sure that we’re adapting and looking at things that fit.”
The township’s land near the Austin interchange was the subject last year of an exclusive marketing agreement with former Austin Landing developer Larry Dillin. It involved about 40 acres valued at about $4.6 million on Wood Road.
Dillin last year outlined a $120 million proposal that called for a mixed use development more dense than Austin Landing.
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It included restaurants, office space, residential units, a hotel, a park, a meeting/events center with buildings as high as eight stories or more.
Dillin was given an extension on the time frame for the agreement, but it has expired, Morris said.