The new “Lowe” townhomes blend together the floor plans of the Monument Walk and City View townhouses, offering three stories of living space with a rooftop that’s set up to handle gas grills and other amenities.
Simms Development also will create outdoor green space and a three-tiered fountain in front of the final Monument Walk townhome building.
"It's a great product — it's a great home," said Robi Simms, vice president of sales and marketing with Charles Simms Development.
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Charles Simms Development’s Monument Walk project was a bet that downtown Dayton’s housing market could support large, luxury product.
The gamble paid off: The 12 existing Monument Walk homes are sold out. They are four-story homes, ranging in size from about 3,225 square feet to 3,470 square feet. The fourth floor is a covered sitting room.
Back in 2015 when the Monument Walk project was announced, Simms Development estimated that the upscale townhomes would cost between $400,000 and $500,000.
The homes ended up with prices in the upper-$500,000s to mid-$600,000s range.
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The new Lowe homes, like Monument Walk, will have balconies, stone exterior on the lower level and brick on the upper levels.
The homes will have 10-foot ceilings on the second floor, with custom beams. The other levels will have 9-foot ceilings.
The Lowe homes will have 2,442 square feet of space, not including the 585-square-foot rooftops.
The rooftops have incredible 360-degree views of the city, Robi Simms said.
“You really have to see it to believe it,” he said.
The final building has been framed and installation of the stone and brick will start within the next couple of weeks, Simms said.
The Lowe homes are expected to have prices that range from the upper-$400,000s to the lower-$500,000s levels. The homes will have a 15-year tax abatement.
Simms Development may build more luxury homes in downtown in the future, because so far the market has responded well to the product, Simms said.
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