The roundhouse would host programming and special events.
Miller-Valentine said it had secured a letter of interest from a grocery store and planned to create more than 800 residential units (649 for rent, 154 for sale), 75,000 square feet of retail and restaurants, 250 hotel rooms and 260,000 square feet of offices.
The firm estimated that the development would create 1,600 new jobs when completed, leading to nearly $2 million in new annual income for the city of Dayton.
Thompson Thrift, based in Indiana, planned to construct a hotel (120 rooms), theater (10 screens), housing (600 units) and 273,000 square feet of retail, restaurants and offices, according to their plans.
The center’s 525,000 square feet would include a specialty grocer anchor, boutique shops, a fitness and entertainment center and family-oriented restaurants, the plans state.
“Thompson Thrift Retail Group envisions the center as a “gateway” to a distinctive experience with an exceptional mix of opportunities and choices,” the firm said.
But a committee that reviewed the plans concluded they would have been too burdensome on Dayton taxpayers, because of the level of infrastructure investment being requested, city officials said.