The Longaberger home office building, located in Newark, is seven stories high and looks like one of the baskets they produce.

Firm leading downtown Dayton project to redevelop Longaberger basket building

A development firm that has done work throughout the Dayton area will be re-purposing the iconic basket-shaped Longaberger Co. building.

Coon Restoration and Sealant Inc., based in Louisville near Canton, purchased the basket building located in Newark late last year. Longaberger Co. moved out of its famed building two years ago and just this week it was revealed that the company was ceasing operations.

PHOTOS: Check out the Longaberger basket company through the years

RELATED: Iconic basket maker Longaberger Co. goes out of business

The firm acquired the Longaberger building for $1.2 million though its market value at the time was closer to $8 million, according to property records from the Licking County Auditor’s Office.

Coon Restoration announced plans to make its mark in Dayton last June by transforming a vacant downtown office tower into a facility for housing and other uses, this news organization reported. The 14-story Third National Bank Building could include market-rate housing, a mix of commercial spaces and a boutique hotel once it is redeveloped.

In its proposal to the city, Coon Restoration said it could build two-story residential units as well as “micro-units” in the tower to accommodate its unusual floor configurations.

RELATED: Basket maker Longaberger Co. is closing: 5 things we learned today

Coon Restoration has made a name for itself by successfully restoring some majestic but abandoned or underused historic buildings across the state, including the Onesto Hotel in Canton and the former JournalNews building in Hamilton.

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