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YOUR DOWNTOWN UPDATE Downtowndayton.Org YEAR END 2018 YOUR DOWNTOWN UPDATE DowntownDayton.org ONE OF THE BEST YEARS YET! 2018 FULL OF ENORMOUS PROGRESS FOR OUR DOWNTOWN 2018 was a great year for our downtown! We’re pleased to share this year-end report, a summary of work completed during the fourth quarter and throughout 2018 to implement the Downtown Dayton Special Improvement District work plan. Thank you for your continued support of downtown Dayton. For additional information or answers to your questions, contact Sandy Gudorf at 937-224-1518, ext. 224, or at [email protected]. P. 2 P. 5 P. 8 P. 9 P. 10 2018 MAJOR DOWNTOWN SURGE IN A GREAT YEAR MARKETING DOWNTOWN BUSINESS HOUSING FOR DOWNTOWN HIGHLIGHTS PROJECTS NEWS DEVELOPMENT EVENTS REASONS TO “BE DOWNTOWN” STRATEGIC PLANNING THE ARCADE THE FLYER PNC ARTS ANNEX MAJOR DEVELOPMENTS LEVITT PAVILION FAIRFIELD INN & SUITES HIGHLIGHT A YEAR OF TRANSPORTATION CENTER MURAL 2018 was a strong year for our downtown in many ways, but some of the most apparent examples MAJOR PROGRESS of last year’s progress came in the form of a number of large-scale projects coming to fruition or taking major steps toward completion. It was a year that saw the addition of several new downtown amenities, some long-awaited projects getting underway, and big plans taking shape for downtown’s future. Here are some highlights from a big year for big downtown projects: Levitt Pavilion – Downtown’s new, state- run on a continuous loop between the remediation of lead and other work on CareSource – One of downtown’s largest Riverfront Master Plan – Much work Urban Art Intersections – Downtown’s of-the-art music venue opened in August University of Dayton area and downtown’s that structure. The project financing is employers made incredible progress on its was done in 2018 on this plan to lay streetscapes got a lot brighter this past and packed 33 free concerts into its RiverScape MetroPark with dozens of in place for the ~$90 million first phase new downtown office tower in 2018, and out a vision and guiding framework for year through this public art program inaugural season while 25,780 fans packed stops in between, offering easy access and the development team is working announced that it would be named the our riverfront areas over the next 20+ that selects murals to be painted on the Levitt lawn. The new pavilion was the to offices, dining, entertainment, parks, toward a close in the first quarter of 2019. Pamela Morris Center. The new building years. Five Rivers MetroParks, the City of downtown buildings. One of the most seventh of its kind to open in the nation, hotels, parking, and more in 10 minutes or Earlier this year, the project took a major has quickly taken shape at the corner of Dayton, the Miami Conservancy District, recent additions through the program was and officials estimate it provided more less. For a route map, schedules, and more step forward with the announcement First and Jefferson streets, and will hold the Downtown Dayton Partnership, a large, music-themed mural painted on than $2.2 million worth of free music and information, visit iriderta.org/The Flyer. of McCormack Baron Salazar and Model 800 employees when completed in the Montgomery County, Greater Dayton RTA, the Transportation Center near the new programming to the community in its first Group joining lead developer Cross Street spring of 2019. and MVRPC worked together to develop Levitt Pavilion. A call for entries for the year. Watch for the 2019 concert lineup of Fairfield Inn & Suites – Downtown’s Partners. the plan with significant input from next round of murals went out in late 2018 more than 50 shows at levittdayton.org. first new hotel in decades welcomed its the public and other stakeholders over – watch for more public art coming soon! first guests in early October. The 6-story Fire Blocks – Construction got the past year. The 4,000-acre study area PNC Arts Annex – Another new Marriott property offers 98 rooms, a underway this past year on the first included 10 focal parks and 26 adjacent downtown performing arts venue fitness center, business center, on-site phase of activation for this critical part of neighborhoods. Read more about the plan opened in November on the first floor laundry, dining options, and more. Shaner downtown. When complete, the Huffman at daytonriverfrontplan.org. of Courthouse Crossings. The Victoria Hotels operates the new hotel at 305 E. and Elks buildings will offer approximately Theatre Association’s newest space hosts Monument Ave. and co-owns the hotel 90 units of market-rate housing and classes and educational arts programs, and with Crawford Hoying Development 20,000+ square feet of retail and restaurant features studio space as well as a 200-250- Partners and Woodard Development. spaces. Also included in this phase is the BILLION OF seat black box theater. renovation of the 124 E. Third commercial COMPLETED PROJECTS The Arcade – Work is now underway building, which will feature 60,000+ PUBLIC & PRIVATE $1.092 The Flyer – Also debuting in November, on what is possibly downtown’s most square feet of non-traditional office space. SECTOR INVESTMENTS the Greater Dayton RTA’s new circulator eagerly-awaited project, the Dayton Earlier this year, Windsor Companies was shuttle bus service provides free, fast Arcade. Construction fencing went up in IN DOWNTOWN PROJECTS SINCE 2010 MILLION OF PROJECTS announced as the lead developer for this IN THE PIPELINE connections for thousands of workers and November and scaffolding was recently 10-acre, multi-building district. $437.7 students. The “green fleet” hybrid buses erected in the iconic rotunda to begin 2 3 STRATEGIC PLANNING BUSINESS DOWNTOWN PROPERTY PURCHASES SERVICES DOWNTOWN SPACE IN DEMAND THROUGHOUT 2018 KETTERING TOWER PURCHASED FOR STRATACACHE HQ Downtown has seen a surge in major property purchases in The Site Seeker program is a critical Q4 YTD 2018 recent months, and 2019 looks set to continue that trend, component in the DDP’s efforts to fill based on the latest news about our tallest and perhaps most underused and vacant office space. It SITE SEARCHES 12 62 well-known building. helps prospective tenants identify suitable SITE TOURS 27 138 downtown space and connects them with Dayton business Stratacache recently announced it has leasing agents and property managers purchased the Kettering Tower and will make it the company’s and owners. The Site Seeker program is a free, headquarters within the next 18 to 24 months. confidential service that matches 2018 was another busy year for the Site OTHER PURCHASES businesses and their desired features and Seeker service. The DDP completed 62 amenities with downtown properties The Kettering Tower is the latest in a recent streak of key site searches for prospects (12 in Q4) – that most closely meet those needs. 2018 SITE SEEKERS BY BUSINESS TYPE downtown property purchases. Some of those purchases from outpacing the annual goal of 50 searches, Businesses looking to expand or relocate 33.9% Restaurants & Retail the past few months and all of 2018 include: indicating that interest in downtown to a downtown facility that would like to 25.8% Professional Services space continues to be high. 138 site utilize this service should contact the DDP 22.6% Creative Services/Tech Courthouse Plaza building (10 N. Ludlow St.) - also tours were conducted in 2018, showing 4.8% Non-Profit at (937) 224-1518. 8.1% Developer purchased for nearly $1.7 million by Stratacache Inc. founder downtown buildings to prospects. KETTERING TOWER and chief executive Chris Reigel 4.8% Other Talbott Tower - 14-story office building purchased by Javad Adinehzadeh and Talbott Tower Holdings with plans to WELCOME DOWNTOWN, NEW BUSINESSES AND ORGANIZATIONS renovate and add new tenants Downtown’s business community HIGHLIGHTS FROM THE REST OF 2018: continues to grow, bringing new jobs, as Kuhn’s Building - purchased by Dayton Arcade Partners LLC • RSM – accounting firm (6 S. Patterson) for $1.28 million well as new amenities, downtown. This past year, 32 new businesses opened or • Troll Pub at the Wheelhouse – Grant-Denaeau Tower (40 W. Fourth) - acquired by Fire committed downtown. restaurant (216 Wayne) Blocks development team The Windsor Companies with plans • Olive Mediterranean Grill – restaurant to create modernized offices, residential, retail, and possibly FOURTH QUARTER NEW BUSINESS NEWS: (36 W. Third) hotel uses. First phase includes updating and activating the • Bar Granada – Spanish-style tapas bar parking garage • Speakeasy Yoga – yoga studio (204 (5 W. Monument) Wayne) The Barclay Building - purchased by Lawyers Development • Fairfield Inn & Suites – new 98-room • Picture Perfect Paint Parties – Pop-Up Corp. and First Hospitality Group with plans to convert the hotel (305 E. Monument) BAR GRANADA Shop (123 N. Ludlow) building into a branded boutique hotel TALBOTT TOWER • Comfort Keepers – home health services, • Van Buren Room – speakeasy cocktail • Lissé Beaute Bar – salon (21 W. First) opening first quarter 2019 (111 W. First St.) Dayton Towers - 206-unit apartment building purchased lounge (122 Van Buren) • A+ Cleaners – dry cleaning (100 N. by Lindy Communities for $13.5 million with plans to invest • CrossFit Involve – gym (150 S. Patterson) • Berry Network/DexYP – marketing/ Jefferson) $3 million in updates and rename the property The View at • Phebe’s Café – restaurant, formerly Ohio advertising, locating in February (6 N. • Funk Music Hall of Fame – exhibition Dayton Towers Coffee Company (1 S. Main) Main) center (113 E. Third) Riverfront Grande - The former Newcom Manor apartments • Jimmy John’s – restaurant, opening first • US Census Bureau – local staff moving • N-ovation Technology Group – tech were purchased, renovated, and renamed quarter 2019 (216 N. Main) this summer (6 N. Main) company (10 W.
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