- Chris Riegel, founder and chief executive of Stratacache Inc., purchased the Courthouse Plaza building at 10 N. Ludlow St. for nearly $1.7 million this past December. The 11-story property will be in good company with Stratacache’s other commercial real estate holidings, including 2 Riverplace (Stratacache headquarters), and properties in Huber Heights and most recently Trotwood, where Stratacache transformed a nearly-vacant 380,000-square-foot warehouse into space for assembly and distribution work.
- A downtown high-rise apartment building is under new ownership, with a second property possibly to follow. Philadelphia-based Lindy Communities purchased the 206-unit Dayton Towers for $13.5 million, which will be renamed The View at Dayton Towers. The family-owned development company also owns St. Clair Lofts in downtown Dayton. “We plan to invest $3 million to update the apartment interiors, amenities, and common areas,” said Alan Lindy, president at Lindy Communities. Negotiations are also underway to acquire JP Flats, an apartment complex at the corner of Second and Jefferson streets.
- Talbott Tower Holdings and its parent company, led by Dayton entrepreneur Javad Adinehzadeh, purchased the 14-story Talbott Tower on Dec. 21, 2018. Since 1974, Talbott Tower has been home to several prestigious law firms and restaurants, as well as other successful businesses and service professionals. The facility underwent renovations in 1996, and the new ownership team says it’s time to update the property. So far, renovations include adding energy-efficient lighting to reduce the building’s carbon footprint by more than 75 percent; replacing the roof, and heating and cooling systems; and installing two fiber optic trunks that can support fast and secure networking. The leadership team has added a new tenant – a bakery that is slated to open by the second quarter of this year.
- Dayton Arcade Partners LLC purchased the historic Kuhn’s Building at 45 S. Main St. for $1.28 million. The 63,035-square-foot, four-story building was built in 1883. Participating firms in the Dayton Arcade Partners includes Cross Street Partners, McCormick-Baron-Salzar, and The Model Group out of Cincinnati.
- Fire Blocks development team at The Windsor Companies acquired the 200,000-square-foot Grant-Deneau Tower at 40 W. Fourth St. Future plans for the site call for modernized offices, residential, retail and possibly hotel uses. Developers said the first phase will include updating and activating the parking garage, which is strategically located close to the Convention Center, Levitt Pavilion, and future Dayton Arcade. Check out the latest progress on the Fire Blocks mixed-use spaces downtown. To learn more, or to make a reservation on apartment spaces (coming fall 2019), visit http://fireblocksdistrict.com.
Share this Post