Ludlow Place, located at the southeast corner of Fifth and Ludlow streets, is now fully leased. The historic building was originally built in 1905 and is listed on the National Register of Historic Places as part of the Dayton Terra-Cotta Historic District. The building offers 12,607 square feet of rentable space, including first-floor retail areas and three floors of office suites upstairs. The current owners of Ludlow Place were all tenants of the building in 2007 when it was under the ownership of historic architect, Jeff Wray. Several years after Mr. Wray’s unexpected passing in 2009, the group of five tenants formed an LLC to prevent its sale after foreclosure by purchasing the property in 2013.
Part owner of the building, Daniel Brown of the Brown Law Office, says that the group has successfully reached 100% occupancy by creating a family environment among the tenants, providing optional parking in a nearby Sinclair College lot, and being prompt and responsive to tenant needs. Brown says his ownership group is cautiously optimistic about the prospects of additional investments in this section of the city.
“Although this southwest quadrant of downtown Dayton has been neglected for more than 70 years, we see signs of revitalization with the Dayton Arcade redevelopment almost completed, the Levitt Pavilion opening, and Convention Center redevelopment underway,” Brown said.
Visitors to downtown are likely familiar with the ground-floor tenants of Ludlow Place, Grist Provisions and Chelsea Hall Photography. Upstairs, Alliance Industrial Masking, Beyer Law Office, Grist Provisions, Brown Law Office, Roto-Rooter Plumbing, BC+E Engineering, Vy Banks Photography, and NZ Engineering operate their own small businesses from leased office suite.
Share this Post