March 2, 20187 yr Two steps forward, two steps back... :( Miller-Valentine withdraws from Dayton Arcade project Miller-Valentine Group, the local partner on the Dayton Arcade, has withdrawn from the project’s plan to build new artist housing and has returned millions of dollars in previously awarded tax credits to the state. However, the lead developer is working with other partners to make the project a reality. Miller-Valentine, headquartered in Dayton, teamed up with Maryland-based development firm Cross Street Partners to try to revitalize the long-vacant complex, with plans to create new housing, commercial and innovation spaces. But last month, MV Residential Development President Brian McGeady notified the state that “the Art Works Lofts development is unable to move forward,” according to a letter to the Ohio Housing Finance Agency. McGeady said Miller-Valentine was formally returning all previously awarded funding to the Ohio Housing Finance Agency, which awarded the artist housing component of the project $22.5 million in low-income housing tax credits and up to $6 million in housing development loans. More below: https://www.dayton.com/news/local/miller-valentine-withdraws-from-dayton-arcade-project/Lg8VyoaLlQaoM5qQ7NgnhP/ “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
March 2, 20187 yr Well, at least they are continuing with the commercial part of it. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
March 6, 20187 yr Two steps forward, two steps back, another step forward??? :o After Miller-Valentine exits Dayton Arcade project, 2 big players step up a project to create new housing in the Dayton Arcade, electing to step back from efforts to revitalize the famed complex. But two big players in urban redevelopment have signed on to partner on the project, and the lead developer says the rehab of the arcade into a mix of uses is definitely going to happen, with construction expected to begin this year. Maryland-based Cross Street Partners continues to be the lead developer of the arcade, but its new partners are Cincinnati-based Model Group and St. Louis-based McCormack Baron Salazar. Model Group and McCormack Baron Salazar are “powerhouses” in tax credit investments and new market or historic reuse projects that have large extensive experience completing large and complicated projects, said Bill Struever, principal of Cross Street Partners. More below: https://www.daytondailynews.com/news/breaking-news/after-miller-valentine-exits-dayton-arcade-project-big-players-step/Y5ru3jqwgesw8ZhguBEBwN/ “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
March 6, 20187 yr ^Positive news for sure, thanks for sharing! I caught M-V dropping their involvement in the residential portion in passing last week, haven't had a great chance to follow all of this so good to see this posted and that there's hope!
March 6, 20187 yr Two new partners named to Dayton Arcade project Less than a week after Miller-Valentine Group announced it would no longer be involved in the plan to build housing in the Dayton Arcade, two new partners have been named for the project. Cincinnati-based Model Group and St. Louis-based McCormack Baron Salazar will now partner with the project's lead developer, Baltimore-based Cross Street Partners, to renovate and revitalize the 114-year-old Arcade complex in downtown Dayton. “Transforming abandoned old buildings into dynamic new spaces with the power to stimulate a city-wide renaissance requires a tremendous amount of support and teamwork," Cross Street Partners CEO and managing partner Bill Striver said in a news release. More below: https://www.bizjournals.com/dayton/news/2018/03/06/two-new-partners-named-to-dayton-arcade-project.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 10, 20187 yr Developers seek $500K for Dayton Arcade project Developers are focusing their latest fundraising efforts on an 88,000 square-foot "Innovation Hub" that would be located within the Arcade property. The mixed-used facility could create 426 jobs, according to documents filed with Montgomery County. More below: https://www.bizjournals.com/dayton/news/2018/04/10/developers-seek-500k-for-dayton-arcade-project.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 27, 20187 yr The Dayton Arcade is opening to the public, and you can get a rare look inside at special event Members of the public will be able to walk inside of the Arcade in downtown Dayton for the first time in several years. The rotunda of the historic nine-building complex will be open during the Downtown Housing Tour organized by the Downtown Dayton Partnership and set for 1 p.m. to 5 p.m. Saturday, May 5. (And it's free!) More below: https://www.whio.com/news/local/the-dayton-arcade-opening-the-public-and-you-can-get-rare-look-inside-special-event/5UDnt4eHdC8XwMKcB9plCK/ ... I'll be there Saturday along with several other local UO forumers around 1ish. You should come! "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 23, 20187 yr City of Dayton approves $10M loan for Arcade project The city of Dayton has approved a $10 million loan for the Dayton Arcade project. At a City Commission meeting Wednesday morning, commissioners approved a development agreement that allows for the loan to be paid to the Arcade's developer group when it closes its financing agreements. The development team, Dayton Arcade Partners, is comprised of Model Group of Cincinnati, Baltimore-based Cross Street Partners and McCormack Baron Salazar of St. Louis. The 114-year-old Arcade building, which has been vacant for years in downtown Dayton, could be a catalytic project that would spur future economic growth in the city's core. Developers say the redevelopment project could create hundreds of new jobs with millions of dollars in payroll, as well as tax revenue. More below: https://www.bizjournals.com/dayton/news/2018/05/23/city-of-dayton-approves-10m-loan-for-arcade.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
August 31, 20186 yr Montgomery County approves $1M for Dayton Arcade project The Dayton Arcade project is getting another boost thanks to new funding approved this week by the Montgomery County Commission. Commissioners passed two separate resolutions that provided a total of $1 million for the project, which has already earned millions in tax credits. One resolution was for a $500,000 Economic Development/Government Equity agreement for the Arcade Innovation Hub. The hub will be designed to nurture entrepreneurs and start-ups, while commercializing innovations and technologies emerging from the region's economy. More below: https://www.bizjournals.com/dayton/news/2018/08/30/montgomery-county-approves-1m-for-dayton-arcade.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
August 31, 20186 yr So in Dayton, we have both the Arcade and also the Fireblocks projects trying to get started, and these are completely seperate? Seems like with these two projects that's going to be a big boost to downtown. Can anyone let me know how "big" of a deal these are for Dayton?
August 31, 20186 yr Frankly, they're the very definition of "catalytic". Downtown has already made huge strides in the past two years, and these projects have the potential to push the momentum over the edge. I know a lot of suburban folk, especially empty-nesters, who love downtown and would jump at the chance to move down if there were more apartments available. Frankly everyone in the Miami Valley is watching the Arcade project closely, since folks remember how it used to be and want to see it return to glory. The fact that there are condos selling for $400-700k in Dayton goes to show that there is a lot of pent-up demand. These two projects will go a long way toward making downtown a more extensive, livable neighborhood. “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
August 31, 20186 yr So in Dayton, we have both the Arcade and also the Fireblocks projects trying to get started, and these are completely seperate? Seems like with these two projects that's going to be a big boost to downtown. Can anyone let me know how "big" of a deal these are for Dayton? 1). Yes, they are completely separate projects. 2). A huge deal. Imagine the Carew Tower complex and two blocks of 4th Street in Cincinnati completely empty for decades. That's what it basically is. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
August 31, 20186 yr That's great news! I don't know much of anything about Dayton but I'm always rooting for it. I'm from Iowa and I'm always a bit baffled how Dayton is bigger than Des Moines (THE big city in Iowa), and also seemed to have a lot better "bones" in the downtown area. Seems like so much potential, that's awesome news.
August 31, 20186 yr The Fire Blocks will basically connect the existing entertainment & shopping areas of downtown into more of a cohesive whole, along with adding residential units. It's on the eastern side of downtown, near the Oregon District, which of course is the German Village/Ohio City/Over-the-Rhine of Dayton. The Arcade is on the west side of downtown (maybe "central" is a better way to put it, but it's west of Main Street), where there isn't a whole lot going on outside of offices. It's kind of like if there were a massive mixed-use development on Plum by Cincinnati's City Hall. So it's that, but it's also THE significant historic building in Dayton's downtown, which has sat vacant for decades. The projects are separated by a couple blocks of Third Street, which is the main east-west street through the core of downtown.
August 31, 20186 yr Frankly, they're the very definition of "catalytic". Downtown has already made huge strides in the past two years, and these projects have the potential to push the momentum over the edge. I know a lot of suburban folk, especially empty-nesters, who love downtown and would jump at the chance to move down if there were more apartments available. Frankly everyone in the Miami Valley is watching the Arcade project closely, since folks remember how it used to be and want to see it return to glory. The fact that there are condos selling for $400-700k in Dayton goes to show that there is a lot of pent-up demand. These two projects will go a long way toward making downtown a more extensive, livable neighborhood. This is well illustrated by the downtown housing tour this summer. They opened up the Arcade for tours, and the wait to get in was several hours long! I've been in there before, and I wanted to take my wife through as well. But we were turned back as we got there towards the end of the event and people were still both waiting in line and showing up. The interest by the community is obviously there, and this project frankly HAS to happen.
August 31, 20186 yr That's great news! I don't know much of anything about Dayton but I'm always rooting for it. I'm from Iowa and I'm always a bit baffled how Dayton is bigger than Des Moines (THE big city in Iowa), and also seemed to have a lot better "bones" in the downtown area. Seems like so much potential, that's awesome news. Just keep in mind that Dayton is quite older than Des Moines and had an early head-start. It was around the same size as Columbus and Cleveland (and larger than Indianapolis) in the mid-1800's. All that said, Des Moines is quite impressive for a city essentially built in the early 1900's and I love what they are doing with urbanizing their core. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
August 31, 20186 yr ^No doubt, Dayton has a lot more history, etc. Des Moines is really growing fast as a metro as a whole. They had a ton of demolitions there but like a lot of cities west of the Mississippi is kind of spread out like KC, Omaha, etc. I hope this can really strengthen downtown Dayton and help them attract some more companies to locate in their downtown. Cincinnati and Dayton getting stronger independently helps them both IMO.
September 21, 20186 yr Downtown’s sleeping giant is almost ready to wake up One of the region’s most anticipated projects -- the Dayton Arcade, downtown’s sleeping giant -- is getting closer to reality, developers say. The latest move came Wednesday, when the Ohio Housing Finance Agency approved about $22.5 million in Low Income Housing Tax Credits for the Dayton Arcade, as well as a $4 million low-interest housing development loan. This is expected to be the last major milestone before financing is finalized and work begins to resuscitate the long-slumbering complex, developers said. Read more: https://www.dayton.com/news/more-tax-credits-approved-for-the-dayton-arcade-could-the-last-funding-needed/pSA4hxkB8W6PNgaDsSkXyM/ “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
October 26, 20186 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 5, 20186 yr Tenant agreements, financial closing imminent for Dayton Arcade project The Arcade project, one of the largest and most ambitious redevelopment initiatives in downtown Dayton, is moving ahead with financing and tenant agreements. More below: https://www.bizjournals.com/dayton/news/2018/12/05/tenant-agreements-financial-closing-imminent-for.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
December 6, 20186 yr Finally starting to get a little excited about the Arcade project. Still a little skeptical that it gets done, though.
December 17, 20186 yr Demolition work finally begins inside Dayton Arcade After 27 years of plans that went nowhere and dashed hopes, some people won’t believe the Dayton Arcade will re-open until it actually happens. But even the biggest doubters can’t ignore mounting evidence that the arcade rehab project is the real deal. Social media lit up with excitement this week when photos were posted online of demolition work going on inside the arcade’s iconic rotunda. Sparks flew as crews sawed apart an old escalator, and whirring drills echoed in the massive space as scaffolding was put up. -- Next year at this time, the glass dome should be redone, the exterior should be restored, the first floor should be in-filled and the storefronts should be finished, developers say. Late spring of 2020 is when parts of the arcade are expected to re-open, they said. More below: https://www.daytondailynews.com/news/local/demolition-work-finally-begins-inside-dayton-arcade/ROhLD1RpPqs0mkat7Mm1QN/ “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
December 18, 20186 yr 16 hours ago, BigDipper 80 said: some people won’t believe the Dayton Arcade will re-open until it actually happens Kind of in this boat, lol! Great to see some real work being done.
January 8, 20196 yr With Kuhns purchase, developer controls all Arcade buildings The developers behind the renewal of the Dayton Arcade have purchased the Benjamin F. Kuhns building downtown. Dayton Arcade Partners LLC bought the building at 45 S. Main St. from the city of Dayton in a Montgomery County property transaction picked up Monday. More below: https://www.mydaytondailynews.com/business/arcade-project-buys-kuhns-building-for-28m/oVJq6vDTvyelSbruB9v0vK/ Edited January 8, 20196 yr by BigDipper 80 “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
January 8, 20196 yr Full speed ahead for the Arcade. Reality is setting in. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
January 9, 20196 yr Dayton Arcade developers acquire final building in complex The developers of the Dayton Arcade project now own all of the buildings in the downtown complex. Dayton Arcade Partners, led by Baltimore-based Cross Street Partners along with Model Group of Cincinnati and St. Louis-based McCormack Baron Salazar, have acquired the Kuhns building at 15 W. Fourth St. for $1.28 million. ... Dayton Arcade Partners now owns all nine of the buildings that comprise the Arcade complex, and the group is "on their path towards the full financial closing of the development, that will include a transformational commercial and residential project," according to a release. The developers purchased the previous eight buildings in November. More below: https://www.bizjournals.com/dayton/news/2019/01/09/dayton-arcade-developers-acquire-final-building-in.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
February 22, 20196 yr Scaffolding has gone up in the dome and restoration work is underway! Some photos I found on Facebook: “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
March 14, 20196 yr Dayton Arcade project moves ahead with rotunda restoration, cleanup Demolition and abatement has allowed for unprecedented access to the top of the iconic rotunda that serves as the focal point of the Dayton Arcade, a block of century-old buildings being redeveloped in the city's core. The developers behind the project, led by Baltimore-based Cross Street Partners and its two partners, the Model Group of Cincinnati and St. Louis-based McCormack Baron Salazar, have constructed scaffolding across the base of the rotunda to allow access to the top, providing a glimpse at a structure that likely has not been touched in decades. "This is the first time in I don't know how many years we've gotten access to the top of the rotunda, which was enabled by the demolition and abatement work that's going on," said Frances Kern Mennone, director of development for Cross Street Partners. The scaffolding, which Cross Street Senior Director of Development David Williams refers to as the "dance floor," has not only given workers and community leaders a closer view of the rotunda, it has also enabled restoration and remediation to occur. More below: https://www.bizjournals.com/dayton/news/2019/03/14/dayton-arcade-project-moves-ahead-with-rotunda.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 5, 20196 yr 'Significant announcements' coming soon on Dayton Arcade project The future of the Dayton Arcade redevelopment, which has been described as the most complicated project in the city's history, appears to be moving forward. But questions remain about the tenants who will occupy the iconic block of buildings located in the city's core, as at least two prospective tenants have removed themselves from discussions. More below: https://www.bizjournals.com/dayton/news/2019/04/05/significant-announcements-coming-soon-on-dayton.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 6, 20196 yr Looking forward to what they have to say... Even though we know UD and some of the other major players getting this done it seems like actual, tangible details on what will be opening in the arcade are non-existent. Hopefully the big announcement will clear some of that up.
April 11, 20196 yr Dayton Arcade's anchor tenant signs long-term lease, will invest $10M Developers have secured an anchor tenant for the Dayton Arcade, a massive redevelopment project that could serve as a catalyst for economic growth in the city's core. The Arcade Innovation Hub LLC — a joint venture of the University of Daytonand The Entrepreneurs Center — has committed to a 10-year lease for the Arcade, bringing hundreds of UD faculty, staff and students, comprehensive entrepreneurial support services and thousands of square feet of working space for local startups to the downtown area. Through the partnership, UD and TEC plan to invest more than $10 million over the next decade to cover rents, operating expenses, upfront costs for furnishing and equipping the space, and other equity support for the project at closing. The partnership expects income from sub-tenants and hub members to offset some of its investment. More below: https://www.bizjournals.com/dayton/news/2019/04/09/dayton-arcades-anchor-tenant-signs-longterm-lease.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 15, 20196 yr Local TV station filming documentary on Dayton Arcade A local TV station is filming a new documentary about the Dayton Arcade — one of the largest and most complicated redevelopment projects in the city's history. Production has begun on "The Dayton Arcade: Waking the Giant," which will recount the history of the landmark buildings and follow construction through phase one of the restoration project. The one-hour documentary is being produced by ThinkTV, the Dayton area's PBS station. The film will take viewers inside the Arcade redevelopment, documenting the challenges and discoveries uncovered along the way. Once a thriving commercial complex, the 114-year-old Arcade buildings have been vacant for nearly 30 years. More below: https://www.bizjournals.com/dayton/news/2019/04/15/local-tv-station-filming-documentary-on-dayton.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 25, 20196 yr ? Dayton Arcade project gets major boost with long-awaited financial close The long-awaited financial closure by developers of the Dayton Arcade is now complete. Earlier this month, Dayton city commissioners voted on a variety of legislation, property tax incentives and energy improvements to prepare for the $90 million financial closing of the first phase of the Arcade project. The financing structure is being called one of the largest and most complicated deals of its kind, and represents a number of firsts for the Dayton region. Included in the financing is $10 million in support from the city — its largest economic investment since the construction of the Schuster Center in the early 2000s. In addition to city support, the financing package includes new market tax credits, federal and state historic tax credits, low income housing tax credits, Property Assessed Clean Energy, or PACE, financing and private equity. These combined sources will fund nearly $60 million of construction for the commercial and housing project. More below: https://www.bizjournals.com/dayton/news/2019/04/25/dayton-arcade-project-gets-major-boost-with-long.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
April 26, 20196 yr Woot, this is huge for Dayton! Is that vacant taller building on the corner included in the reno plans?
April 26, 20196 yr Yes, all of the Arcade structures are included. I believe the shown Commercial Building are going to be market-rate apartments. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 23, 20196 yr Arcade developers select well-known firm to restore iconic rotunda (Photos) Developers behind the Dayton Arcade project have selected a well-known company to restore the iconic rotunda that serves as a focal point of the century-old structures located in the city's core. Cross Street Partners, the Baltimore-based group leading the project, announced Thursday the rotunda will be repaired by Super Sky Products Enterprises LLC, one of the leading commercial skylight manufacturers in the U.S. MORE
May 28, 20196 yr University of Dayton GEMnasium expanding classrooms to downtown Arcade building The GEMnasium is a 3,500 square foot space used by the Institute of Applied Creativity for Transformation. It will open a new workspace for students and faculty in the downtown Arcade building in 2020. More below: https://www.bizjournals.com/dayton/news/2019/05/24/university-of-dayton-gemnasium-expanding.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
May 28, 20196 yr Wow, now there's an organization composed entirely of meaningless buzzwords. “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
June 17, 20195 yr Several housing projects underway downtown Construction of new apartments at the historic downtown Arcade has begun, with a projected opening of October 2020. More below: https://www.bizjournals.com/dayton/news/2019/06/17/several-housing-projects-underway-downtown.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
June 17, 20195 yr I really can't wait until they put in the new windows on the Commercial Building. “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
June 18, 20195 yr Am I nuts or did McCrory have an entrance thru the 4th Street arcade building? I wonder if the passageway between One Dayton Center/Fifth Third Center will be reopened when the Third Street arcade is complete.
July 5, 20195 yr UD to open student-run bistro at Dayton Arcade The University of Dayton is opening a student-run bistro at the Dayton Arcade, furthering its investment in one of the largest redevelopment projects in the downtown area. More below: https://www.bizjournals.com/dayton/news/2019/07/05/exclusive-ud-to-open-student-run-bistro-at-dayton.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
July 5, 20195 yr UD's coffee shop on campus is quite nice, so I'm sure this will be a great space too. “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
July 10, 20195 yr Leasing group selected for Dayton Arcade One of the largest redevelopment projects in downtown Dayton’s history has a new helping hand. The team working on the Dayton Arcade renovation has hired Washington Township-based Apex Commercial Group as its leasing agent. The Arcade project is led by Baltimore-based Cross Street Partners and its two partners, the Model Group of Cincinnati and St. Louis-based McCormack Baron Salazar. Apex will work with Cross Street’s David Williams to realign current leasing in the Kuhns building as well as find new commercial tenants for the North Arcade. More below: https://www.bizjournals.com/dayton/news/2019/07/10/leasing-group-selected-for-dayton-arcade.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
July 10, 20195 yr On 5/28/2019 at 5:31 PM, BigDipper 80 said: Wow, now there's an organization composed entirely of meaningless buzzwords. They could have easily added "and Innovation" to it Edited July 10, 20195 yr by GCrites80s
September 24, 20195 yr Dayton Arcade gains new tenant A local arts and culture advocacy organization has been named the Dayton Arcade's newest tenant. More below: https://www.bizjournals.com/dayton/news/2019/09/24/exclusive-dayton-arcade-gains-new-tenant.html "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
September 27, 20195 yr A couple of BizJournal articles about the Arcade: Accounting team pivots around 'twists, turns' of Arcade project Women of the Dayton Arcade Dayton City Manager drives Arcade project to finish line Friends of the Dayton Arcade: A look at the original advocates "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
October 16, 20195 yr PHOTOS: Take a look at the latest construction progress on the Dayton Arcade https://www.dayton.com/places/photos-take-look-the-latest-construction-progress-the-dayton-arcade/VT8B9HfwVG5yCHqq2gJPAK/ “To an Ohio resident - wherever he lives - some other part of his state seems unreal.”
October 17, 20195 yr ^The renovation is really coming along! Every time I see pictures of the Arcade, I realize it is still hard for me to wrap my head around how cavernous it is... it'll be an amazing space once it is done, glad to see it finally happening.
December 19, 20195 yr Two downtown Dayton redevelopment projects receive $4.4M in historic tax credits By John Bush – Senior Reporter, Dayton Business Journal Two Dayton projects, including one of the largest redevelopment efforts in the city's history, have been awarded historic tax credits from the state of Ohio. The J.K. McIntire Building and the Third Street Arcade, which is part of a broader redevelopment project, will receive Ohio Historic Preservation Tax Credits, the state announced Thursday. MORE
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