The new owner of downtown Dayton’s Talbott Tower said Tuesday he plans to improve the 14-story tower and welcome new tenants — including a bakery that could open in the building in about three months.
Javad Adinehzadeh, principal of Talbott Tower Holdings LLC, took questions Tuesday about his $1.8 million purchase of the building at the corner of First and Ludlow streets, first reported by the Dayton Daily News Monday.
“Hopefully, there will be a new bakery downstairs,” Adinehzadeh said. He offered press conference visitors samples from the projected bakery business.
The new owner appeared with Mike Dyer and Doug Mann, partners in the law firm Dyer, Garofalo, Mann & Schultz, which has operated in the building for 18 years.
Dyer said the firm’s Talbott offices lease is up in two years, and firm leaders were considering a move elsewhere.
“But based on everything I’ve heard, we’re going to stay here,” Dyer said. “We’ve always wanted to stay in downtown Dayton. It’s very important to us to be part of the community, to be a part of the people who have made us successful.”
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Adinehzadeh said he has “loved” the Talbott Tower since 1994.
The building already has “good bones,” but he plans improvements to the its lighting, roof and elevators, its heating, ventilation and air-conditioning system and more. He intends to reduce the structure’s carbon footprint by 75 percent.
Said Adinehzadeh, “It needs to be updated.”
“We have such great tenants in this building,” he also said. “We want to make them happy, make them secure, make sure they’re very loyal to this building.”
Mann said his mother once worked in Talbott Tower “fifty-some years ago,” and he shares Adinehzadeh’s affinity for the building.
“Javad is a neighbor of mine and a great friend,” Mann said. “And he loves the building as much as we do.”
The original three-floor structure was built in 1938, with a five-level parking garage added a decade later — then the familiar 14-story tower. At the time of its completion, it was the fourth tallest structure in Dayton, reaching nearly 204 feet.
The building has 197,000 square feet and is about 60 percent occupied today, Adinehzadeh said.