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Woodard said the partners’ current plan is to demolish the existing building at 507 E. First — immediately east of and adjacent to the ballpark — and build new residential units.
“We’re talking around 100 additional units, but we’re really very early in the design stage,” Woodard said.
Demolition of the current building is slated to start next spring.
Woodard and Crawford Hoying Development of Columbus have been the development force behind downtown Dayton’s Water Street District, a mix of Class A office, commercial and residential uses off the Mad River and across East Monument Avenue from the ballpark.
“To date in 2017, this development team has already transformed the historic Delco building into the Delco Lofts and has broken ground on 54 additional apartments and on downtown Dayton’s newest hotel, the 98-room Fairfield Inn & Suites by Marriott Hotels,” the partners said in an announcement Thursday.
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“The success there has really helped a lot in our desire to continue developing in that particular area,” Woodard said.
The area has proven to be “walkable” and close to plenty of downtown amenities. “It’s starting to develop into its own community,” he said.
The plan still needs to go through the city of Dayton’s approval and permitting processes, he said.
The 507 E. First address had been home to industrial goods supplier Dayton Supply and Tool Co. for years until this summer. Jerry Kronenberger, president of Dayton Supply and Tool, said his company and its 30 employees moved to a nearby location at Keowee Street and Monument in June, vacating its former space.
Steve Peters, executive vice president, commercial sales and leasing for Miller-Valentine Group Realty Services, said his company represented the seller in the transaction, the Woessner family.
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