The 14 new City View townhouses have sold out just about 13 months after hitting the market, making it Charlie Simms’ fastest downtown housing project to run out of product.
City View was Charles Simms Development’s sixth downtown housing project. Simms’ first project — the Patterson Square town homes, built in 2011 — took a couple of years to sell out.
Simms Development released pricing of the City View homes in February 2017, meaning it sold out four months quicker than its Brownstones at 2nd project.
RELATED: New downtown Dayton housing fetching $200 per square foot
“We would consider this a record sellout in all aspects for a downtown development,” said Robi Simms, vice president of sales and marketing with Charles Simms Development.
The homes sold out quickly even though they commanded much higher prices than Simms’ earlier housing.
The Patterson Square townhomes, at East First Street and North Patterson Boulevard, started at about $139,900, or about $100 per square foot. The City View homes, located a few blocks away on South Patterson Boulevard, have been selling for almost $200 per square foot.
The pricing of the Brownstones at 2nd were $200,000 and up range, while the City View homes have sold in the mid to upper-$300,000 range.
RELATED: Buyers snap up urban townhouses in downtown Dayton
The exterior of the City View homes is urban and modern. This was a departure for Simms, whose five previous downtown projects were traditional-style brownstones and brick homes.
Simms last month told this newspaper he intended to continue building new homes downtown for the foreseeable future. He said the demand for new housing in the urban center far outstrips the supply.
About the Author