New student housing? Investor buys more property near UD

The firm bought an iconic church on Brown St. in late November. BRIAN KOLLARS/STAFF
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The firm bought an iconic church on Brown St. in late November. BRIAN KOLLARS/STAFF

A real estate and development firm, which recently bought an iconic church located near the University of Dayton, has bought another property on the same street.

According to county property records, Dublin-based firm New Village Communities has bought the property located at 1727 Brown St. for $399,000.

The firm just also recently purchased the South Park United Methodist Church, located at 1701 Brown St. The church was listed by Miller Valentine realty services.

RELATED: Church near UD, eyed as future student housing, sells for $550,000

The Dayton Daily News was the first to report about the church's sale back in October, and found that local residents and some UD officials said they do not want to see student housing developments creep into areas west of Brown Street.

UD officials have heard there’s a great interest to transform the church into student housing. The 48,000-square-foot structure sits in a neighborhood that is about 98 percent occupied, and homes rarely come up for sale.

RELATED: Iconic Dayton church could be turned into student housing

The church building dates back to 1926 when it opened as Patterson Memorial Presbyterian Church — named after NCR founder John Patterson. It became a United Methodist Church in 1968, and merged with Oak Street UMC in 1995.

The Dayton Daily News has reached out to the New Village Communities for more information.

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