Dayton Arcade

Development, Financial Advisory


Completed

Summer 2020

CSP Role

Developer

Contact

Dave Williams, Frances Mennone

Partners

McCormack Baron Salazar, Model Group Sandvick Architects, Inc.

Download a PDF of this project

Cross Street Partners (CSP) Model Group, and McCormack Baron Salazar will develop the historic Dayton Arcade, a collection of nine buildings totaling over 330,000 SF in the heart of downtown Dayton’s central business district. The full development plan will recast the Arcade in much the same way it was initially developed in the first decade of the 20th century—with a mix of retail, offices, public space and housing. The first phase of the project, the South Arcade, will consist of an innovation center with a higher education partner in addition to a 126-unit residential LIHTC and market rate development for artists and creative entrepreneurs.

 

View/download Dayton Arcade Look Book here

Visit Dayton Arcade’s website here

The second phase the Third Street Arcade, will include a culinary and kitchen incubator program, complimentary retail and restaurant space available for incubator participants, creative co-working space and affordable market rate micro-loft apartment living.

The Dayton Arcade was a widely-celebrated achievement after its completion in the first decade of the 20th century; the structure is highlighted by a 90-foot diameter glass rotunda that many consider the most spectacular piece of architectural history in the Dayton region. But, as downtown Dayton declined in the 1970’s and 1980’s, so did the Arcade. The main building went into bankruptcy in the mid-1980’s, and was last occupied in 1990. Today, the stunning Rotunda is a diamond in the rough, hidden behind vacant store façades, and unknown to an entire generation of passersby. The downtown itself is also in a state of disrepair, with numerous vacant buildings, and an overabundance
of half-empty parking garages and surface lots. In the past five years; however, the City’s population decline has halted, and there is significant renewed interest in living, working and visiting downtown.

The Arcade is part of a larger plan by the City of Dayton to bring residents, jobs, and visitors back to the downtown. Across the street from the Arcade is the future site of a new Levitt Pavilion—an outdoor live music venue that will offer 50 free concerts each year. The Levitt is at the center of a nine-block redevelopment strategy led by the City that builds on existing underutilized assets to build a premier downtown urban neighborhood centered around a central park. The restoration of the Arcade is now the highest priority for the City of Dayton, and it has its greatest potential, more so now than ever before, to be a center for innovation and force for economic development in downtown Dayton.

 

 

In The News: Dayton Arcade

12/13/2016

Dayton Arcade: Photographs reveal landmark frozen in time

My Dayton Daily News

12/12/2016

Then & Now: Where Dayton gathered under the Arcade rotunda

My Dayton Daily News

12/02/2016

‘Serendipity:’ Why the latest Dayton Archade plan has so much traction

Biz Journals

11/30/2016

There’s new optimism for Dayton Arcade

ABC 22 Now

11/28/2016

Dayton Arcade planners eye $4M incubator, co-working space

Biz Journals

11/21/2016

Miller-Valentine’s Dave Williams talks Dayton Arcade progress

Biz Journals

11/18/2016

Dayton Arcade developers share some plans for it during tour

Whio

11/15/2016

New details of $70M downtown Dayton Arcade project revealed

Biz Journals

10/07/2016

Dayton Arcade requests $5M in support

Dayton Daily News

09/22/2016

Land bank to manage several Dayton Arcade buildings

Whio

09/19/2016

Special financing may become part of Arcade project

Dayton Daily News

06/24/2016

Challenges remain for Arcade redevelopment

My Dayton Daily News

06/15/2016

Dayton Arcade grated $20M in housing tax credits

Biz Journals

06/14/2016

Future of Dayton Arcade faces big decision this week

My Dayton Daily News

06/03/2016

Dayton Arcade effort moving forward

Biz Journals

06/02/2016

First look: Developers release Arcade renderings

Dayton Daily News

04/05/2016

Downtown Dayton readies for growth spurt


WDTN

10/30/17

These unique details inside the Dayton Arcade made it beloved in its heyday

Dayton Daily News

11/15/2017

FOX 45 gets an inside look at improvements to Dayton Arcade

FOX45NOW.com

02/26/2018

State budgets $1 million for Arcade, millions more for area projects

Dayton Daily News

03/05/2018

After Miller-Valentine exits Dayton Arcade project, 2 big players step up

Dayton Daily News

03/06/2018

Two new partners named to Dayton Arcade project

Dayton Business Journal

03/06/2018

Arcade is definitely happening, developer says: "We're way too pregnant"

Dayton Daily News

03/06/2018

Developer: Downtown Dayton Arcade will DEFINITELY reopen

My Dayton Daily News

03/09/2018

New Dayton Arcade partners part of amazing Midwest transformations

Dayton Daily News

04/03/2018

Proposed projects could create more than 500 jobs in Dayton area

Dayton Business Journal

04/11/2018

Developers seek $500,000 in county grant funding for Dayton arcade project

2 News WDTN.com

04/18/2018

Dayton Arcade's sleeping giant: Art grabs attention, points to future

Dayton Daily News

05/11/2018

County committee recommends $500K for Dayton Arcade

Dayton Daily News

05/15/2018

Montgomery Co. Commissioners approve Arcade and projects funding

2 News WDTN.com

05/23/2018

City of Dayton approves $10M loan for Arcade project

Dayton Business Journal

05/23/2018

Leaders of Dayton Arcade redevelopment excited by Dayton's decision to enter agreement

abc22now.com

05/23/2018

City's $10 million loan to Dayton Arcade largest investment in 15 years

WHIOTV7

05/23/2018

City's $10 million loan to Dayton Arcade largest investment in 15 years

Dayton.com

05/23/2018

City of Dayton approves Arcade development agreement

DaytonLocal.com

05/24/2018

Dayton's $10M deal: Dayton Arcade must reopen by 2020

Dayton Daily News

06/18/2018

Port Authority to boost Arcade improvements, save project $1M

Dayton Daily News

08/28/2018

Dayton Arcade project to get $1M boost fromMontgomery County

Dayton Daily News

08/28/2018

Montgomery County Commission approves $1 million for Dayton Arcade

2 NEWS/ WDTN.COM

08/30/2018

Montgomery County approves $1M for Dayton Arcade project

Dayton Business Journal

09/07/2018

Two Ohio cities illustrate a growing divide between the old and new economy

NBC NEWS

09/27/2018

EXCLUSIVE: Major changes announced by 27-year-old downtown arts institution

Springfield News-Sun

11/13/2018

Dayton Arcade buildings in developer’s hands

Dayton Daily News

12/05/2018

Tenant agreements, financial closing imminent for Dayton Arcade project

Dayton Business Journal