DAYTON, Ohio (WDTN) — A developer is looking to turn an old hotel in Dayton into apartments, and he has big plans for retail space.
Located on the corner of South Ludlow Street and West Third, the former Algonquin Hotel could soon house new apartments and 16,000 square feet of retail space. Revive Living Development LLC partner Simon Burgess said it was just one of seven properties across the country chosen for this type of project. He said they were impressed with the city of Dayton and excited to work in such a historic building.
In addition to 103 new apartments, Burgess said they are looking to build “Roar”, which will have a boutique bowling alley, and JL Caspers Prohibition Steakhouse which has a 1920s speakeasy theme.
Jessica Sands, public relations and marketing manager for Downtown Dayton Partnership, said the development is good news for the city.
“It’s kind of a chain reaction because more housing means more business, more business means more interest coming downtown and more housing, so it’s really going to continue to grow centrally. -city,” Sands said.
The potential increase in foot traffic will be a boost for nearby businesses, like Spaghetti Warehouse.
“We are happy for them. We’re willing and ready, so I’m looking forward to it. I think it’s going to be amazing for downtown and I think it’s going to be amazing for us,” said Cheri Whitfield, a waitress at the restaurant.
The project should also create dozens of jobs. Sands said this is just another step in revitalizing downtown Dayton.
“It means there’s just a desire to be downtown right now. I believe the occupancy rate is around 97% right now, and there are so many projects still going on. People are really excited to be downtown and I think that’s going to really continue to fuel the excitement. The more people, the more people, the more people will want to come,” Sands said.
Burgess said they hoped to receive a state historic preservation tax credit. Without that credit, Burgess said the project could not move forward.
Burgess also said he and his team are already in negotiations to bring EST EST EST, an Italian restaurant, to Dayton.
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