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Published: Monday, March 05, 2018 @ 6:22 PM
Updated: Tuesday, March 06, 2018 @ 12:53 PM
— It’s the words some people have waited nearly three decades to hear: The Dayton Arcade is going to reopen.
The project is not in doubt, says Cross Street Partners, the project’s lead developer: It’s definitely happening.
Though previous proposals to revitalize the arcade fizzled out, Cross Street Partners has never had a project progress to this point and not finish, said Bill Struever, principal of Cross Street Partners.
“We’re way too pregnant,” said Struever.
Last week, this newspaper broke the news that Miller-Valentine Group, one of the largest commercial real estate developers in the region, has pulled out of a project to create new housing in the Dayton Arcade, electing to take a back seat from efforts to revitalize the famed complex.
But two big players in urban redevelopment — Cincinnati-based Model Group and St. Louis-based McCormack Baron Salazar — have signed on as partners on the arcade, and Struever says they are better suited for the work.
Model Group and McCormack Baron Salazar are “powerhouses” in tax credit investments and new market or historic reuse projects that have large extensive experience completing large and complicated projects, he said.
There are always things that could still go wrong with the arcade project, Struever said: Like any project, tenants can pull out, leasing can hit a snag and construction can face delays.
But the arcade is headed toward a closing on financing in July, with construction beginning soon after, he said.
“Things changed with Miller-Valentine — that’s unfortunate — but we roll with it and we have a terrific team,” Struever said.
Miller-Valentine Group has withdrawn from the housing component of the Dayton arcade. The company said it will be involved in the leasing of the commercial component and continues to work with Cross Street on multiple capital raising initiatives.
The departure has not signficantly impacted the project, except the partners’ plans now include expanding the arts component of the arcade and modifying the mix of units on the residential side, officials said.
Some amenity space in the basement of the Fourth Street building will be turned into artists’ studio space.
Model Group had a lead role in transforming the Over-the-Rhine (OTR) neighborhood in Cincinnati from a riot-damaged wasteland, featuring vacant and crumbling buildings, into one of the hottest destinations in the Queen City.
In the 2000s, the company helped clean-up the neighborhood, which struggled with blight and crime, by restoring 73 historic buildings and creating 383 units of affordable, “high-quality” housing.
Since 2006, more than 175 new businesses have opened in the neighborhood.
Model Group’s investment in Over-the-Rhine alone is north of $200 million. The firm has completed more than $500 million in development in Ohio, Kentucky and Indiana.
The Model Group has been one of the most active historic tax credit developers and general contractors in the state the last 15 years, said Bobby Maly, principal of the firm.
The project, which opened in the 1990s, turned the downtown YMCA tower into about 59 apartments as well as townhouses and apartments between West Monument and the Great Miami River. There are 233 apartments in total.
McCormack Baron Salazar has developed 195 projects in 46 cities in 26 states and U.S. Territories, including 21,290 housing units and 1.2 million square feet of commercial space, with development costs of $3.9 billion.
Published: Tuesday, March 20, 2018 @ 11:34 AM
Updated: Tuesday, March 20, 2018 @ 11:34 AM
GREAT MILLS, Md. — A student who opened fire on a classmate at Maryland’s Great Mills High School died Tuesday morning after injuring two people, St. Mary’s County Sheriff Tim Cameron said at a news conference.
There has been a Shooting at Great Mills High School. The school is on lock down the event is contained, the Sheriff's office is on the scene additional information to follow.— SMCPS_MD (@SMCPS_MD) March 20, 2018
Parents/Guardians should go to Leonardtown HS for reunification with GMHS students
Published: Thursday, March 15, 2018 @ 12:33 PM
— 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.
“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.
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.
Published: Tuesday, March 13, 2018 @ 2:31 PM
Satz said he filed a "notice of intent to seek death" in the 17 first-degree murder counts stemming from the Feb. 14 rampage at Marjory Stoneman Douglas High School that left 14 students and three adults dead.
Cruz is also charged with attempted murder in the shootings of 17 others who survived.
Cruz is scheduled for an arraignment Wednesday on the murder and attempted murder charges.
Cruz offered to plead guilty to the charges several weeks ago if prosecutors removed the death penalty from the table.
If he does reach a plea deal with prosecutors, the only other option for Cruz is life in prison without the possibility of parole.
The Associated Press contributed to this report.
Published: Friday, March 09, 2018 @ 11:19 AM
Two well-known pastors have submitted petitions to run for the open Dayton City Commission seat in a special May election.
No other candidates filed petitions by Friday’s deadline.
Daryl Ward, the senior pastor at Omega Baptist Church, and Darryl Fairchild, manager of chaplain services at Dayton Children’s Hospital, filed petitions to try to replace Commissioner Joey Williams, who resigned last month.
To appear on the ballot, candidates needed to collect 500 valid signatures of Dayton electors and submit them to the Montgomery County Board of Elections. The deadline to file was end of business hours Friday.
Ward turned in a petition with 1,441 signatures earlier this month. Fairchild’s petition, which he submitted Friday morning, contained 1,430 signatures.
Ward, senior pastor at Omega Baptist Church, said he feels really encouraged by the amount of support the community has already shown him when he was out collecting signatures and starting to campaign.
“It’s been a wonderful thing, and I’ve already learned things about Dayton I didn’t know,” he said.
He said he believes he can make a difference but will have to show voters that he’s sincere and truly cares about making the community a better place.
Ward said he is looking forward to hitting the streets and talking to people about the challenges facing Dayton and what they think the city can do to improve people’s lives.
“We’ve got to face challenges together — it’s going to take all of us,” he said.
Fairchild said he’s battle tested and has good name recognition since this will be the third time in four years that he has run for a commission seat. He narrowly lost a seat to newcomer Chris Shaw in 2015, but was defeated by a much larger margin by incumbent commissioners Joey Williams and Jeff Mims Jr. last year.
Fairchild, who has known Ward for 30 years and was his student at United Theological Seminary, said he’s a little surprised Ward chose to run against him.
But Fairchild said they are friends and colleagues and he views Ward as a mentor.
“But we’re both athletes too, and we don’t shy away from competition,” Fairchild said. “We value the democratic process, and this is an opportunity for us to share our visions and put out our best ideas for the city and let the voters choose.”
Fairchild said he approved when a friend described him as “a political gym rat.”
Williams decided to step down just four months into his fifth term. Williams said his travel schedule with his new job kept meant he was too busy to give his commission responsibilities the attention they deserve.