Company reportedly buying downtown Dayton PNC bank building

Published: Friday, October 06, 2017 @ 11:25 AM


            Quebec-based Olymbec reportedly will buy the PNC bank building at 6 N. Main St. STAFF/CORNELIUS FROLIK
Quebec-based Olymbec reportedly will buy the PNC bank building at 6 N. Main St. STAFF/CORNELIUS FROLIK

A Canadian company that bought and quickly filled an underused office tower in downtown Dayton is looking to expand its presence in the urban core.

Quebec-based Olymbec reportedly told a group of people Thursday that it is buying the PNC bank building at 6 N. Main St., which the financial company vacated when it moved into a new office building in the Water Street District.

MORE: Dayton, Cincy team up for bid on Amazon’s new $5B headquarters

A company representative made the announcement Thursday during a downtown development tour, according to multiple people who attended the event. The PNC signage on the front of the building was removed Thursday.

This news organization has contacted Olymbec to seek comments.

The PNC Bank building only has a few tenants remaining, including CityWide, Business Furniture and law firm Bieser, Greer & Landis LLP.

The seven-story building, which opened in 1981, was designed by I. M. Pei, a famous Chinese American architect whose other work includes the famous glass and metal pyramid entrance at the Louvre Museum in Paris, France, and the JFK Library in Massachusetts.

The seven-story PNC Bank building, once the Gem Savings building, has a massive atrium and many rows of windows that face Courthouse Square.

“It’s the most functional office building in town and the best downtown office building and it’s beautiful architecturally,” said David Greer, partner with Bieser, Greer & Landis.

RELATED: Hundreds of jobs moving to downtown fuels confidence in office market

Olymbec purchased the 11-story 111 W. First St. office tower in 2016 with plans to renovate the building to attract new tenants.

That acquisition paid off when Taylor Communications — formerly Standard Register — agreed to lease eight floors of the building to move 500 or more employees into the Central Business District.

Earlier this year, Olymbec’s vice president of leasing Michael Matthews told this newspaper that his company was bullish on downtown and was looking to buy more properties.

RELATED: Taylor Communications to move hundreds of workers downtown

Office buildings in Dayton are cheap to buy, and new and successful housing downtown points to continued urban renewal, he said.

“We think the arrow is pointing up for Dayton,” Matthews said.

Company moves to begin construction on marijuana lab in Yellow Springs

Published: Thursday, December 14, 2017 @ 12:07 PM

Yellow Springs Cresco Labs groundbreaking for first medical marijuana plant

The village of Yellow Springs is among the first Ohio communities to see the beginning of construction on a medical marijuana facility, and while officials are excited about the new business, it’s unclear how the industry could be impacted if Ohio voters approve of recreational use of the drug in November.

RELATED: Springfield, Yellow Springs to get large marijuana growing operations

Cresco Labs Ohio LLC and several village leaders and residents gathered for the groundbreaking on a cold Thursday morning in the cornfield next to Antioch University.

“This is a long time in the making, actually getting this property developed, but more importantly the group that’s going to be developing here is Cresco Labs out of Illinois,” Village Council President Karen Wintrow told the crowd. “

RELATED: Medical marijuana grow site in Clark County on state application list

Cresco Labs Ohio LLC and several village leaders and residents gathered for the groundbreaking on a cold Thursday morning in the cornfield next to Antioch University.

“This is a long time in the making, actually getting this property developed, but more importantly the group that’s going to be developing here is Cresco Labs out of Illinois,” Village Council President Karen Wintrow told the crowd. “

We are covering the ground breaking and will update this story as more information becomes available.

Cresco Labs Ohio LLC and several village leaders and residents gathered for the groundbreaking on a cold Thursday morning in the cornfield next to Antioch University.

“This is a long time in the making, actually getting this property developed, but more importantly the group that’s going to be developing here is Cresco Labs out of Illinois,” Village Council President Karen Wintrow told the crowd. “

They’ve been great partners so far in working with us … It’s going to be a great economic development opportunity. Jobs for the community, a lot of recognition. We just couldn’t be happier.”

Wintrow said the facility is expected to initially provide about 25 jobs for local residents, and that number could double as Cresco plans to seek approval for a medical marijuana processing facility at the same site.

“Yellow Springs was founded on wellness,” Wintrow said. “People came to the yellow spring in Glen Helen for the healing waters so the idea of a wellness company, a health company, being here is a perfect fit. This facility is going to be sitting adjacent to farm fields in an area that we have really identified that we want to remain agriculture.”

There are more than 20 acres still to be developed at the site. Cresco has agreed to pay for the infrastructure to the site, which includes building roads, installing water, sewer and electric service, said Village Manager Patti Bates.

In June, village officials visited Cresco’s facilities in Illinois. Bates said seeing how Cresco operates allayed any concerns they had regarding the security of the facility to be built off East Enon Road.

“It’s an amazing building they have and the way that they run the different agents of the plant in different sections of the building, it’s pretty impressive,” Bates said.

Charles Bachtell, CEO of Cresco Labs, told the crowd it’s “a big day” for the patients of Ohio, for Yellow Springs and for Cresco Labs.

“The Ohio medical marijuana program is arguably one of the most balanced and best-structured programs that this industry has seen,” Bachtell said. “They did a phenomenal job in taking a look at existing markets around the country that do true medical marijuana programs really well. They took some of the best parts from each of them and they tweaked some of the parts that may have neededa little redoing.”

Not being from Ohio, Bechtell said Cresco officials were not aware of the history of Yellow Springs and its reputation as being a progressive community.

“At the end of the day this program exists for one purpose — To bring a new type of medicine to patients in the state of Ohio,” he said.

Those who were the driving force behind the failed 2015 marijuana legalization issue in Ohio are now backing a plan to put an issue on the November ballot that, if approved by the voters, would make marijuana legal for recreational use.

Bachtell said it’s not clear how his business could be impacted if Ohio voters approve a ballot issue in November that would make marijuana legal for recreational use in the state.

“Honestly we haven’t given it much thought,” he said. “We are a medical cannabis operator and currently we operate only in medical programs. We’ve evaluated Ohio for about a year as a medical program so that’s what we’re focused on right now.”

Michael Ferguson, a military veteran and lifelong Yellow Springs resident, said he is trying to educate fellow veterans about the process of getting access to medical marijuana.

Ferguson said veterans can get a prescription for it through a doctor outside of the VA healthcare system. Ferguson said he’s in favor of making marijuana legal for recreational use, in-part because it would eliminate the problem of drug testing while in a chronic pain program.

“If a veteran takes cannabis for pain and gets drug-tested, then they can take away all his medications,” Ferguson said.

Another veteran, John Helpling, attended the event. Helpling said he’s spent 21 years in the military and served during Desert Shield, Desert Storm as well as Operation Iraqi Freedom. He said now suffers from peripheral myopathy, a painful condition of nerve damage as a result of the surgery he had done on his back.

Helpling said he suffers from chronic pain and the nerve pills he’s been prescribed don’t do enough to ease the pain.

“It’s like a Catch 22 situation right now,” he said. “Medical marijuana is legalized but they say you’re supposed to have an authorized recommendation from a doctor.”

Helpling said he’s not willing to risk getting marijuana from the “black market.”

“You can find it easily, but it’s all black market,” he said. “It’s not regulated. It’s not controlled for purity or quality, and you don’t know what they might mix into it or spray on it. Anything off the street is bad news. I stay away from all that.”

Net neutrality vote: FCC OKs repeal of Obama-era rules

Published: Thursday, December 14, 2017 @ 1:16 PM
Updated: Thursday, December 14, 2017 @ 1:21 PM

Understanding Net Neutrality

The Federal Communications Commission voted 3-2 on Thursday to repeal Obama-era net neutrality rules meant to stop broadband companies from exercising more control over what people watch and see on the internet.

>> Read more trending news

FCC Chairman Ajit Pai, who put forth the planned repeal and voted in favor of it Thursday, said it “certainly wasn’t heavy-handed government regulation” that made the internet the “greatest free-market innovation in history.” 

>> Related: State attorneys general ask FCC to delay net neutrality vote

“Quite simply, we are restoring the light-touch framework that has governed the internet for most of its existence,” he said.

Keowee Street bridge closing delayed

Published: Thursday, December 14, 2017 @ 2:19 PM


            An artist’s rendering depicts the new Keowee Street bridge over the Great Miami River. SUBMITTED
An artist’s rendering depicts the new Keowee Street bridge over the Great Miami River. SUBMITTED

Closing of the Keowee Street bridge in Dayton so that work can begin on replacing it has been delayed until January, according to a release from Montgomery County officials.

RELATED: City plans opening of new $6 million Helena Street bridge

The bridge had initially been expected to close Monday.

The Keowee Street bridge closing is dependent upon the reopening of the Helena Street bridge.

A ceremony to commemorate the reopening of the Helena Street Bridge is scheduled for today, but opening to traffic will be delayed until next week. No specific date has been provided.

MORE: County’s highest property values? Washington Twp. now tops Kettering

The Keowee Street bridge is providing a detour route for the Helena Street bridge and will now close on Jan. 2, according to the county.

Fire claims male’s life in New Miami

Published: Thursday, December 14, 2017 @ 8:40 AM
Updated: Thursday, December 14, 2017 @ 10:48 AM

New Miami Fatal House Fire

UPDATE @ 10:20 a.m.

A frantic call was placed today by the niece of a man killed in a house fire this morning stating her was disabled in inside the ranch home.

“The house across the street is on fire,” the woman told 911 0perators. When the dispatcher asked if anyone was inside, she replied, ” Yeah, my uncle … he is disabled, he only has one leg.”

The woman said her uncle was in the bedroom.

“Just please hurry,” she said while crying.

Fatal house fire in St. Clair Township

UPDATE @ 9:20 a.m.

A male who died in a fire this morning in the New Miami was found by first responders in the front room of the residence on Tecumseh Drive, according to the Butler County Sheriff’s Office.

Preliminary investigation appears that the fire originated in the front room but the exact cause is unknown at this time. The State Fire Marshal’s Office has been called to the scene .

INITIAL REPORT

A fatal fire in New Miami has claimed the life of one person this morning, according to Butler County dispatchers.

The fire broke out on Tecumseh Drive just after 7 a.m. Thursday. Dispatchers said emergency crews are still on the scene but no other information is available.