After being pushed back multiple times, the long-awaited closing on financing for the Dayton Arcade is set to happen by late April, city of Dayton officials said Wednesday.
The city of Dayton commissioners were told today that an anchor tenant, which is a collaboration between the University of Dayton and the Entrepreneur’s Center, is expected to sign a lease for the Arcade next week.
Demolition and abatement has allowed for unprecedented access to the top of the iconic rotunda that serves as the focal point of the Dayton Arcade.
The last building in the historic Dayton Arcade complex has been purchased by Dayton Arcade Partners. The arm of real-estate company Cross Street Partners has acquired the Kuhns building on Main Street for $1,283,586.
The developers behind the renewal of the Dayton Arcade have purchased the Benjamin F. Kuhns building downtown.
The developers of the Dayton Arcade project now own all of the buildings in the downtown complex.
Dayton, Ohio epitomised the hard times on which dozens of industrial midwest American cities had fallen. A manufacturing powerhouse until the 1980s, the city of 100,000 people nestled in western Ohio lost almost half its population between 1960 and 2010.