The five-story building at 52 S. Jefferson St. will lose the distinct beige panels that cover it over the next 12 to 18 months as The Ellway Group rehabilitates the building's top floors into a bar and a hotel. The namesake Price Stores shop will stay open on the ground space and part of the second floor, said Ellway principal Greg McCluskey.
The building that holds the Price Stores was sold earlier this week to an investor, but the iconic Dayton store isn’t going anywhere.
The retail structure, located at 52 S. Jefferson St. in downtown Dayton, sold for approximately $550,000, according to county property records. Edd Wimsatt, owner of Price Stores, said it was the right time to sell the building to an investor who is interested in revamping and developing downtown Dayton.
Price Stores, which has been in business for more than 60 years, will now lease the same space within the building. The business sells suits, tuxedos and other clothing accessories for men.
“The building is an important icon to Dayton,” Wimsatt said. “It’s important people know Price Stores isn’t going anywhere.”
Last week, the Dayton Business Journal (@dbjnews) presented an exclusive 4 part series introducing the plans for downtown Dayton's Fire Blocks District (@fireblocksdistrict).
Below is the full article by Tristan Navera. (@TNaveraDBJ)
Turning 100 years old this year, the Dickey Building at 100-124 E. Third St. is targeted for redevelopment with modern office concepts amid the larger revival of the buildings around it into mixed-use residential space. But the long-time downtown office building is a key part of the puzzle, developers say.
The 72,000-square-foot Dickey building has 56,000 square feet of commercial space on the second through fifth floors, as well as 16,000 square feet of ground-floor retail and 16,000 square feet of basement space. The plan for the building calls for retail, art and culture, and service businesses, with upper floors open to creative service and technology companies with open office, flex-work and co-work spaces.
…ground-floor space into retail, lifestyle and wellness concepts, with the four upstairs floors converted to 68 urban lofts."Natural light and exposed natural materials will give these lofts a unique feel," Gibson said of the intent to rehabilitate the building… A half-acre rooftop park could adorn what developers are terming "the base of lifestyle development" in downtown Dayton's Fire Blocks project.
Redevelopment of the historic building at 100 E. Third St. is a part of the larger $100 million plan for the Fire Blocks District.
Currently, plans for the 37,500-square-foot building call for 20 apartments, 7,500 square feet of ground floor retail space, and a 6,000-square-foot penthouse rooftop with green space, as well as an 8,000-square-foot basement.
With years of anticipation built up, developers say an ambitious $100 million plan for the Fire Blocks District will transform a big sector of downtown Dayton in 2017.
The plan includes redeveloping nearly 400,000 square feet of space across two city blocks downtown, with nearly half of it dedicated to residential and hotel space, 150,000 square feet of street-level retail and restaurant space, and 100,000 square feet of office space, said Gibson, the CEO of the group.
Wells & Co. Custom Tattoo has set a date for the grand opening of its new shop in downtown Dayton.
Wells & Co. Custom Tattoo will likely become the first new retail tenant to open in the Fire Blocks entertainment and residential district planned for the 100 block of East Third Street in downtown Dayton.
The developers of the Fire Blocks District are buying another building along East Third Street and have now amassed the bulk of available commercial space in that area.
The Ellway Group bought a cluster of buildings along the 100 block of E. Third Street with the goal of creating a vibrant entertainment district offering housing and commercial and hospitality space.
Ellway Group partners said a Mexican food-type establishment with high-end tequilas is moving into the long-vacant storefront at 100 E. Third St., next to the space being renovated to expand the Century Bar.
When complete, Kette's will operate in a 2,000-square-foot space behind the Century and be about 600 square feet larger than that bar, Joseph Head, co-owner, told us in December.
Kette's will focus on mixology; Century Bar specializes in whisky and bourbon.
Elliot Katz, 45, and Winfield “Scott” Gibson, 38, have purchased commercial buildings in downtown Dayton with an eye on a new entertainment and living district, roughly corresponding to the “Fire Block” district — the area between 2nd and Fourth streets and Jefferson and St. Clair streets — so named because the area suffered a fire in the Great Flood of 1913.
A locally based record company moved to downtown Dayton and is one of the first tenants to move to a section of Third Street that was bought out by developers looking to revitalize the Fire Block.