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.”