Blog/News

MVG_Nuvasive_023

NuVasive Expands Locally

When San Diego-based medical device company NuVasive wanted to expand operations with a state-of-the-art manufacturing facility, its Fairborn site lacked the flexibility needed for growth. Miller-Valentine Group’s team of experts stepped into the fray, providing NuVasive with a real estate solution that empowered the manufacturer to make the most time- and cost-effective choice; one that not only saved the existing jobs but will bring an additional 200 jobs to our region. How did NuVasive reach its decision? Denny Whitehead, Miller-Valentine Group senior vice president in the Dayton market attributes the site selection to the combined efforts of local government officials who put forward attractive incentives to keep NuVasive in the region, as well as the collaboration among Miller-Valentine’s brokerage, construction, development, and property management teams. Miller-Valentine structured a team to meet NuVasive’s budget as well as tackle an aggressive time-frame to complete the new manufacturing facility. Gerry Smith, senior vice president, Miller-Valentine Group Realty Services, assessed their needs, pinpointing three potential sites suitable for renovation.  The construction group conducted a renovation vs. new construction cost analyses, and the property management professionals weighed in, helping to narrow the choice.  Based on a combination of the estimated renovation costs along with long-term (more)

Lofts_at_St_Josephs

Lofts at St. Joseph’s – Open House

Miller-Valentine Group and TRI-CAP are excited to offer a look into their newest apartment community, The Lofts at St. Joseph’s, which was built exclusively for adults 55 and over.  The Open House will be held on Thursday, August 4, 2016 from 10:00am – 3:00pm at The Lofts at St. Joseph’s located at 1900 Medical Arts Boulevard, Huntingburg, Indiana, 47542. During the open house, Miller-Valentine Group will showcase their latest community, The Lofts at St. Joseph’s. Guests will have the opportunity to tour the former “St. Joseph’s Hospital” building which has been transformed into 45 one and two bedroom apartment homes designed to serve adults 55 and over who desire high-quality affordable rental housing. This pet friendly community features amenities you would expect to find in a luxury community at an affordable price: elevator access, a fully-equipped gourmet kitchen with brand new energy-efficient appliances, pantry, and breakfast bar/island; oversized bathrooms, central air conditioning, exceptional closet space, and a laundry room which includes full-size washer/dryer connections, and plenty of extra storage! The Lofts at St. Joseph’s features several other amenities which separate them from their local competition; a fitness center, media room, business center, and a large multi-purpose community room with a (more)

OSV Building

Park Lofts at Huntington Apartments – Open House

Miller-Valentine Group is excited to offer a look into their newest apartment community, Park Lofts at Huntington Apartments, which was built exclusively for adults 55 and over.  The Open House will be held on Thursday, August 4, 2016 from 10:00am – 3:00pm at Park Lofts at Huntington located at 41 East Park Drive, Huntington, Indiana, 46750. During the open house, Miller-Valentine Group will showcase their beautiful, brand new community, Park Lofts at Huntington. Guests will have the opportunity to tour the former “Our Sunday Visitor” building which has been transformed into 32 one- and two-bedroom apartment homes designed to serve adults 55 and over who desire high-quality affordable rental housing. This pet-friendly community features amenities you would expect to find in a luxury community at an affordable price: elevator access, energy-efficient design and appliances, oversized bathrooms, central air conditioning, exceptional closet space, and a laundry room which includes a washer and dryer, and plenty of extra storage! Park Lofts at Huntington features several other amenities which separate them from their local competition; a fitness center, media/gaming room, business center, and a large multi-purpose community room with a kitchen and dining area allowing residents to enjoy the companionship of family and (more)

Morton Estates

Morton Estates, a New Apartment Community Exclusively for Adults 55+, Now Open

Miller-Valentine Group, St. Mary Development Corporation and METEC are proud to announce that Morton Estates, their newest apartment community exclusively for adults 55 and over, is now open! Conveniently located at 935 East Jefferson Street, at the site of the former Restmor Nursing Home, Morton Estates  gives residents easy access to a variety of services, health care, shopping, restaurants, entertainment, and city parks. With a fun community and great location, Morton Estates is filling up quickly. Brian McGeady, Partner & President of Miller-Valentine Affordable Housing Development, says “after being in business for over 50 years, Miller-Valentine Group continues to be honored to bring high-quality affordable housing to those who need it most.  It is our privilege to enhance the quality of living and give our residents peace of mind while living at Morton Estates.” This pet-friendly, maintenance-free community of 61 one and two bedroom apartment homes features modern amenities at an affordable price: a fully-equipped gourmet kitchen, brand new energy-efficient appliances, exceptional closet space, oversized bathroom, central air conditioning, and a laundry room which includes a full-size washer and dryer! Creating an active lifestyle for its residents, the community will include a large multipurpose room, fitness center, theater/media room, and (more)

Fairway Breeze Rendering

Galena Estates — Our Doors are Now Open!

Miller-Valentine Group is proud to announce that Galena Estates, their newest affordable apartment home community, is now open! Located at 1910 East Village Circle, near the intersection of State Line Road & Historic Route 66, Galena Estates gives residents easy access to a variety of services; health care, shopping, restaurants, entertainment, and city parks. With a fun community and great location, Galena Estates is filling up quickly. Brian McGeady, Partner & President of Miller-Valentine Affordable Housing Development, said that the company is excited to help the economy and bring its dedicated expertise in high quality, affordable housing to the area. McGeady explained, “Galena Estates allows Miller-Valentine Group to provide outstanding, brand new homes to an area that needs them. We are enthusiastic and privileged to serve the City of Galena and prove to them that our passion is to positively impact their lives.” This pet-friendly community of 40 two and three bedroom apartment homes features contemporary floor plans with modern amenities at an affordable price: a fully-equipped gourmet kitchen with brand new energy-efficient appliances, private balcony or patio, exceptional closet space, central air conditioning, and a laundry room which includes a full-size washer and dryer! Creating an active lifestyle for (more)

Safety

Celebrating On-the-Job Safety

In June, Miller-Valentine Construction hit a milestone date six years in the making… 1,000,000 hours worked Accident Free!  It’s clear that safety is a priority at Miller-Valentine, and of daily significance on job sites and in the office. Bill Burke, Safety Director, leads the safety program for Miller-Valentine Construction.  Burke, a 22-year industry veteran, and certified OSHA outreach instructor is responsible for reviewing and implementing safety tactics to ensure all Associates return home safe at the end of the day.  However, ensuring a strong safety program is in place and carried out is not a one man job.  According to Bill, “Our Associates are the reason for our success. Everyone at the company has a stake in safety.” Management constantly challenges all Associates to apply, train, inspect and monitor safety practices in order to ensure safety on construction job sites.”  Making Workplace Safety Part of the Corporate Culture Achieving an outstanding safety record comes as a result of hard work. When the Occupational Safety and Health Act of 1970 was passed by Congress, the intent was “to assure so far as possible every working man and woman in the Nation safe and healthful working conditions and to preserve our human resources (more)

Dayton Market Update

Top Headlines Impacting Commercial Real Estate in Dayton from 7/6 – 7/15/16

Below is a brief summary of the leading commercial real estate news articles for the Dayton region from July 6 – July 15, 2016. Sign up here to have these informative summaries sent directly to your inbox on a biweekly basis. July 6, 2016 Apartments in Huber Heights sell for $4.9M Wayne Estates, a 158-unit apartment complex, sold for $4.9M. The apartment building is located about a mile south of the Brandt Pike Interstate 70 interchange. July 7, 2016 Randall Residence in Tipp City buys out investors for $15.9M The operator of the 80-unit assisted living center in Tipp City bought out its investors for $15.9M. The assisted living center opened three years ago. New retail center coming to Beavercreek The new 35,000-square-foot retail center will be anchored by an Aldi, which will occupy 18,500 SF. The new building will be located at the northeast corner of North Fairfield Road and Lakeview Drive. Tri-Tech Associates Inc. purchased new headquarters in Washington Township for $850,000 Tri-Tech Associates Inc., a Beavercreek engineering firm, is planning to expand by moving into a new space that is three times the size of its current location. The new 14,000-square-foot location at 1785 S. Metro Parkway (more)

Residences at Eagle Pointe Building Exterior

Former Eaton High School to be Transformed

Miller-Valentine Group, St. Mary Development Corporation and the H.I.T. Foundation are proud to announce the development of their newest apartment home community, Residences at Eagles Point, located at 307 North Cherry Street in Eaton, Ohio. The pet-friendly community involves the adaptive reuse of the former Eaton High School, which will include 40 affordable residential apartments as well as community space. The former auditorium, cafeteria and gymnasium areas of the building will be rehabilitated for public use. Residences at Eagles Point is now accepting applications, and plans to open its doors in January 2017.  This beautiful, brand new community of one, two and three bedroom apartment homes will serve families who desire high-quality, affordable rental housing. Future residents will enjoy amenities you would expect to find in an upscale home, at an affordable price: a fully-equipped gourmet kitchen with brand new energy-efficient appliances, exceptional closet space, central air conditioning, and a laundry room which includes full-size washer/dryer connections. Residences at Eagles Point will offer several other amenities which separate them from their local competition; a business center, media room, fitness center and community room with a kitchen and dining area, where residents can enjoy the companionship of friends and family. Unlike other (more)

Heroes Fighting Hunger

Miller-Valentine Group goes to the Movies Fighting Hunger

Once again, Miller-Valentine Group Associates carried out one of its fundamental corporate beliefs; the commitment to being a model corporate citizen in the communities we serve. “Helping Hands”, the Miller-Valentine program providing opportunities for Associates to engage in community service, held a food drive for the benefit of the Dayton Foodbank and Mason Food Pantry. Rather than simply collecting food items for the community, a friendly competition encouraging departments to build “movie themed” images was implemented throughout the company. Structures were assembled representing both older and newer movies, including Jaws, Ghostbusters, Batman vs. Superman, Up, Wizard of Oz, Star Wars, San Andreas, and Captain America (see them all here). The food drive and the competition were very successful, with the local community being the ultimate winner: Dayton Foodbank: 1,062 cans donated 1,191 pounds Mason Food Pantry: 2,213 items donated (2,021 were cans) Approximately 3,050 pounds Company totals: 3,275 items donated weighing 4,241 pounds (approximately 2 tons) This is the 3rd year Associates have participated in the friendly and successful competition. In 2015 over 3,000 food items were donated. Click here for further information on Miller-Valentine Group Community Involvement.

Lofts_at_St_Josephs

New Adult Community Now Open in Huntingburg, Indiana

Huntingburg, Indiana – Miller-Valentine Group and TRI-CAP are proud to announce that The Lofts at St. Joseph’s, their newest apartment community exclusively for adults 55 and over, is now open. Conveniently located at 1900 Medical Arts Boulevard, the site of the former St. Joseph’s Hospital, The Lofts at St. Joseph’s gives residents easy access to a variety of services, health care, shopping, restaurants, entertainment, and city parks. With a fun community and great location, The Lofts at St. Joseph’s is filling up quickly. Brian McGeady, Partner & President of Miller-Valentine Affordable Housing Development, says “after being in business for over 50 years, Miller-Valentine Group continues to be honored to bring high-quality affordable housing to those who need it most.  It is our privilege to enhance the quality of living and give our residents peace of mind while living at The Lofts at St. Joseph’s.” This pet-friendly, maintenance-free community of 45 one and two bedroom apartment homes features modern amenities at an affordable price: elevator access, a fully-equipped gourmet kitchen with brand new energy-efficient appliances, pantry, and breakfast bar/island; oversized bathrooms, central air conditioning, exceptional closet space, and a laundry room which includes full-size washer/dryer connections, and plenty of extra storage! (more)

Dayton Industrial Market Vacancies

Dayton Industrial Market Continues to Improve

The Dayton industrial market continues to make significant gains. Over the past year, the vacancy rate dropped to 12.22% from a reported figure of 13.96% in 2015. The industrial market has not reached rates this low since the early 2000s. The Upper Valley continues to lead the Dayton submarkets with a 4.92% vacancy rate, followed by East Dayton at 7.45% and North Dayton at 10.18%.  The South Dayton market showed the greatest % improvement in 2016, absorbing over 300,000 sqft. of space. Now that quality space is limited, the Dayton industrial market is getting much tighter. Sale prices are continuing to rise and landlords are requiring longer lease terms at higher rates. The continued increase in construction pricing is further fueling the competition among tenants/buyers to find quality space at a reasonable rate. This increasing demand against an insufficient supply of class “A” industrial space will spur more build-to-suit projects in the region.

Featured Video Play Icon

Atlas Commerce Center Breaks Ground on 2nd Building

  A second, 67,500 SF speculative warehouse building is now under construction within the Atlas Commerce Center’s multi-phased development located in Palmetto Commerce Park, the premier industrial park in the Greater Charleston, SC region. The facility is geared towards smaller tenants looking for Class “A” industrial space, set to be subdivided into minimum 7,500 SF users. Construction of the facility will be complete by the end of 2016. “Miller-Valentine is pleased to continue our relationship with Atlas Capital Group providing complete Design-Build turnkey construction services for their continued growth” said Steve Koewler, President Miller-Valentine Group Southeast.  “Phase I was a complete success and we are well on our way on Phase II.” There is a great demand for this type of space, as evidenced by the robust leasing activity for the recently completed building.  Atlas Commerce Center welcomes tenants including Belimed Inc., Labinal Power Systems (part of the Safran Group), and most recently Feyen Zylstra. With little space available in the first building, the leasing of space in the 2nd facility is expected to yield the same results. Palmetto Commerce Park is the home to companies such as Daimler, Boeing, Cummings, Lineage Logistics, TIGHITCO, and Venture Aerobearings. “Atlas Commerce Center (more)

Golden Shovel

Ohio Earns Gold Shovel Award with Industrial Building Construction Projects

Each year, Area Development magazine sponsors Gold and Silver Shovel Awards to acknowledge states that excel at attracting investment for job creation. By evaluating states’ top-10 job-creation and investment projects based on a variety of factors, including new jobs created relative to population size and diversity of industries represented, among others. Competition this year, says Area Development, was fierce. In an article announcing the winners, the publication said, “States and localities understandably have raised their general expectations with the U.S. economy generating stronger growth prospects, confidence in American manufacturing on the rise, and a number of high-profile siting, expansion, and relocation decisions fueling economic development pursuits.” And Ohio was one of the select few to earn Gold Shovel recognition in the population of 8- to 12-million category—and two Miller-Valentine Group industrial building construction projects helped Ohio secure the win. Fuyao Glass America Expansion Adds 750 Jobs in Moraine One of the projects that played a role in securing the Gold Shovel is the $130 million expansion of the manufacturing facility for automotive windshields. Miller-Valentine Group was selected to lead the construction project, having worked on renovations to the former General Motors plant in the past. Miller-Valentine Construction was hired as (more)

Newton Place Apartments

Miller-Valentine Group Among National Leaders In Affordable Housing Development

Miller-Valentine Group completed 610 affordable housing units in 2015 and started 419 more, ranking among the 15 most successful affordable housing developers in the U.S. last year and tracking toward a top-10 ranking for 2016. Those 419 housing unit starts ranked 14th nationally according to Affordable Housing Finance magazine, but only six firms in the top 13 completed as many developments last year as Miller-Valentine. “The robust pipeline reflects well on our growth strategy in the affordable housing market, but more importantly it indicates a continued need for quality affordable housing across the country,” said Brian McGeady, President, Affordable Housing Development for Miller-Valentine Group. “We are proud to offer housing that not only meets the highest quality and construction standards, but also provides affordable places to live for hard-working individuals and families who can’t afford market-rate rent.” Miller-Valentine Group entered the affordable housing market a few years after the 1986 introduction of the federal government’s Low-Income Housing Tax Credit program. The company eventually leveraged strategic geographic expansion – moving into 11 new states just since 2005 – to grow into one of the country’s top developers. Recent expansion west into Texas and Oklahoma and south into Georgia increased Miller-Valentine’s footprint (more)

15 12-7 Elevations 24x36

Miller-Valentine Group & East Liverpool Community Partnership for Revitalization Announce Ground Breaking of Market Street Lofts

Miller-Valentine Group and East Liverpool Community Partnership for Revitalization (ELCPR) are proud to announce, in conjunction with their partner organizations, the Ground Breaking of Market Street Lofts, a brand new multifamily apartment community. The ceremony will take place at 10:00 am on Thursday, June 30, 2016, at the site of Market Street Lofts, located at the corner of West 5th Street and Market Street in East Liverpool, Ohio 43920. Miller-Valentine Group and East Liverpool Community Partnership for Revitalization, along with their partners; the Community Action Agency of Columbiana County, Federal Home Loan Bank of Cincinnati, City of East Liverpool, Columbiana County, Key Bank and National Development Council; are developing Market Street Lofts as a part of the Federal Affordable Housing Tax Credit Program.  The development will involve the demolition of multiple buildings along Market Street and Fifth Street. We are honored to have several distinguished speakers at this event, including Tim Ross, Eastern Ohio Regional Liaison, Ohio Governor John Kasich’s Office; Ryan Stovall, Mayor, City of East Liverpool; Pete Schwiegeraht, Senior Developer, Miller-Valentine Residential Development; Tom Andrews, Executive Director, Community Action Agency of Columbiana County; Tom Muth, Assistant Vice President – Member Relations, Federal Home Loan Bank of Cincinnati; Ben (more)

Dayton Market Update

Top Headlines Impacting Commercial Real Estate in Dayton from 6/8 – 6/20/16

Below is a brief summary of the leading commercial real estate news articles for the Dayton region from June 8 – June 20, 2016. Sign up here to have these informative summaries sent directly to your inbox on a biweekly basis. June 8, 2016 Former Bob Evans Restaurant to become DaVita dialysis center The 6,200-square-foot building at 5680 Salem Bend Dr. in Trotwood will be renovated to accommodate the 12-station dialysis center. DaVita hopes to open the new location in the fourth quarter of this year and plans to hire four to six people initially. June 10, 2016 Tuesday Morning expanding in Town & Country shopping center Tuesday Morning, a discount home goods retailer, will be adding 3,900 square feet for a total of 14,000 square feet. Town & Country, the 222,000-square-foot shopping center in Kettering, is still in the middle of a redevelopment that includes renovating its facade, adding T.J. Maxx and Petco, and expanding Trader Joe’s and Joseph A. Bank. Shops by Todd relocating headquarters to downtown Dayton The retail chain will be moving its headquarters to the Water Street District. Shops by Todd will occupy 2,700 square feet of office space on the second floor of 312 (more)

Dayton Apartment Market Report

Dayton Apartment Market Remains Hot 2016

Results from our 2016 Apartment Market Survey illustrate that the Dayton apartment market remains hot. The market continued to grow throughout 2015 and into 2016.  The overall vacancy rate for the apartment market dropped to 4.24% for the Greater Dayton Area and fell to 4.09% for the Dayton Region, which includes Upper Valley, Middletown, Franklin-Springboro, Springfield, and Xenia. Positive absorption trends were observed in both the Greater Dayton Area and Dayton Regional markets, with 290 new apartment units being absorbed in the Greater Dayton Area and 439 units in the Dayton Regional market. The Dayton CBD market remains the area’s tightest market with a vacancy rate at 2.74%, followed by the Dayton East, North and South markets. The regional market was led by the Upper Valley market, which had a vacancy rate of 1.75%. Download the 2016 Apartment Market Survey →

Beckett Farms Final Renderings_low res_5.12

Upscale Apartment Community Breaks Ground in Fort Mill, SC

Miller-Valentine Group is pleased to announce the development of Beckett Farms, an upscale apartment community located near the intersection of Gold Hill Road and Interstate 77 in Fort Mill, S.C. Covering 44 acres, Beckett Farms will offer 280 one-, two- and three-bedroom luxury apartments, including carriage units with garages underneath. Construction on Beckett Farms starts this month with the first units expected to be delivered by May 2017. “We’re thrilled to bring upscale apartment living to Fort Mill, with a farmhouse chic aesthetic,” said Rulick. “From the architecture to the interior design to the amenities, we wanted to thoughtfully create an apartment community that blended the pastoral setting of Fort Mill with the latest in luxury design.” Designed in a modern farmhouse style, Beckett Farms’ units contain upgraded wood-style flooring, farmhouse-inspired fixtures and lighting, and washers and dryers. The gourmet-style kitchens feature stainless steel appliances, granite countertops, freestanding islands and tiled backsplashes. All units include covered outdoor balconies and private garage spaces are available on a limited basis. The pool courtyard includes a salt water/mineral pool with sun shelves, private covered outdoor cabanas, palm trees, lounge chairs, tables and chairs with umbrellas, a gas fire pit lounge area, and an (more)

arcade-rendering-2

Dayton Arcade Renovation Ramps Up With Tax Credit Approval

The approval of $20 million in workforce/affordable housing tax credits through Ohio’s Affordable Housing Tax Credit Program triggered the next phase of the Dayton Arcade renovation project and cleared an important early funding hurdle for the project’s developers, Dayton-based Miller-Valentine Group, and Baltimore, Maryland-based Cross Street Partners. With the housing tax credit approved and additional funding anticipated, developers can move into active planning for construction that could begin as soon as January. “We still have a long way to go, but this is an important step in the process of bringing back to life this great building in the heart of Dayton,” said David Williams, Vice President, Urban Development, for Miller-Valentine Group. “This allows us to begin developing architectural drawings and move aggressively toward the start of construction early next year.” That work would begin with the renovation of two buildings and about 113,700 square feet of space along West Fourth Street, turning those buildings into affordable housing for creatives, such as artists, makers, engineers, chefs, musicians and tech entrepreneurs. That is the first phase of a massive project expected to include residential units consisting of both affordable and market rate, 70,000 square feet of retail space, 45-60,000 square feet (more)

IMG_0759

The Ins and Outs of Building Industrial Spec Buildings

Charleston, South Carolina is widely recognized as an American jewel replete with historic charm, cobblestone streets, and lush gardens. It’s also gained recognition as one of the most vibrant, livable cities in the U.S., offering a mild climate, beautiful ocean beaches, and coastal waterways, and access to top-notch universities and companies. No wonder Charleston falls in the top 20 for fastest-growing metropolitan areas in the country.  But it’s not just homes and offices that are popping up to meet the needs of the region. Industrial development and construction is also on the rise, thanks to an automotive and aerospace manufacturing boom in the state. Mercedes, which already has an assembly plant in the area, is expanding with the new construction of a manufacturing facility. In addition, Volvo is constructing its first U.S. plant in Charleston.  Boeing, which began investing in the region less than a decade ago, operates an assembly plant for building 787 Dreamliners in the area. Just last year, CNBC reported on the area’s remarkable growth, noting that Boeing has “… become a magnet for scores of aerospace suppliers.” With such growth, comes opportunity, which is exactly what encouraged one 75-year-old real estate family to build the Atlas (more)

Dayton Market Update

Top Headlines Impacting Commercial Real Estate in Dayton

Below is a brief summary of the leading commercial real estate news articles for the Dayton region from May 26 – June 3, 2016. Sign up here to have these informative summaries sent directly to your inbox on a biweekly basis. May 26, 2016 US Aeroteam looking to move into former Moraine GM plant US Aeroteam, a major local defense contractor, is planning to relocate from Grange Hall Road in Beavercreek into a portion of the former GM facility in Moraine. The company would be moving into the north-easternmost part of the 400-acre complex located at 2601 W. Stroop Road. US Aeroteam pledged to create 37 full-time jobs and $1.6M in new annual payroll by the end of 2019 at the new Moraine location. May 27, 2016 Good Samaritan Homes LLC moves into vacant Dayton warehouse The company that provides health care and packaging services plans to move to a long-vacant Dayton warehouse at 1784 Stanley Ave. The company is leasing the 77,000-square-foot warehouse, twice the size of its current location, from a Lexington-based developer. The new location will help the company pursue larger contracts, encourage growth and possibly create more than 100 new jobs. Xenia plans sale of former (more)

MVG_ATK_Retouched

8 Advantages of Leasing Build-to-Suit Space for Your Company

The economy has bounced back in recent years, and experts predict continued growth in jobs and business spending. It’s the kind of news that companies like to hear. Yet a business boom is not without challenges. You need to reserve your capital for new equipment, highly-qualified personnel, and research, but your current office, manufacturing or warehouse space no longer fits your needs. If you feel like your walls are closing in—just when you’re ready to spread your wings and soar—consider Build-to-Suit for Lease (BTSFL).  With BTSFL, you can construct precisely the space your company needs—without purchasing it—allowing you to reinvest your capital to fuel continued business growth. What other advantages does BTSFL offer? Financial Flexibility—Whether you need a full-service, triple net or another type of lease creatively structured to meet your business objectives, BTSFL offers great flexibility. Customized Space to Suit Your Needs—With BTSFL, you design for maximum space efficiency. Moreover, such customization enables you to create a building that projects a positive image of your company to clients and employees. Expert Outside Team—When you work with a trusted, experienced team to create the ideal space for your business, you realize the benefit of their strategic and synergistic relationships with (more)

Arcade for blog 2-01

Dayton Arcade effort moving forward

The effort to redevelop the Dayton Arcade is moving forward, with renderings released of what the downtown complex could be. Dave Williams, Miller-Valentine Group’s vice president of urban development, said the company plans to seek affordable housing tax credits and want to attract creatives and artists into apartments built as the anchor of the proposed mixed-use project. The historic Dayton Arcade was once a busy retail and restaurant center in the heart of downtown Dayton, spanning much of the block between Third and Fourth streets and Ludlow and Main streets. It has since fallen into disuse and over the past two decades been passed from owner to owner, with advocates calling for its redevelopment. Williams previously called the arcade “most emotional building in Dayton,” referencing the nostalgia the building elicits. Renderings released by Miller-Valentine show the center back in use, though he said the developers are still assembling financing and honing in on what their specific vision is for giving the arcade a sense of place. “The vision helps create the story in getting people wanting to be there. Space is space. You have to make it place,” he said. For upper floor housing, he said the firm is looking (more)

ClarityPointe_Logo

How a Purpose-Built Community Enhances the Lives of People Living with Dementia

Millennials may have overtaken Baby Boomers as the largest generation, but the U.S. population of Boomers still exceeds 74 million. As a result, communities and healthcare providers alike must prepare for the needs of this aging population. Already more than 5 million Americans have Alzheimer’s disease or another form of dementia and, says the Alzheimer’s Association, “These numbers will escalate rapidly in coming years as the baby boom generation has begun to reach age 65 and beyond, the age range of greatest risk of Alzheimer’s.” The Alzheimer’s Association estimates that by 2050, the number of people with dementia may triple unless researchers make a prevention or cure breakthrough. To address current and future needs, Clarity Pointe has teamed with Miller-Valentine Group to create a purpose-built assisted living neighborhood in Liberty Township. Liberty Township Will Ring In New Year with a New Memory Care Facility The ground-breaking in April kicked off construction of a 44,290 square foot, 60-unit facility that is expected to be complete in early Spring 2017. Roland Wintzinger, the Clarity Pointe Partner for the Midwest, told The Journal-News that “It’s a valuable asset because a lot of families are looking for these types of facilities. If somebody is (more)

Arcade for Blog-01

First look: Developers release Arcade renderings

Work to redevelop eight buildings of the Arcade downtown is expected to begin in early 2017 — if financing firms up. Developer Miller-Valentine Group released fresh renderings Thursday that depict renovated Dayton Arcade buildings with a restored, expansive rotunda. “We’re starting a synergy, an energy within this area that hopefully will feed upon itself,” said Dave Williams, vice president of urban development, Miller-Valentine Group. “We have some great areas that are really vibrant, but we have a lot of areas that needs vibrancy added to the mix.” Housing will drive the redevelopment as the first stage on West Fourth Street, Williams said. >>Related: 8 things you probably never knew about the Dayton Arcade Cross Street Partners, a real estate services firm based in Baltimore, is assisting in the project. Williams said last week the eight-building property will likely be split between 73,000 square feet for retail occupants; 66,000 square feet for office space; 165 residential units; and 50 hospitality rooms, a hotel component. “Housing is now an anchor tenant component,” Williams said. “We know housing is there, but the question is, how deep? We think we’ve got plenty of room to go.” Williams said the developer has not yet applied for (more)

Load more posts