Developer Oberer Thompson Co. originally proposed constructing more apartments and commercial space on the land directly south on Warren Street.
But now, the firm proposes creating a three-story building containing upscale condominiums that could be priced between $250,000 to $300,000, said Bill Hibner, director of construction services with Oberer.
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The proposed condos would range in size from 1,500 to 2,000 square feet and likely would have sleek, urban, mid-century modern designs, Hibner said.
Oberer is still developing the condo project and will move forward if it determines there is sufficient demand for the housing and the project receives the necessary approvals from the city’s planning boards, he said.
The hope is to start construction on the building in the next six months, Hibner said, adding that the units likely would appeal to employees who work at the University of Dayton, Miami Valley Hospital, GE Aviation, Emerson Climate Technologies and others who want to live near but just outside of downtown.
“It kind of tests the waters of being near downtown but not in downtown,” he said.
The building would sit at the edge of the Historic South Park neighborhood.
This would be the second phase of the project. Phase 3 is planned for the former Cliburn Manor housing project site and could feature a mix of single-family houses, townhomes and two- or three-story flat-style housing to rent and buy.
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The Flats at South Park expects to open its apartments in January, with leasing likely beginning in December. The apartments include a few studios and a mix of one and two bedrooms.
The 65,000-square-foot building has about 10,500-square-feet of commercial space, which could hold three to five tenants. But so far, no tenants have been announced.
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