Student Housing: UD plans 400 student apartments, $30M investment for former auto dealership

By Thomas Gnau for Dayton Daily News

DAYTON — This year’s incoming freshman class of some 2,060 is one reason why the University of Dayton is preparing to spend $30 million to redevelop the former Frank Z auto dealership property at 1600 and 1620 Brown St. into 400 student apartments, said Teri Rizvi, a UD spokeswoman.

On Monday, the Ohio Department of Development announced $750,000 in a Clean Ohio Assistance Fund grant for the city of Dayton and its development partner, MVO Building Solutions III LLC, to plan and redevelop the site.

“By the time they (new students) are juniors, there is going to be a shortage of housing,” Rizvi said. “That’s an impetus for this.”

The plans call for eight new buildings totaling about 150,000 square feet of construction, the state and Rizvi said. UD’s trustees have not approved funding for the project, although they have approved plans “in concept,” Rizvi said. She thought construction might start next spring, pending final trustee approval.

“This was the first step, for the city to get funding from Clean Ohio,” she said. She said the next steps may include zoning changes and trustee approval for spending on the project.

Miller-Valentine Group purchased the Brown Street property, including parking lots, in May for $3 million. White-Allen Chevrolet purchased the Frank Z dealership earlier this year and consolidated it at White-Allen’s 442 N. Main St. location.

[daytondailynews.com]

Be Sociable, Share!
Leave a Reply