Projects near the University of Dayton bring nearly 200 new apartments
Work on the Flight Apartments was originally scheduled to begin in spring 2020, but the project did not begin until late November 2021.
The coronavirus was entirely responsible for the delay, said Robert Fiorita, developer and managing member of New Village Communities, which is behind the project.
The pandemic has upended student housing projects because students were off campus and taking classes remotely, and investors have been spooked by potential long-term changes in student learning and living conditions. students, he said.
Many in the student housing industry were concerned that large numbers of students would opt for virtual learning over the traditional on-campus experience, Fiorita said.
But if anything, Fiorita said, the past two years have demonstrated the value of in-person learning and the on-campus environment.
Some groups and researchers claim that in-person learning leads to better academic performance, attendance, and student engagement and satisfaction for most students.
Flight apartments will provide high-quality housing that is less dense than dorms and other on-campus housing options, Fiorita said.
The Flight’s new units will provide students with separate bedrooms and their own bathrooms, he said, and other amenities will include a clubhouse, fitness center, wifi cafe, recreation room and study rooms. Units will have patios or balconies.
“There’s nothing like it in this part of Dayton,” he said. “This is a major investment in the community and in the downtown core.
The five-story building will take around 18 to 20 months to complete, with units expected to open in spring 2023.
The developer is planning a future phase to add more accommodation and a parking garage.
A few hundred yards north of the Flight site is a new three-story apartment building at 723 Nathan Street. The building, along Warren Street, has 51 new apartments, 44,515 square feet of space and is the second phase of the Apartment project in South Park.
The first phase was a four-story building one block north that opened in 2018, providing 43 rental units, which have essentially remained fully occupied.
The new building is about 60% leased and the first tenant moved in last fall, said Rusty Lykes, vice president of property management at Oberer Companies.
“We average about four to five rentals a week,” he said, noting that Oberer Management Services manages the Flats apartments.
Years ago, the developer initially proposed to build condos on the site, but later revised its plans in favor of apartments, citing market demand.
The apartments’ apartments are in high demand because they are Class A luxury units, Lykes said, and their location also provides easy access to US 35, I-75 and Main Street.
“It’s easy to get to a lot of big job pools,” he said.
The ability to walk is a big draw, he said, because it’s a short trip to the Oregon District or Brown Street businesses, and the apartments are along the line. Flyer bus, which is the free shuttle that runs between downtown and the UD campus. region.
Developer and general contractor Greater Dayton Construction Group wants to build new housing on much of the vacant land just east of the new apartments, which once housed the Cliburn Manor housing project.