Developer to begin construction on downtown Dayton apartment community

The developers of the new Water Street apartment community in downtown Dayton will begin construction this week on the $30 million project.

A groundbreaking ceremony with Mayor Nan Whaley and local business leaders and residents will be held on Thursday at the site of the planned complex near the banks of the Great Miami River.

The residential component of the Water Street District will feature 215 luxury rental apartments, a mixture of two-story townhomes and 1-2 bedroom flats.

The apartment community will feature river views, a swimming pool, outdoor gathering areas, a business center and fitness center membership. The first units will be complete and available for occupancy in late August, according to a release from the city.

The Water Street District residential community is the first new large-scale rental housing development constructed in downtown Dayton since the early 2000s.

Water Street is being developed by Columbus-based Crawford Hoying Development Partners and Dayton-based Woodard Real Estate Resources. The project will contribute amenities to the heart of the city including a fitness center, a bank branch and restaurants.

The $45 million Water Street District includes four elements:

A 50,000-square-foot commercial building fronting Patterson Boulevard. PNC Bank is the anchor tenant of the building.

215 luxury rental apartments.

A three-level public parking garage serving the Webster Station community.

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Developer to begin construction on downtown Dayton apartment community