Thursday, October 14, 2004

River view the draw for condos

165 luxury units would overlook Dayton

By Travis Gettys
Enquirer contributor

DAYTON, Ky. - A housing developer hopes to attract buyers with a panoramic view of the Ohio River, and city officials hope the development renews interest in Dayton.

City Council last month approved a Stage I development plan for Riverpointe Condominiums, which would place 165 housing units on a hill overlooking the city, and a Stage II plan will likely be submitted for approval by the end of the year, said Towne Properties general manager Brad Austing.

The condos would likely cost between $125,000 and $275,000 each, Austing said, well above the city's median property value of $59,100 determined by the 2000 U.S. Census.

Developers say the $20 million project would add about $93,000 per year to the city's property tax revenue, but the development carries additional benefits, said City Administrator Gary Scott.

The condominiums could raise Dayton's profile among potential home buyers, who might note what Scott describes as an undervalued housing stock just minutes from downtown Cincinnati.

"Even if the condos are not something that (potential home buyers) want, they might find something else they want - that's what we're hoping for," Scott said.

More than 56 percent of Dayton's homes were built before 1939, according to census figures, and city officials have taken an aggressive approach to blighted property, assessing owners who fail to keep buildings maintained.

The city has levied $16,000 in fines this year, up from $7,000 last year and $500 in 2002Scott said the fines have motivated many property owners to sell or make repairs.

"Some of them have said, 'I didn't know you guys were doing this in Dayton,' " Scott said. "They figured they could get away with (it)."

Some residents wish city officials would take more interest in aesthetics for the Riverpointe Condominiums development, which would consist of 15 buildings with brick and aluminum siding exteriors.

Edith Mariani, who lives on nearby Beechwood Place, said it would be a shame to build multifamily housing there, when new single-family homes fetch more than $1 million each on Newport's Wiedemann Hill and on O'Fallon Avenue in Bellevue.

"This property has a view so incredible, so panoramic, that a similar development could be done, with patience," Mariani said. "This property is an absolute jewel."

Mariani also fears that additional cars and construction traffic could affect Dayton Pike.

Scott said dirt removed from the construction site will be used to help reinforce Dayton Pike.

"We shouldn't suffer a lack of development because of that situation," Scott said.

Bishop Woods in peril?
Seton High School details expansion plan
Officer graduates, loses job
County settles on stadium

Gay-rights sides target black vote
Bush, Kerry spar on domestic issues
Noonan: Kerry 'worst of party'
Kerry's plan, Bush's past declarations scrutinized
Xavier students gather, let own voices be heard
Transcript of Bush, Kerry debate

Taft: 'No' on same-sex issue
Insults fly in Senate race
Vote monitor optimistic
Lawyers rate candidates
Westwood and Groob square off tonight
Lawyer sues over lost form to vote
Middletown streets on ballot
Election 2004 page

EPA, trash firm debate leak from closed landfill
Council rejects police plans
Fire union disputes cost-saving plan
Museum faces cutbacks
Frist: Doctors leaving Ohio
Two teenagers arrested in Royal Crown hotel fire
Witness: Mom not hysterical, though fire trapped her infant
Local news briefs
Mayor of Madeira retires, is moving to Warren County
Man ruled insane in murder of activist
Milford police chief resigns, halting property misuse case
State audit faults Morrow
Neighbors briefs
Killer who blamed his victim is executed at Lucasville prison
Public safety briefs
Northwest Local Schools loses board president
Sierra Club pushes renewable energy
New drivers get look at real-life tragedies
OT for Bush rally covered

'Thirty Ghosts' uneven
Dancers make impact

Bronson: Council deaf to pleas for crime control
Good Things Happening

Alex C. Papas, 84, made candy

Towne Center should proceed with latest OK
River view the draw for condos
Losing weight inspired teacher to help others
State insurance plan outlined
N. Ky. news briefs
Dad, lawyer run from SUV after custody case; mom held
Most N.Ky. schools meeting state goals
House fire victim loses Fla. home, too
Fletcher blamed for flap