Dublin developer Crawford Hoying has purchased the Mendelson building on East First Street in downtown Dayton. Previously home to Mendelsons Liquidation Outlet, the more than 550,000 square foot, eight-story building will be the newest addition to the Water Street District.

“Crawford Hoying purchased this site as part of our ongoing investment in the revitalization of the downtown Dayton area,” Crawford Hoying Principal Brent Crawford said, in a statement. “We’re eager to further add vibrancy to the city in developing this project.”

The sale also includes the nearby Mendelson warehouse and lot. Options for development of the sites are being considered and uses will be announced as development progresses.

Crawford Hoying and Woodard Development partnered with downtown Dayton to transform the vacant riverfront into a walkable mixed-use neighborhood — Water Street District.

Located adjacent to RiverScape Metropark and next to Fifth Third Field, the project currently includes 40,000 square feet of office, 30,000 square feet of retail/restaurant space, 540 structured parking spaces and a Fairfield Inn & Suites, the first hotel developed in downtown Dayton in decades. In addition, the development offers 680 for-rent residential units across its mix of properties.

In the past five years alone, Crawford Hoying has developed more than $1 billion of mixed-use, multifamily, office and retail properties.