Washington Prime Group Inc. has purchased from a non-retailer the former Elder Beerman (Bon-Ton Stores) site at Dayton Mall. The company plans to redevelop the 15-acre site, which includes a two-story, approximately 200,000-square-foot retail building. The Columbus-headquartered retail REIT is planning and negotiating with several local stakeholders, including Miami Township and existing and prospective tenants and partners.
During the past three years, Dayton Mall has replaced underperforming tenants with in-demand retailers and lifestyle tenancy such as dining, entertainment and home furnishings.
Chris Snyder, director of community development for Miami Township stated: “Planning for the future of the Dayton Mall area really started four years ago when the township developed the Dayton Mall Area Master Plan. We saw the need early on to transform the area into a multi-use, walkable development, and the master plan has served as the facilitator bringing us to where we are today. We are pleased that Washington Prime Group has embraced the creation of the Miami Crossing District and now will be working with us to bring many of the initiatives embodied by the district master plan to the largest retail complex in the region.”
Miami Township in 2018 adopted a master plan for the Miami Crossing District, where Dayton Mall is located, and is calling for more than $200 million in investments. Miami Township recently completed construction on major roads surrounding Dayton Mall, investing nearly $2 million in improvements.
As previously announced, Seritage Growth Properties owns the former Sears space at Dayton Mall. Washington Prime Group continues to work closely with Seritage and all stakeholders regarding future redevelopment opportunities with respect to this space.