New York Seller -Downtown Dayton High Rise

New York Seller -Downtown Dayton High Rise2018-11-21T20:18:54+00:00

Project Description

Matrix Dayton, LLC, a Member of the Matrix Group of Companies Directs Auction

 The Acclaimed Grant-Deneau Tower
Downtown Dayton’s Premier Professional Office and Residential Conversion
40 W. 4th Street, Just off I-75 23-stories 222,000 +/- SF on .68 Acres

Grant-Deneau Tower is significant at the local level under Criterion A in the area of community planning and development, as the building reflects one of the first major construction projects completed in Dayton in an effort to revitalize the downtown and to reverse significant decentralization of the city as suburban competition rapidly increased. Grant-Deneau Tower is also nominated under Criterion C for the distinct characteristics of modern New Formalism and Miesian style architecture and construction. Designed by local architects Deneau-Kleski and Associates, the nominated building is documented by local newspaper and advertisement resources as being the first modern office tower in Dayton, while also the tallest building in the city when constructed in 1969. Grant-Deneau Tower is a significant representation of early local efforts to catalyze redevelopment in the urban core of downtown Dayton by bringing modern design and amenities to the struggling city. For these reasons the nominated property demonstrates exceptional significance within the past 50 years and warrants eligibility under Criteria Consideration G, per National Register guidelines. The period of significance begins with construction of the building in 1969 and extends to 1979 when the construction of the lobby enclosure was completed.

TAX CREDITS FOR 40 W 4TH CENTRE
• For the 20% Federal Historic Tax Credit incentives, please visit the NPS Website link
https://www.nps.gov/tps/tax-incentives.htm 
• For the competitive 25% State Historic Tax Credit Program, please visit
https://development.ohio.gov/cs/cs_ohptc.htm

IMPORTANT AGENDA
Interested bidders should immediately request a Bidders Information Package by calling 855-460-2437. All bidders will have an opportunity to meet with or call a representative to discuss the property, review due diligence items, and ask questions.

CO-OP BROKER FEE IS 2%.

Cashiers check of $25,000 made out to Diliberto Real Estate Services Escrow is required to bid. The winning bidder shall increase earnest money to 7% of total purchase price within 5 days of seller acceptance.

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