Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CLAYTON, OH-North Clayton Development LLC, the group responsible for the plan for the 105-acre Village of North Clayton here, has hired Casto Commercial Real Estate to lease most of the proposed retail and office property. The new urbanism development is expected to have about 600,000 sf of commercial space scattered through 22 buildings in a new downtown-type area. The project is also supposed to have about 500 single-family and multifamily homes, government offices and a 180,000-sf sports and medical facility.

A couple dozen homes have been completed so far, and two of the commercial buildings are up and leased, says Dave Williams, a partner in the LLC. “We just got the liquor licenses for the half a dozen restaurants that we’re looking to get, that should make leasing a little easier,” he says.

The city of Clayton, a relatively young community, instituted this new urbanism project as part of its master plan 10 years ago. “In lieu of picking a road and loading it with retail, they wanted to create a sense of place, where you could live in a community and not have to jump in a car every time you want to get something,” Williams tells GlobeSt.com.

Katie Fox, a leasing agent with Casto, tells GlobeSt.com that her firm’s plan is to attract more localized, not national, tenants. “I’m specifically targeting health/environmentally conscious tenants,” she says. “A few examples would be a natural foods grocer, an open market florist, international food concepts, European-style pubs, a local drug store, and more. There will also be lots of parks, fishing ponds and fountains., and city offices in the main village area.”

The commercial property will be arranged with retail on the first floor of the multiple buildings, and either office or some sort of multifamily above, she says. The buildings will range in size, with some being two stories, and some higher, she says.

The area is north of Interstate 70 along State Road 40, and this Dayton suburb is already a high-growth area, Williams says. “We’re right near the junior high and high school for the four-community area,” he says. He says the development is moving in slow phases, and the cost and timeframe for completion are hard to determine now.

However, it’s clear it will cost about $18 million to build the sports-plex, which will be a focal point for the village. Continuum Clubs Inc., a Napa, CA-company, will build the Clayton Proaction Arena and Lifestlye Medical Center. Construction is expected to begin in September.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.