Download Offering Materials: Fidelity Plaza Adaptive Reuse Development
Capstone Apartment Partners is pleased to present an exciting redevelopment opportunity: one continuous building built in two phases, which represents 97,000± SF of space for an adaptive reuse multi-family development. The asset sits adjacent to the Dayton Convention Center, is one block from the Dayton Arcade and Levitt Pavilion, and has walkable access to all the Oregon Entertainment District has to offer. The asset sits in the Downtown Dayton Community Reinvestment Area (CRA), and once complete, the project will receive a 15-year, 100% real estate tax abatement. The project has also qualified for State Historic Tax Credits, which substantially reduces the basis of the project for prospective developers. Lastly, the property sits in a Qualified Opportunity Zone, which provides additional breaks on taxes for capital gains after a predesignated hold period. This adaptive reuse development opportunity provides an excellent avenue for incoming investors to participate in the growth and reinvigoration of Dayton’s downtown multi-family market.
Budget Proposal and Unit Mix in Place
Prime Downtown Dayton Location
Multiple Attractive Tax Incentives
Robust Downtown Rental Environment