Montgomery County auditor’s office records give the sale date as Sept. 10. The purchase price was $1,075,000.
SPS recently announced the purchase on the LinkedIn website, saying the purchase will lead to the firm’s “newest ground-up development project ... directly across from the University of Dayton.”
“It’s gonna be a great one,” SPS Executive Vice President and Managing Principal Calvin Short said on LinkedIn.
Jory Zola, a managing principal with SPS, said the the site will become home to a Dutch Bros coffee shop.
“We’re a preferred developer with Dutch Bros Coffee and, when I came to them with this site and let them know I had an opportunity to acquire it, they were very, very interested,” Zola told the Dayton Daily News.
At this point, he did not have a timeline for the shop, but zoning approvals have been secured. “We are in for our permits right now,” he said.
As soon as permit sign-offs by Dayton building and fire departments are in hand, “We plan on putting shovels in the ground,” he added.
The site is steps away from United Dairy Farmers, Panera Bread, Five Guys, Burger King and a number of busy locales along Brown Street.
SPS has multi-family residences and commercial sites as part of its portfolio. The Echelon apartments off Firwood Drive near the university is part of that portfolio.
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