tag:blogger.com,1999:blog-7572205562498024454.post3466983008460194586..comments2024-02-12T23:56:11.051-05:00Comments on Daytonology: The Gibbons Annex StoryJeffereyhttp://www.blogger.com/profile/01294969786619943530noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7572205562498024454.post-50858046210973769292007-12-16T08:50:00.000-05:002007-12-16T08:50:00.000-05:00The question of the walkway might be tied in to wh...The question of the walkway might be tied in to who owns the parking garage at Third and Ludlow. I had thought that might have been a Webb-Henne property as it looks like it was built at the same time Arcade Centre was, in a similar style.<BR/><BR/>I can see some sort of rental arrangement for the right-of-way as it crossed through the Arcade and the Gibbons Annex from the office tower to te garage. In that case the owner or leasee would be the one possibly paying rent. <BR/><BR/>I don't see how this would be Staub, given his relatively late involvment with Arcade, unless the entire right-of-way was assigned to the Arcade complex. Even then, his liability would go back to 2003, not 20 years.<BR/><BR/>I would expect whoever leased an easement or right-of-way would be whoever owned the tower or garage.Jeffereyhttps://www.blogger.com/profile/01294969786619943530noreply@blogger.comtag:blogger.com,1999:blog-7572205562498024454.post-52163665725774673362007-12-16T01:52:00.000-05:002007-12-16T01:52:00.000-05:00The piece you guys are missing is the walkway that...The piece you guys are missing is the walkway that runs between all four buildings. I bet there are leases or easements that connect them, which would explain the rent issue and the lawsuits.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7572205562498024454.post-69745572048092292662007-12-15T23:53:00.000-05:002007-12-15T23:53:00.000-05:00Jeffrey, Cit Fed had killed off the tower. In fact...Jeffrey, Cit Fed had killed off the tower. In fact, the tower shouldn't have been built, because they didn't have the 35% pre-lease that was the theoretical make or break number. Of course, Freund Freeze and Arnold, pledged to move in (they do a ton of City work, including the Ninja mask Federal case) so it could move forward (probably with a kickback or low rent deal). Max Guttman was running ElderBeerman at the time. Supposedly- Arthur Beerman demanded that there be no retail on the Sinclair campus, so as not to compete with his store (which is now owned by Citywide and leased to Reynolds and Reynolds). There have been more backroom deals involving these properties than we can shake a stick at. Come up with any other reasonable reason why Danis took the arcade? If he could have bought the arcade center for pennies- why not?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7572205562498024454.post-25925797416463067912007-12-15T19:53:00.000-05:002007-12-15T19:53:00.000-05:00David, Mark, thank you for the compliments. I do ...David, Mark, thank you for the compliments. I do wonder if anyone reads this stuff sometimes.<BR/><BR/>The only way I would have known to question this is due to my research into the history of the Arcade, which touches on peripheral properties. <BR/><BR/>I didn't do too much research on the Arcade Centre urban renewal scheme, but I can say it helped kill retail on that block. This is confirmed by the urban renewal documents, on file at the UD library.<BR/><BR/><BR/>News reports on Arcade Centre say that the Webbs didn't consider another tower opening downtown as competition when they ran their market numbers. Presumably if Webb knew about the CitFed tower he might not have entered into the urban renewal deal with the city.<BR/><BR/>So that begs the question as to what Danis was up to (and the city) with the CitFed tower, since it killed the city’s urban renewal project, intended to save the Arcade (and the Silver Wedge story is a fascinating aside to that. CitFed is probably a whole 'nother line of enquiry)<BR/><BR/>Arcade Centre was supposed to be fast track. One of the delays cane from someone called Gutman, who apparently had something to do with Elder-Beerman? He also objected to Webbs first proposal (part of the design objections noted by David), helping derail the fast track.<BR/><BR/>So another local player throwing up a roadblock.<BR/><BR/>I don't think the intention of the Danis Arcade takeover was to strangle the tower. CitFed coming on market first would to do that. <BR/><BR/>Danis probably acquired the Arcade as a bargaining chip to get the city to take Concourse 70/75 off his hands.<BR/><BR/>What remains unknown was Danis' relationship with Society Bank, AKA 3rd National Bank, and if there was a hidden agenda on the part of the bank. <BR/><BR/>@@@@<BR/><BR/>In any case this is all history now. The future is that lawsuit. Staub never mentioned any involvement in the Gibbons Annex during the FSA meetings, so I am really curious what's up with that lawsuit and countersuit.Jeffereyhttps://www.blogger.com/profile/01294969786619943530noreply@blogger.comtag:blogger.com,1999:blog-7572205562498024454.post-78967560170784065952007-12-15T18:00:00.000-05:002007-12-15T18:00:00.000-05:00Jeff, great reporting. You really show up the medi...Jeff, great reporting. You really show up the media around this town, which are more interested in the arsons and shootings that they find out about from the police blotter. If the DDN was really smart (okay, I know that's a stretch), they'd be watching these blogs and devoting some investigative reporting on some of the leads that arise in blogs like yours. I wonder if Tony Staub's suit against City Hall in May could be the forum to air what's going on surrounding the Arcade.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7572205562498024454.post-13904766524177123052007-12-15T14:15:00.000-05:002007-12-15T14:15:00.000-05:00Jeffrey,Great digging and fact finding. Something ...Jeffrey,<BR/>Great digging and fact finding. Something has stunk on the Arcade Tower project since day one. It was originally slated for completion before the "Citizen Federal Tower" (now the 5/3 rd tower) which was a Danis project. Then, Dayton's "Architectural Review Board" (of whom we've never heard from since) said the original design of the Arcade tower wasn't appropriate- throwing the tower's development back a year, and allowing the Danis project to get the plum tenants.<BR/>Later, Danis got The Arcade proper- for $36K, promptly shutting it down, and strangling the tower.<BR/>When the tower then went into foreclosure, Danis was too tied up with landfill issues to score the tower for pennies on the dollar, completing his domination of Class 1 office space downtown. As further proof that Danis was being assisted on all this by powers in City Hall- one must look at the 3.1 million the city paid to Danis for the Silver Wedge at the corner of Second and Jefferson (a building he had bought for $900k) as a way to offset his costs on tearing down the 2nd Street Historic district (of which the facades later ended up on the RTA hub at Third and Main).<BR/>This whole deal stinks from the ground up. Great reporting.Anonymousnoreply@blogger.com