Developer buys large, rundown commercial property for East Oregon project

Kentucky-based Weyland Ventures has purchased the vacant historic building at 101 Bainbridge St. in Dayton to be part of its “new dense, active, pedestrian-friendly and mixed-use” Oregon East neighborhood, the Dayton Daily News reports. Since 2013, the City of Dayton and the Oregon Innovation District development teams “have collaborated via a private-public partnership to transform the area between Wayne Avenue and Keowee Street,” according to the article. Weyland Ventures has already “spent nearly $30 million creating the new Oregon East district,” and proposes “investing more than $120 million” to “create 730,000 square feet of new development” for the project. For more, read the full article.

Economic Development, State Updates