A massive tract located near one of Dayton’s largest entities was recently purchased. The vacant land will host new offices within the next five years and create hundreds of new jobs once completed.
Dayton-based Woodard Development purchased 55 acres of land for the Mission Point office development near Wright-Patterson Air Force Base in February. The purchase price was not disclosed, but total investments will amount to well over $100 million.
While planning is in the early stages, the firm aims to construct seven office facilities ranging in size throughout the development, with two already approved for construction.
The site allows for multiple product types, traditional multi-story offices, and research and development spaces with the option to lease or own. Due to its positioning near Wright-Patt, the large-scale site will support continued growth and expansion of the defense community.
Four of the buildings will be traditional office spaces totaling over 230,000 square feet in sum. The remaining three buildings will host flex office spaces with a grand total of 180,000 square feet.
Nearly 14 acres have been set aside for residential units.