Stratacache Tower Explained

Stratacache Tower
Status:Complete
Location:Dayton, Ohio USA
Coordinates:39.761°N -84.1914°W
Groundbreaking Date:April 9, 1969
Completion Date:1970
Architect:Lorenz+Williams, Inc.
Cost:$15,000,000
Floor Count:30
Floor Area:45162sqm[1]
References:[2]
Building Type:Office
Roof:124m (407feet)

Stratacache Tower, also known as Kettering Tower, is a high-rise office building located in Dayton, Ohio. The Stratacache Tower was built in 1970 and is currently the tallest building in the city. Lorenz Williams Inc. was the firm responsible for construction of the building. Stratacache Tower has 30 floors and is 124 meters or 405 feet tall.[3] The Stratacache Tower has its own zip code: 45423.

History

The building opened for business in 1972.[4] The property was originally named Winters Bank Tower and served as the headquarters for Winters Bank. After Bank One, which was headquartered in Columbus, acquired Winters Bank, the building owner, Virginia Kettering, the daughter-in-law of inventor Charles F. Kettering, changed the name to Kettering Tower.[5]

In 2005, a New York investment firm, Kettering Tower Partners LLC, bought the Kettering Tower for $21.9 million, or $45.63 per square foot.[6] The Kettering Tower owner defaulted on the mortgage and the property was sold to Bank of America for $10.8 million at a Montgomery County Sheriff's Auction in 2011.[7] In 2012, Albert Macanian of Dunkirk Realty, paid only $6.4 million for the property.[8] In 2019 it was sold for 13 million to Stratacache, which makes digital signs and monitors for restaurants and retail as well virtual and augmented reality software for retail, and which intends to make the building its new headquarters.[9]

The tower was later rebranded as Stratacache Tower.[10]

Restaurants and amenities

Located in the tower was the Dayton Club, formerly the Dayton Racquet Club, which offered a fitness center and business-conducive dining and banquet facilities, but which permanently closed in 2020.[11] On the ground floor is an optometrist and the restaurant Carmen's Deli.[12] For many years, a large Chase Bank branch was on the second floor of the tower, but ceased operations in December 2020.[13] In June 2021, the law firm Taft Dayton signed a deal for a 15-year lease at Stratacache Tower, with plans to renovate the building's 16th and 17th floors to increase its office space, as well as opening a 3,900 foot Taft Center on the building's first floor, intended for use for meetings, conferences and events, serving as a gathering space for the local community.[14]

Current tenants

The tenant roster includes the offices of many prominent companies, including:

See also

External links

Notes and References

  1. Web site: Kettering Tower. Skyscraper Center. CTBUH. 2017-07-15.
  2. Web site: Emporis building ID 128325 . https://web.archive.org/web/20160307023420/https://www.emporis.com/buildings/128325 . dead . March 7, 2016 . Emporis.
  3. Web site: Kettering Tower Information. https://archive.today/20120729061625/http://www.emporis.com/en/wm/bu/?id=ketteringtower-dayton-oh-usa. dead. July 29, 2012. 2009-01-18.
  4. Web site: History of Kettering Tower . 2009-03-04 . dead . https://web.archive.org/web/20090615011438/http://www.theketteringtower.com/overview.asp . 2009-06-15 .
  5. News: Towering Over Dayton. Powell . Lisa . Dayton Daily News . 2015-05-12. 2015-06-10.
  6. News: Dayton Business Journal Article. 2009-03-04 . Caleb. Stephens. 2005-05-05.
  7. News: Kettering Tower sale to close in 2 weeks . Gnau . Thomas . WHIO . 2012-02-05 . 2015-05-12.
  8. News: Kettering Tower Owner Wants to Sell . Barrow . Olivia . Dayton Business Journal . 2014-09-12 . 2015-05-12.
  9. News: Records outline $13M sale of Kettering Tower and land . Dayton Daily News . 2019-02-07 . 2019-02-08.
  10. News: ‘Killer views’: Stratacache CEO has plans for Dayton’s tallest building. Thomas. Gnau. Dayton Daily News. May 17, 2019. October 21, 2019.
  11. News: Dayton Club to close permanently Monday, club owner says. Thomas. Gnau. Dayton Daily News. November 25, 2020. December 16, 2021.
  12. Web site: Kettering Tower Amenities . 2009-05-01 . dead . https://web.archive.org/web/20090615011414/http://www.theketteringtower.com/amenities.asp . 2009-06-15 .
  13. News: 2 area banks to close downtown Dayton branches. Thomas. Gnau. October 7, 2020. June 18, 2021. Dayton.com.
  14. Web site: Law firm inks deal in Dayton's largest office tower. June 18, 2021. June 18, 2021. Dayton 24/7 Now.