One of the largest homebuilders in the region is interested in building new homes within a popular Dayton suburb. It continues to invest in this region.
M/I Homes, a Columbus-based company, discussed Tuesday with Washington Township's Zoning Commission the development of roughly 50 acres at the southeast intersection of W. Spring Valley Pike & Paragon Road.
Specifics about the project remain unclear. M/I Homes didn't immediately respond to our request for comment.
M/I Homes presented to the township officials, in a non-site-specific handout, the land that it wished to develop as well as the various housing options available. According to the information packet, M/I Homes talked about townhomes as well as villas and traditional homes.
Its two-story townhomes range from 1,400 to 1,600 square feet with three to four units; the villas, ranging from 1,500 to 2,400 square feet, are paired ranch homes; and the traditional homes come in 1,500-to-2,400-square-foot ranch plans or 2,200-to-4,800-square-foot two-story homes with full basements and two-to-three-car garage options.
The members of the commission stated that the site would be developed with single-family detached homes in accordance with the existing zoning.
M/I Homes' traditional offerings range from 3 to 5 bedrooms, 2 to 4 full baths, and 1 to 2 half baths.
The Dayton Business Journal reported in April that M/I Homes - which has sold more than 140,000 homes throughout the country - is preparing for the launch of sales of phase one of its 50-million-dollar Chamberlin Crossing Project, located north of the interchange of I-75 with 675, on the eastside of Springboro Pike Road, Miamisburg. The 117-home project will be available for purchase in summer 2023.
Greg Williams, M/I Homes' area president for Dayton and Cincinnati told the DBJ that he was a "very bullish person" about Dayton.
"We are investing a lot of cash in Dayton, and the reason is very clear." Williams stated that he believes Dayton has been revitalized. We think that there are great job opportunities. Dayton is home to some Fortune 500 companies, but also many entrepreneurial businesses. The base is a major economic driver. "We think this will continue."
M/I Homes, a local homebuilder founded in 1976, is the third-largest homebuilder of the Dayton area, according to DBJ Research. The company sold 215 homes at an average price of $510,000. The homebuilder was founded locally in 1976 and saw $4.1 billion revenue in 2021.