One of the region’s largest homebuilders is looking to build new homes in a prominent Dayton suburb. This comes as it continues to invest in the region.
Columbus-based M/I Homes on Tuesday discussed developing roughly 50 acres of vacant land at the southeast corner of the intersection of W. Spring Valley Pike and Paragon Road in Washington Township with the township’s Zoning Commission.
The specifics of the project are unclear. M/I Homes did not immediately respond to a request for comment.
In a handout submitted to township officials – which was not site specific – M/I Homes outlined the land it wishes to develop and laid out the different housing options it offers. M/I Homes discussed townhomes, villas and tradition homes, according to the packet.
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.
Members of the commission said that the site should develop with a single-family detached housing product consistent with existing zoning.
The traditional options M/I Homes offers range from three to five bedrooms, two to four full baths and one to two half baths.
In April, the Dayton Business Journal reported that M/I Homes, which has sold over 140,000 homes across the nation, is preparing to launch sales for phase one of its $50-million Chamberlin Crossing project north of the interchange between I-75 and 675 on the east side of Springboro Pike Road in Miamisburg. The 117-home development will open for sale in summer 2023.
Greg Williams – M/I Homes area president for Dayton, Cincinnati and Northern Kentucky – told the DBJ then he was “very bullish” on Dayton.
“We’re putting a lot of money into Dayton and there is a very distinct reason why. We think Dayton is being revitalized,” Williams said. “We think there’s great employment opportunities. There’s some fortune 500 companies sitting in and around Dayton, but there’s also a lot of entrepreneurial businesses. The base spurs a tremendous amount of economic activity. We think that this is just going to continue.”
M/I Homes is the third largest homebuilder in the Dayton region, according to DBJ research, selling 215 homes for an average of $510,000. Founded locally in 1976, the homebuilder saw $4.1 billion in revenue in 2021.