Stratacache Tower

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.[4] The Stratacache Tower has its own zip code: 45423.

Stratacache Tower
General information
StatusCompleted
TypeOffice
LocationDayton, Ohio USA
Coordinates39.760964°N 84.191408°W / 39.760964; -84.191408
GroundbreakingApril 9, 1969
Completed1970
Cost$15,000,000
Height
Roof124 metres (407 ft)
Technical details
Floor count30
Floor area45,162 m2 (486,120 sq ft)[1]
Design and construction
Architect(s)Lorenz+Williams, Inc.
Website
stratacachetower.com/https://stratacachetower.com/
References
[2][3]

History

The building opened for business in 1972.[5] 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.[3]

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
Kettering Tower in 2015

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:

  • Taft Stettinius & Hollister
  • Pickrel Schaeffer & Ebeling
  • Sebaly Shillito & Dyer
  • Rogers & Greenberg
  • EAGLE Certification Group
  • Thorn Lewis + Duncan, Inc. CPA's
  • Bailey Cavalieri LLC

See also

References
  1. "Kettering Tower". Skyscraper Center. CTBUH. Retrieved 2017-07-15.
  2. "Emporis building ID 128325". Emporis. Archived from the original on March 7, 2016.
  3. Powell, Lisa (2015-06-10). "Towering Over Dayton". Dayton Daily News. Retrieved 2015-05-12.
  4. "Kettering Tower Information". Retrieved 2009-01-18.
  5. "History of Kettering Tower". Archived from the original on 2009-06-15. Retrieved 2009-03-04.
  6. Stephens, Caleb (2005-05-05). "Dayton Business Journal Article". Retrieved 2009-03-04.
  7. Gnau, Thomas (2012-02-05). "Kettering Tower sale to close in 2 weeks". WHIO. Retrieved 2015-05-12.
  8. Barrow, Olivia (2014-09-12). "Kettering Tower Owner Wants to Sell". Dayton Business Journal. Retrieved 2015-05-12.
  9. "Records outline $13M sale of Kettering Tower and land". Dayton Daily News. 2019-02-07. Retrieved 2019-02-08.
  10. Gnau, Thomas (May 17, 2019). "'Killer views': Stratacache CEO has plans for Dayton's tallest building". Dayton Daily News. Retrieved October 21, 2019.
  11. Gnau, Thomas (November 25, 2020). "Dayton Club to close permanently Monday, club owner says". Dayton Daily News. Retrieved December 16, 2021.
  12. "Kettering Tower Amenities". Archived from the original on 2009-06-15. Retrieved 2009-05-01.
  13. Gnau, Thomas (October 7, 2020). "2 area banks to close downtown Dayton branches". Dayton.com. Retrieved June 18, 2021.
  14. "Law firm inks deal in Dayton's largest office tower". Dayton 24/7 Now. June 18, 2021. Retrieved June 18, 2021.


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