The new owner of the Newcom building in downtown Dayton said Friday he intends to “bring it back to life.”
Charlie Samaan owns properties across the Dayton area, including the J.D. Legends Entertainment complex in Franklin. Montgomery County property records this week showed that Newcom Building Co. sold the apartment building at 255 N. Main St. to Samaan Enterprises Inc. for $300,000.
The seven-story apartment building was in the news earlier this year when Dayton city government ordered residents to vacate the structure after previous owners failed to fix a malfunctioning heating system, making the building unsafe to live in.
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City officials said at the time of the order in January they intended to board up the building, sometimes known as “Newcom Manor,” unless the heating system was repaired.
Shortly after, a judge said the then-building owner must buy infrared heaters for what were then a remaining 18 tenants still in the building.
But that’s the past. Samaan, the new owner, said Friday the first order of business is installing a new boiler.
“I ordered a brand new boiler,” he said. “It should be installed in about two more weeks.”
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He said he intends to update the apartments and will work with the Dayton-Montgomery County Port Authority on improving parking.
“We are updating the entire building one unit at a time,” Samaan said. “We’re re-doing the entry. We’re bringing it to back life, really.”
“It’s going to go a little bit more upscale than what it is now, of course,” he added. “We’re remodeling the penthouse. The penthouse will have access to the rooftop, too.”
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Samaan said he likes what he sees in downtown Dayton and wants to be part of it.
The Newcom building, built in 1907, “is a beautiful, historic building, with lots of potential.”
“We love the area,” Samaan added. “The growth of downtown Dayton has been wonderful, and we want to continue with that growth. We see a lot of potential downtown.”
A real estate investor for 15 years, he owns properties in Dayton, Middletown, Miamisburg, Kettering, Centerville and beyond. He said he has remodeled 24- and 48-unit properties in Kettering and Middletown.
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