The owner of the Kettering Tower plans to invest more than $2.5 million in efficiency upgrades to the building through a financing tool that is new to the Dayton area. The upgrades could help reposition the tower in the market, and pave the way for other downtown buildings to use the tool.
Albert Macanian told me soon after he took the tower off the market in April that he planned to apply for the Property Assessed Clean Energy, or PACE, bond program through the Dayton-Montgomery County Port Authority to finance some major improvements to the building’s lighting and HVAC systems.