News/Events

Developers, officials hope Studio 28 housing project catalyzes more development

In the News 28 West
Posted: November 21, 2019

WYOMING — Developers of a $35 million housing project at the former Studio 28 movie theater property hope the development will be a catalyst for more activity in Wyoming.

Plans include transforming the property on 28th Street in Wyoming into a 226-apartment community called HŌM Flats at 28 West. Magnus Capital Partners of New York City purchased the 7-acre property in October after it had been vacant for nearly a decade.

“We’re excited about the location because (the city) has wanted growth and revitalization for years,” Vishal Arora, managing principal and founder at Magnus, told MiBiz. “This city has done a great job setting the stage for that growth.

“We’re excited to be the first catalyst and start bringing a lot of investment to this site, and it’s a sign of things to come as far as the growth of the 28th Street corridor.”

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Source: MiBiz

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