Developers, officials hope Studio 28 housing project catalyzes more development
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.”
Read Full Article >