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$70M workforce housing project to revitalize northwest Dayton property
A $70 million workforce housing project in northwest Dayton is expected to break ground next year.
• The project: Michigan-based real estate development firm Magnus Capital Partners plans to redevelop a 13-acre vacant site in northwest Dayton at 325 Homewood Ave. and 707 Forest Ave. The firm plans to build 260 new housing units that will be spread across 11 buildings at the site, located in the city’s Five Oaks neighborhood.
• What was there: The site was once home to Julienne School and the Hampton Square apartments, but those buildings were demolished years ago, leaving behind vacant land.
• Need for housing: The Dayton region is expected to see thousands of new jobs in coming years because of investments like Joby Aviation Inc.’s plan to open a manufacturing plant near the Dayton International Airport.
• What they’re saying: “Having a high-quality housing stock in your city, in a commutable distance — well, that’s super important, to fill (open) positions.” — Vishal Arora, CEO and founder of Magnus Capital Partners.
What to know today
• One big takeaway: The Ohio State football team got the No. 8 seed in the College Football Playoff and will play No. 9 seed Tennessee at 8 p.m. Dec. 21 at Ohio Stadium.
• Tip of the day: Check out the recipes that were winners in the Dayton Daily News holiday cookie contest. You can find them here.
• Quote of the day: “So proud of you Chase! Congratulations on this incredible opportunity.” — ESPN football commentator and Centerville native Kirk Herbstreit, writing on X about his son Chase signing to play football at the University of Michigan.
• Stat of the day: 14,000 square feet. That’s the size of the new Gettysburg Grocery that Homefull expects to open in southwest Dayton early next year.
• Photo of the day: The University of Dayton basketball team defeated Lehigh 86-62 on Saturday for its 23rd straight win at UD Arena.
