Magnus Proposes 148-Unit Complex on Former School Site
Magnus Capital Partners seeks to build apartments on the vacant former Orville Wright Elementary property in Dayton.
Updated on Nov. 14, 2026 in Commercial
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Magnus Capital Partners has proposed a 148-unit apartment complex on the former Orville Wright Elementary School property in Dayton. The Dayton City Plan Board held a work session on the project plan on November 10, 2026.
Why it matters
The site has sat as a vacant, grassy lot for years after the school was demolished, and the proposal would add housing on land zoned for multi-family use. The project would add new rental housing to Dayton's supply at a time when the city is weighing several housing developments.
The concept plan calls for 148 units in 10 buildings on an 8.7-acre lot with roughly 170 parking spaces. A previously proposed 118-unit congregate care facility on the same site was never constructed, and the Plan Board has not yet voted on the current plan.
The players
Magnus Capital Partners
Magnus Capital Partners is the firm behind the proposed apartment complex and has also proposed 100 or more housing units at the former Zion Church property on Edwin C. Moses Boulevard.
Dayton City Plan Board
The Dayton City Plan Board is the local body that reviews development proposals in the city and is expected to vote on the project at a future meeting.
Naymark and Associates LLC
Naymark and Associates LLC is the owner of the Wright Avenue parcel according to Montgomery County property records.
The details
The concept plan includes amenities such as a pickleball court, a playground, and open green spaces. Magnus representatives recently met with nearby property owners to discuss the proposal, and a resident spoke at the City Plan Board meeting on November 11, 2026.
Timeline
2010: Orville Wright Elementary School was demolished, leaving the lot vacant.
November 10, 2026: Dayton City Plan Board held a work session on the project plan.
November 11, 2026: A resident spoke at the City Plan Board meeting.
Market Landscape
The new proposal follows the 118-unit Vivera Wrightwood congregate care plan that was previously proposed for the same 8.7-acre lot but never built. It also sits alongside Magnus's separate push for 100 or more units at the former Zion Church property and the $70 million HōM Flats project on Forest Avenue, which will create 260 workforce housing units.
If approved, the project would add 148 apartments and roughly 170 parking spaces to the Wright Avenue and Burkhardt Avenue area in Dayton. Residents nearby would see construction and added traffic, and renters would gain a new housing option on a site that has been vacant for years.
The takeaway
A vacant lot that sat idle for years is now the subject of competing housing proposals, so residents who follow Dayton's planning process can track the Plan Board's upcoming vote on this project. The outcome will shape how much new rental housing reaches the Wright Avenue area.
What happens next
The Dayton City Plan Board is expected to vote on the project plan at a future meeting, though no date has been set.
Further reading
For more on local development, explore the Commercial real estate coverage.
Source note: This article includes information reported by Dayton Daily News.
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