“What makes this attractive is that you can convert a hotel to permanent housing much more quickly than you can go through the process of developing a new apartment building from start to finish,” said Jim O’Keefe, director of community development for Madison.
"Hotels present a much more practical, feasible opportunity for conversion to residential than most other building types."
Madison is considering a $5.77 million investment in five low-income housing projects that would bring a total 320 needed apartments, including 240 units that would be set aside for those making 60% or lower of Dane County median income.
The Madison City Council on Tuesday approved the final piece of the multi-phase, $80 million Union Corners redevelopment on the East Side and a first-ever historic preservation plan that looks at the city's culturally diverse past that's been uncelebrated, unrecognized and unnoticed
The new plan adds 30 more apartment units and an additional story to the building proposed for the cornerstone piece of the project.
Mariam and Joe Maldonado opened 2,300-square-foot Luna's Groceries in early 2019 in the Allied Dunn's Marsh neighborhood but their second store will offer up 24,000 square-feet of groceries and could open in 2022.
Plans call for a glassy, five-story, 180,000-square-foot clinic to replace the clinic's three-story, 60-year-old facility at 1313 Fish Hatchery Road.
Meanwhile, two nonprofits have won city approvals for a $12.7 million, four-story child care and housing project next door, continuing a dramatic transformation of the south side of that part of East Washington Avenue.
Rule Enterprises proposes a 30,000-square-foot grocery store, a 345-space parking garage and 150 units of rental housing.
Madison city staff is recommending Rule Enterprises over three other development teams to bring a grocery, housing and parking to the 3.5-acre, city-owned Truman Olson site on South Park Street.
Four development teams are offering competing mixed-use projects with costs ranging from $25 million to $87 million for a city-owned property on South Park Street.
Gorman & Co. is offering a $24 million, four-story, mixed-use building -- called The Nexus -- with 90 market rate apartments, 17,000 square feet of retail space at the corner of East Washington Avenue and Milwaukee Street.
The local investments are intended to help the developers secure critical federal Low-Income Housing Tax Credits.
The $20 million, 112-unit Grove Apartments, 204 Cottage Grove Road, will include 95 units for those who make less than 60 percent of the county's median income, about $46,000 for a family of three.
The supervisor representing the district the project would be located in proposed designating eight of the 64 units for homeless families.
The proposed Union Corners Grandfamily project is aimed at grandparents raising grandchildren and extended family members raising other family members' children.
OREGON — Gary Gorman recognized that for the development company bearing his name to continue without him someday, he needed a leadership tran…
The site provides one of the more unusual residential settings in the city.
Stories that are making the news today in Madison and around the state and country.
I bet there are plenty of creative ways to use those signs.
Developer would pay $1 for land valued at $5 million for first four phases of six-part redevelopment.
In a surprise turnabout, Livesey Co./Stone House Development informed the city it was suspending its proposal for the Union Corners site.
Developers vying to revive the long-vacant, city-owned Union Corners site on the East Side both would need multiple exceptions from city financial assistance policies for their projects, a new city report shows.
One of the five entities that had made a proposal to the city to redevelop the vacant Union Corners site on Madison's East Side has withdrawn its plan.