Construction is underway at the historic Garver Feed Mill on Madison's East Side as Baum Revision finalized the purchase of the building from the city.
The $19.8 million project will remodel the crumbling landmark and its surrounding five acres at 109 S. Fair Oaks Ave. into an artisan food production facility with dozens of short-term rental units.
Future tenants for the main building include Underground Catering, Ian's Pizza and Nessalla Kombucha, according to Baum Revision.
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The proposal faced two years of negotiations and delays as the developer modified plans and worked to secure financing.
"This is a complex project and aggregating all of the necessary funding was a monumental task. We're so happy to be closed and under construction," said Bryant Moroder, a project manager for the developer.