MADISON, Wisc.-- Core Spaces is eyeing adding more student housing to its portfolio in Madison. The development company created popular apartment buildings like The Hub and The James.For UW Madison students, the prospect of new housing isn`t all positive.
"They`re building so many new big fancy apartment complexes and the rent is just going like up and up and up every year," Sophomore Zoe Larson said...
...Core plans to deliver three more projects in Madison set to deliver between 2026 and 2028, including:
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West Johnson & North Bassett Street: Set to deliver in 2026, the
12-story project will feature 235 units, 910 beds, and over 20,000 SF of
amenity space.
- West Johnson & North Broom Street: A
15-story, 474-unit, 1,730-bed community, which will feature studio
through five-bedroom units and duplex townhomes with 4,000 square feet
of retail space. This project will implement Core’s student affordable
program, in which 10% of the beds will be offered at a 40% discount to
market rate. Construction is slated to begin in fall 2024, with project
completion expected in 2027 ahead of the 2027-28 school year
- North Frances and West Johnson (Saxony opportunity): A 15-story, 392-unit, 1,330-bed community. This community will also feature the student affordable program, bringing 200 affordable beds to market. Project completion expected in 2028.
RSK: In case you missed it. Also included are below market rate apartments for those that qualify.
Ken Notes: WOW! Core is to say the least aggressive. All of these are 3+ bed units. Their formula seems to be working...
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- - Volume: 24 - WEEK: 46 Date: 11/12/2024 12:02:30 PM -