Madison-area builder creates affordable apartments out of old hotel

A hotel converted into apartments on the east side of Madison is nearing completion.

Madison-based Wiseman Capital led the adaptive reuse of the 129-unit Sandburg Studios, built out of a former Super 8 hotel on the east side of the city. The project, expected to open in June, will create housing without the use of public money that is affordable for professionals, said Cody Wiseman, founder and CEO of Wiseman Capital.,,,

THE BLUEPRINT:

• Former Super 8 hotel in east Madison converted into 129 apartments.
• Rents average $1,075, well below Madison’s $1,600 average.
• Project uses adaptive reuse to avoid public subsidies.
• Amenities include coworking space, dog park and renovated pool.