Georgia developer proposes 16-story downtown building with apartments, retail

Georgia-based Landmark Properties, a student housing developer, is proposing a 16-story apartment building in downtown Madison, the Wisconsin State Journal reports.

The project, with a planned location at the intersection of State Street and West Gilman Street, would demolish existing buildings at 411-433 W. Gilman St., including the Fugu Asian Fusion restaurant, the Master Hall and Stratford Atrium apartments and a smaller building in between.

The new building would offer 261 residential units — ranging from studios to five-bedroom units — and 974 total beds. 

The facility would also include 1,500 square feet of retail space, a rooftop pool, 77 vehicle parking spaces and 431 long-term bike parking spaces...   ...more

RSK: I`d be surprised if they are able to build 16 stories but there is a trade off if they have so many under market rental rates.