Madison’s Willow Partners breaks ground on 14-story apartment building

Madison-based developer Willow Partners broke ground Wednesday on Seven20, a 14-story apartment building along East Washington Avenue, the Wisconsin State Journal reports.

The project at 720 E. Washington Ave. will offer 244 apartments, multiple levels of parking, several high-end amenities — including a pool, a private movie theater, fitness and wellness centers, a dog park, a 14th-floor lounge and a viewing deck overlooking lakes Mendota and Monona — and space for four businesses.

There will be 65 studio apartments, 111 one-bedroom units, 55 two-bedroom units and 13 three-bedroom units. Rents are anticipated to start at $1,800 for studios, just under $2,000 for one-bedrooms, just under $4,000 for two-bedrooms and just under $5,000 for three-bedrooms...

   ...more

RSK: Take a look at those rents...$4000/mo for a 2 bedroom. Having 2 people per bedroom would be $1000/mo each just for rent. I doubt ant HVAC is included in that. If you bought a $400,000 condo at 6% interest rate for 30 years your payment would be approx. 2,300/mo. But, that is the prevailing rate for downtown apartments...and they seem to be getting it. That`s a lot for a dog park on the premises.