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A Verona developer is proposing a four-story apartment building on the corner of Atwood and South Fair Oaks avenues on Madison`s East Side, where a popular appliance store stood for 50 years.The apartment building, to be located on the site of the former Birrenkott Appliance, would have 31 one- and two-bedroom units, 18 covered parking stalls and about 3,800 square feet of retail space on the first floor. It’s expected to cost around $12 million, said Tim Lemkuil, a partner with TriNova Ventures, the project’s developer. Lemkuil and Andy Fieber co-own Aldo Partners, a Verona-based construction company that would be the project’s contractor. They’ve always planned to use the construction company to develop properties and bought this one after Lemkuil, who lives nearby, saw a for-sale sign in the window, he said. “This is our first big venture into apartments,” he said. The development team considers the site the “gateway” to the Isthmus, Lemkuil said. It plans to re-create the corner storefront people see as they come up Atwood but set the new building back a bit farther to improve visibility, he said... ...more RSK: Our investment group looked at that property over a year ago....we couldn`t get it to make sense....good to see someone else did...31 units is packing it in on that site. | ||
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