A pair of 7-story apartment buildings, totaling nearly 500 units with commercial space, are proposed near the Madison Public Market by developer New Land Enterprises, aimed at revitalizing the area with mixed-use housing and retail, featuring income-restricted units and a 10-year tax abatement to boost affordable options in a growing district. Key Details of the Proposal:
- Developer: New Land Enterprises.
- Location: Pennsylvania Avenue, near East Johnson and North First streets, close to the Public Market.
- Scale: Two 7-story buildings.
- Units: Approximately 500 apartments.
- Features: Ground-floor commercial space and residences with potential for income generation.
- Incentives: A 10-year property tax abatement is part of the plan.
- Goal: Address Madison`s housing needs with a vibrant, mixed-use development in a growing neighborhood.
This project, reported in late 2025, is a significant addition to the
downtown area, aiming to blend new housing with local commerce, near the
popular Public Market.
(From AI)
RSK: Doesn`t say how many will be market rents and how many subsidized units. Good project for a messy corner triangle....but i`m sure people will complain about the trains going through even though they say the tracks when they rented. An Amtrak station at the site is a possibility and the new Public Market is kitty Korner from the building. Lots of possibilities here if it moves forward.
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- - Volume: 25 - WEEK: 52 Date: 12/23/2025 11:59:50 AM -