Sunday, August 7, 2022

Major housing development approved on 500 block of West Washington in Madison WI (August 2022 construction site visit)


Photos and video by Retiring Guy





Original 7/24/2022 post starts here

Bottom:  Rendering, Madison Plan Commission
On Monday, the city’s Plan Commission unanimously approved a proposal from Virtue LLC to demolish the nine buildings used for student housing between 519 and 547 W. Washington Ave. for the W-shaped, six-story building with 140 apartments and 168 underground parking spaces. But due to rising interest rates and construction costs, 
Virtue intends to renew rental leases for another year before moving forward with the redevelopment in the fall of 2023, said Jim Stopple, one of the owners. Most of the housing projects now under construction locked in loans and construction bids before costs surged, he said.
Related posts:
Avenir Apartments, 504-516 West Washington (green arrows)
The Triangle, West Washington and Regent (red arrows)
West Washington Place, 624 West Washington (purple arrows)

The orange arrows outline the footprint of 517 to 541 West Washington.





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