CRG closed the land acquisition and construction financing of a 0.8-acre site on the 800 block of Regent Street in the historic Greenbush neighborhood in Madison, Wisconsin. CRG plans to build a 10-story mixed-use complex, Chapter at Madison, that will house 165 furnished units with a total of 534 rentable bedrooms, a suite of resident amenities and about 2,200 square feet of neighborhood-oriented commercial space.
Construction is slated to begin in December, with delivery anticipated in 2024 to coincide with the start of the 2024-25 academic year.
The capital structure for Chapter at Madison includes financing from Old National Bank, Johnson Bank and Bremer Bank.
Chapter at Madison was designed by architecture firm Lamar Johnson Collaborative, a subsidiary of CRG parent Clayco, and will integrate into the existing urban environment using brick and masonry that harmonizes with surrounding buildings. Setbacks and landscaping will help enhance the pedestrian experience, while below-grade parking will allow for Regent Street to be activated with storefront windows. Wisconsin-based Findorff Construction will serve as the general contractor for the project.
Chapter at Madison will offer a mix of studio, one-, two-, three-, four- and five-bedroom apartments, with pre-leasing expected to begin in early fall 2023. The campus-adjacent location places residents steps from retail, restaurants and nightlife downtown while maintaining walkable access to campus, dining and recreation facilities.
The project will offer amenities including an expansive fitness center and yoga studio; private study spaces and conference rooms; a rooftop terrace and lounge overlooking Lake Monona that includes grilling stations, firepits, games and recreation; and an underground parking garage with EV charging stations and bike storage. Apartments will feature stainless steel appliances, in-unit laundry, and other modern, tech-forward offerings.
CRG worked with Alder Juliana Bennett; Madison’s Department of Planning, Community & Economic Development; the Italian Workmen’s Club; the Campus Area Neighborhood Association; and other local stakeholders to create an addition to the neighborhood that aligns with the Regent Street – South Campus Neighborhood Plan. A community steering committee was formed early in the project and continues to provide valuable insight to inform the design. Plans include a mural on the East Campus Mall entry depicting people and events that had an indelible impact on the neighborhood, as well as a cultural exhibit along the first-floor corridor that fronts Regent Street detailing the history of the 800 block and other historic milestones associated with the Greenbush neighborhood.
Bordered by Regent Street, North Park Street and the East Campus Mall, the site is currently home to the former Buckingham’s Bar & Grill at 802 Regent St., Faith Community Bible Church at 826 Regent St., the former Fraboni’s Italian Specialties and Delicatessen at 822 Regent St., and two rental houses at 816 and 818 Regent St. All of the buildings have been acquired and are slated for demolition.
Originally built in 1923, the building that housed Buckingham’s has a storied past as the original home of the Ben DiSalvo and Sons Grocery Store and is one of the few remaining early-built structures in the neighborhood. While the building was unable to be preserved because its various modifications throughout the years devastated its architectural integrity, it will be featured in the site’s history-inspired artwork and cultural exhibit.