Chapter at Madison, a 534-bed student housing community in Madison, Wisconsin, will be built on a 0.8-acre land that CRG has recently purchased. Bremer Bank, Johnson Bank, and Old National Bank have all supplied finance for new construction.
Beginning in December, construction is expected to be completed in 2024. Just in time for the commencement of the 2024–25 academic year. 165 apartments ranging in size from studios to five-bedroom homes will be included in the 10-story structure. Laundry rooms, technological features, and stainless steel appliances will all be included in each unit.
The community will have 2,200 square feet of commercial space, a fitness center with a yoga studio. Furthermore, study areas, conference rooms, a rooftop terrace, and a parking garage with EV charging stations. The project was created by the architecture company Lamar Johnson Collaborative, while Findorff Construction is the general contractor.
Three current structures will be replaced by a Chapter at Madison in the Greenbush neighborhood. They are located at 802, 822, and 826 Regent St., along with two rental homes at 816 and 818 Regent Street. Further, the University of Wisconsin-Madison will be a short stroll from the development. It will be less than a mile from the city’s center.
More on the Chapter at Madison Wisconsin
A recent Yardi Matrix analysis cites the university as one of the top institutions in the country for rent increases. With an increase of 11.2% as of September.
According to Yardi Matrix data, there are currently 21 houses with a combined total of roughly 6,430 bedrooms that cater to University of Wisconsin–Madison students. Harrison Street and Trinitas Ventures are currently building Atmosphere Madison, a 681-bed community that will be completed by the end of the year.