New images show what a redevelopment of the 500 block of State Street might look like.

The Mullins Group of Madison has proposed demolishing the University Inn on the 500 block of State Street and building a stair-stepping tower of shops and apartments.

The plan would use the lone surface parking lot along State Street, which some call a waste of prime real estate and a space that panhandlers used in the past.

The building would be shorter along the street but would rise in height to a 12-story tower near Gilman and Frances streets, said Brad Mullins of the development team.
The developers are planning on 250 to 300 apartment units, with granite counter tops and stainless steel appliances. It still needs approval from the city.

The proposal would displace current tenants, including a cellphone store and several restaurants, for 18 to 24 months during construction, Mullins said.

He said current tenants, such as Kabul Afghanistan and Mediterranean Cuisine could come back afterward, although the market will dictate that.