Madison College to review proposals for downtown campus redevelopment
More details to be released in early April
MADISON, Wis. — Madison College officials will begin the process of reviewing five proposals they received as part of a planned redevelopment of the college’s downtown campus, Mark Thomas, Madison College’s vice president of administrative services and chief financial officer said Friday.
In a news release, Thomas said five groups submitted formal plans after narrowing the list from 11 in January. Final proposals were due Wednesday.
The proposals include:
A plan from the Alexander Company to reuse the existing buildings as historic apartments with an affordable-housing component, as well as building a new hotel facing Wisconsin Avenue, underground parking and public courtyards
A plan from Baum Revision/Gardner Capital to use the existing buildings as housing for artists and their families that would also include space for several youth arts nonprofit organizations
Two plans from CD Smith/HKS Holdings; one of which would use the existing building for apartments and add new buildings that would house additional apartments, a hotel, office space, parking and public plaza; the second would have the same components but would demolish the existing building
A plan from Hovde Properties to convert the building into a hotel and restaurant while adding underground parking, grocery, retail and office space
A plan from Sherman Associates to use the existing building as housing with an affordable-housing component and building a new hotel with street-level retail and underground parking.
Madison College officials will review each proposal during the next few weeks and plan to release comprehensive details about each proposal during the first week of April, the release said.
The college’s board is expected to grant authority execute a ground lease to one of the proposal teams at its May meeting. The board would also submit the lease to the Wisconsin Technical College System Board for approval, officials said.
The college plans to vacate its downtown campus by mid-to-late 2019, moving its programs to its other locations, the release said.
A proposal submitted Monday by the real estate company chosen to redevelop the Judge Doyle Square project downtown is not under consideration, Thomas told News 3 on Monday. The $115 million proposal from Beitler Real Estate would have replaced the existing building with an 11-story, 250,000-square-foot triangular glass building and included a one-acre public green space.
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