Format
Brief
City
Madison
State/Province
WI
Country
USA
Metro Area
Madison
Project Type
Mixed Use
Location Type
Other Central City
Land Uses
Agricultural Land/Farm
Restaurant
Retail
Keywords
Health
Site Size
1.5
acres
acres
hectares
Date Opened
2013
A brief is a short version of a case study.
The Constellation is a 12-story mixed-use development outside of downtown Madison, Wisconsin, that opened in 2013. The project includes 220 apartments and 32,500 square feet (3,019 sq m) of commercial space, which is anchored by a mix of local eating and drinking establishments. The decision by the project’s developer, Gebhardt Development, to accommodate local food businesses within the Constellation, instead of leasing the building’s retail spaces to national credit tenants, has led to the creation of a dining destination that is a major draw for area residents.
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Format
Brief
City
Madison
State/Province
WI
Country
USA
Metro Area
Madison
Project Type
Mixed Use
Location Type
Other Central City
Land Uses
Agricultural Land/Farm
Restaurant
Retail
Keywords
Health
Site Size
1.5
acres
acres
hectares
Date Opened
2013
Development Team:
Gebhardt Development
Project Cost:
$39 million
Financing:
City tax incremental financing, BMO Financial, New Markets Tax Credits, Midwest Disaster Bonds, private equity
Features and Innovations:
Rooftop farm; A mix of local food businesses; Proximity to farmers market
Source:
Cultivating Development: Trends and Opportunities at the Intersection of Food and Real Estate