A 16-story student apartment building located at the intersection of West Johnson and North Frances streets was approved by the city of Madison, the Wisconsin State Journal reports.
It is the sixth project by Chicago-based student housing developer Core Spaces in downtown Madison.
A residential building at 305 N. Frances St. and 533 Conklin Place will be replaced by the new structure, which will house 387 apartments spanning one to five bedrooms, and 1,347 beds.
A city zoning incentive requires that approximately 10% of the beds be offered with a 40% discount.
The development will include 56 parking spaces and 2,800 square feet of retail space.
