Madison developer The Alexander Co. will partner with the city’s Community Development Authority (CDA) for an over $200 million housing project on the former Metro Transit South Transfer Point site at the corner of South Park Street and West Badger Road, the Wisconsin State Journal reports. The company was chosen over a collaboration between Centro Hispano, the Urban League of Greater Madison, and Madison College, as well as Kenosha’s Bear Development and Chicago’s Greenprint Partners — other finalists for the contract.
The CDA and The Alexander Co. for the remainder of 2024 will create site designs and a plan for housing affordability for a project offering up to 600 units. The next steps will include public engagement and applying for low-income housing tax credits early next year.
The city will pay $627,000 to the Alexander Co. and its architectural and engineering partners for the first planning phase.
The development would construct three buildings, potentially with a phased approach. Each eight-story building would contain 200 units and have step-backs at five stories against the street, as well as some low-rise townhouses. The first building would have office space on its bottom two floors for Public Health Madison & Dane County; a second building would house Fire Station No. 6; and both would be completed in 2027. A third building would relocate the Madison Police Department’s South District station on Hughes Place to relocate for housing space.
The CDA will host its first public engagement meeting for the project on June 24 at the Urban League.
