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Affordable housing is on the rise in Madison

There was a groundbreaking ceremony for an apartment complex coming to Madison’s East side.

A groundbreaking ceremony for an apartment complex in Madison. It features nine people, including the mayor, in hard hats with shovels in their hands

Local dignitarites were at the groundbreaking of Rise Madison, a large affordable housing project, in late January. | Photo by 608today

We attended the groundbreaking ceremony for the largest affordable housing project in Wisconsin. Rise Madison will be a 100% affordable housing community in Madison.

The $82.3 million development will be constructed on a 6.5-acre site at the intersection of East Washington and North Fair Oaks avenues. The name Rise Madison pays homage to what was there previously, a bakery manufacturing facility.

A loaf of sourdough bread next to the Rise Madison rendering

Complimentary Madison Sourdough loaves were given at the groundbreaking. | Photo by 608today

The four-building property will create 245 affordable apartments, including several larger, family units.

“We’re excited to be here breaking ground on this incredible, and so important, project,” said Madison Mayor Satya Rhodes-Conway at yesterday’s ceremony. “You heard the number before, but I have to say it again,” she continued, “245 units of critical housing for our community.”

Mayor Satya Rhodes-Conway speaking at a podium at a press conference

Mayor Satya Rhodes-Conway spoke at the groundbreaking. | Photo by 608today

Located near Hawthorne Elementary School, Rise Madison will also feature approximately 1.5 acres of park space to complement the school’s existing open space.

There will also be around 5,000 sqft of commercial space facing East Washington Avenue that will be adjacent to a soon-to-come Bus Rapid Transit stop.

Rise Madison yard sign at the construction site

The development will be move-in ready by 2025. | Photo by 608today

Completion is to occur in three phases through October 2025. Two of the four buildings will be ready for resident move-in by February 2025, with pre-leasing beginning in late 2024.