Developer Duo Building Luxury Montrose Condos

Tannos Development Group, along with Wolfgramm Capital, plan to break ground later this year on The Madison, a seven-story, 35-unit condo building on West Gray Street.

The site is currently home to a series of dated fourplex apartments. Residents will soon be out, with demolition scheduled to begin in April. The Madison is expected to be completed in 2026.

Residents can choose from two-bedroom and three-bedroom floor plans, which will range from 2,000 square feet to 3,000 square feet. A 2,000-square-foot unit will start at about $1.5 million.

Every unit will have a private balcony. The third-floor amenity space will have a pool deck, a fitness center and a barbecue/game room area, among other amenities.

Wolfgramm Capital is perhaps best known for its work in the hospitality space, having acquired, developed and operated such properties as the Waldorf Astoria in Park City, Utah; the Waldorf Astoria in Las Vegas; and the Ritz Carlton in Rancho Mirage, California, among others.

On April 18, join multihousing’s leaders and dealmakers when they explore the most important topics facing the Phoenix and Scottsdale markets today. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa.