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McShane to Build Downtown Madison Apartment Complex
McShane Construction Company was selected by Vermilion Development to build Lock Lane Apartments, a 309-unit multi-family community in Madison, Wisconsin. Potter Lawson is providing architectural services for Lock Lane Apartments.
“In this difficult capital raising environment, Vermilion is delighted to partner with Quartz Lake Capital and Clarion Partners to finance this project and bring much-needed new, high-quality housing to the Madison area,” said Dave Cocagne, Vermilion’s CEO. “We appreciate the tenacity of JLL to source the equity capital for the project. We’re also pleased to continue our long-standing relationship with CIBC, which will be providing construction financing for the project.”
Located on an 8.5-acre site adjacent to Tenney Park, the development will integrate two five-story podium-style buildings with a total of 289 units and three two-story townhome buildings with 20 units. Amenities will include large green roof amenity areas on the podium buildings, fitness centers, club rooms and common balconies, co-working office spaces, and conference rooms.
