Chicago & Midwest + Midwest + Apartments | October 24, 2021

M&R Opens Its Second Wisconsin Apartment Project This Year

M&R Development has begun welcoming residents to Elevate, a new 270-unit luxury apartment building at 5022 American Pkwy. in Madison, WI. Elevate marks M&R’s second new apartment building to open in Wisconsin in 2021.

“We couldn’t be happier with how our first two ground-up projects in Wisconsin turned out, and the timing couldn’t have been better for residents, many of whom have been opting to work remotely and were in desperate need for a new work-from-home environment conducive to their needs,” said Anthony Rossi, Sr., managing partner for M&R. “While Madison’s east side has seen an influx of new businesses and increased job growth, it’s lacked new Class A housing stock.”

A four-story building, Elevate offers one- and two-bedroom apartments, measuring 590 to 1,254 square feet. Rents range from $1,205 to $3,199. In less than two months, phase one of Elevate is already 27% leased and more than 23% occupied.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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