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.