Madison Capital Group secured a $47 million construction loan from Peachtree Group for Madison Bradenton, a 240-unit multifamily development located on the site of the former DeSoto Square Mall in Bradenton, Fla.

The project will feature five four-story buildings and two carriage homes anchored by high-end amenities. The development will include a clubhouse with a demonstration kitchen, a cyber lounge, a resort-style pool with cabanas, an outdoor kitchen with grilling areas, a fitness center and a dog park. 

Madison Bradenton marks the first ground-up development at the former DeSoto Square Mall, located on a 7.5-acre parcel southeast of a former Sears store. The Sears building, which closed in 2018, has been transformed into a Go Store It self-storage facility.

The project’s general contractor is BenCo, the architect is Slocum Platts Architects, and the engineer is Cavoli Engineering, Inc. Construction is set to begin immediately, with completion anticipated in early 2026.