Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Midwest  + Hospitality  | 
The Madison Plaza Hotel in Madison, WI will be converted into workforce housing by Repvblik LLC

Repvblik Acquires Madison Hotel for Workforce Conversion 

Repvblik LLC has acquired the Madison Plaza Hotel in Madison, WI and unveiled plans to convert the hotel into workforce housing for the greater Madison area. The developer, which specializes in adaptive reuse, plans to fully renovate and repurpose the property into an estimated 155-190 affordable studio and one-bedroom housing units ready for occupancy in 2023.   

Located on East Washington Avenue in Madison, the property has already turned over the keys. The purchase price wasn’t disclosed. The project permitting process with the City of Madison will begin this fall. 

Renovation and construction will commence once permits and approvals are in-hand. It’s expected to include façade renovation, pool area updates, fitness center, lounge & game room, coworking space and meeting rooms, onsite laundry addition, parking lot refinishing, upgrades to interior fixtures and finishes, kitchenettes, and landscaping and greenspace. 

In cooperation with HotelBrokerOne, Jameson and Company facilitated the sale of the  property. 

Connect

Inside The Story

Repvblik LLC

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).

  • ◦Sale/Acquisition
  • ◦Development
New call-to-action